A new tool to provide more privacy in Bitcoin Cash – Bitcoin News

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Electron Cash, one of the leading bitcoin cash wallets, has rolled out a new feature called Reusable Payment Addresses. Although still in the testing phase, this feature is a tool that can be used to acquire a higher level of confidentiality for your transactions, due to the way it detaches public addresses from payment history, giving Bitcoin Cash Monero-like capabilities.

Reusable payment addresses: more confidentiality for your transactions

The developers of Electron Cash, one of the leading Bitcoin Cash wallets, have introduced reusable payment addresses, a new privacy feature for the wallet. Although it’s still in its alpha stages, the functionality is there. Reusable payment addresses allow users to have another layer of privacy during transactions. When a user gives a payment address to another, it also reveals the entire history of payments associated with it, as well as the balance it contains.

This poses a big problem for privacy-conscious users: Anytime a user or business posts an address, it means the entity’s financial information is exposed. Reusable payment addresses aim to solve this problem by providing an alternative address, called “Paycode”. Paycodes are different from traditional public addresses because they are not directly associated with the user’s history, and in this sense, they can be shared without worry.

Payment codes can also be combined with other user-friendly features such as cash accounts, which allow users to enjoy both the privacy of payment codes and the convenience of user-readable account names. man.

Bitcoin Cash gears up for more privacy

With this new addition, Bitcoin Cash is increasingly gearing up for privacy options, offering Monero-like capabilities to its users. Reusable payment addresses are just another tool now available for Bitcoin Cash users to further enhance their privacy arsenal. Combined with other tools such as CashFusion, which masks transactions by merging coins, it offers a complete privacy-focused suite for power users.

Although the Reusable Payment Addresses option is still in the alpha phase and only available through the Electron Cash wallet, when tested sufficiently, it could be implemented in any wallet as it is code-based software. open source. Widespread use of this feature would create an optional privacy feature that could be useful for businesses like restaurants and others who do not wish to reveal their payment flows, as well as political and freedom activists in several countries around the world. .

What do you think of reusable payment addresses and their function? Tell us in the comments section below.

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