Address Expiration to Prevent Reuse [combined summary]

• Address Expiration to Prevent Reuse odinn 2015-06-13 04:52:25+00:00
• Address Expiration to Prevent Reuse Thy Shizzle 2015-03-27 04:31:35+00:00
• Address Expiration to Prevent Reuse Gregory Maxwell 2015-03-27 03:13:06+00:00
• Address Expiration to Prevent Reuse Thy Shizzle 2015-03-27 01:51:46+00:00
• Address Expiration to Prevent Reuse Gregory Maxwell 2015-03-26 23:00:50+00:00
• Address Expiration to Prevent Reuse s7r 2015-03-26 22:28:42+00:00
• Address Expiration to Prevent Reuse Tom Harding 2015-03-26 22:23:24+00:00
• Address Expiration to Prevent Reuse Gregory Maxwell 2015-03-26 21:44:11+00:00
• Address Expiration to Prevent Reuse Peter Todd 2015-03-26 21:33:15+00:00
• Address Expiration to Prevent Reuse Tom Harding 2015-03-26 21:26:59+00:00
• Address Expiration to Prevent Reuse Gregory Maxwell 2015-03-26 20:42:55+00:00
• Address Expiration to Prevent Reuse Tom Harding 2015-03-26 20:38:04+00:00
• Address Expiration to Prevent Reuse Gregory Maxwell 2015-03-25 19:22:58+00:00
• Address Expiration to Prevent Reuse Tom Harding 2015-03-25 18:44:00+00:00
• Address Expiration to Prevent Reuse Gregory Maxwell 2015-03-25 16:34:36+00:00
• Address Expiration to Prevent Reuse Matt Whitlock 2015-03-25 10:09:44+00:00
• Address Expiration to Prevent Reuse Tom Harding 2015-03-25 01:57:37+00:00

Published on: 2015-06-13T04:52:25+00:00

Summary:

The Bitcoin community has been discussing the implementation of address expiration to reduce the monitoring requirements associated with the increasing number of Bitcoin addresses. The idea is to add an expiration date to Bitcoin addresses, forcing users to create new addresses periodically instead of keeping old ones active indefinitely. This would help reduce the burden of monitoring old addresses and prevent the buildup of unused addresses over time.However, there are concerns about the potential implications of address expiration. One concern is that if businesses are issued with an address by a government body, then all transactions can be tracked for that business entity, compromising privacy and fungibility. Some argue that address reuse should be allowed in certain cases, such as for donation addresses or when accounting requirements necessitate archiving all keys and transaction hashes.Gregory Maxwell proposed encoding an expiration date into the address itself and specifying that clients enforce it. This would simplify the implementation and ensure that individuals who want to hack their client to make payments not according to the payee's specifications will have to face the consequences.There have also been discussions about the potential drawbacks of enforcing address expiration. It could invalidate payments made at or just before expiration in case of reorganization, and it may increase recommended confirmations above current levels centered around the possibility of a malicious double-spend. The benefit of the Bitcoin network providing this service needs to be weighed against the potential cost.Overall, address expiration presents an interesting potential solution to the issue of increasing Bitcoin addresses. While it remains to be seen whether it will be adopted in the future, it could have a positive impact on the scalability and efficiency of the Bitcoin network.

Updated on: 2023-08-01T12:10:53.102726+00:00