Author: Peter Todd 2014-01-10 10:20:37
Published on: 2014-01-10T10:20:37+00:00
In this email conversation, Jeremy Spilman and Peter Todd are discussing the concept of stealth addresses in Bitcoin. They explain that a payee generates a public key that serves as an identifier, with a corresponding private key. To receive payment, the payee generates a new keypair with a public key published in the transaction. The payer can calculate a shared secret between them and the payee, allowing either party to calculate the pay-to-address. The downside is that private keys have to be held unencrypted in memory, making stealth addresses unsuitable for eCommerce payments. However, it is possible to include a second pubkey in the stealth address for communication purposes or use a n-of-m multisig.
Updated on: 2023-06-07T23:34:20.378139+00:00