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20 sats \ 1 reply \ @cryotosensei 17 May 2024 \ on: All you need to know about Silent Payments in one site | silentpayments.xyz bitcoin

Could you explain to this noob what is meant by generating infinite addresses based on one static address?

Is my stacker Lightning address considered a static address?

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12 sats \ 0 replies \ @sethforprivacy OP 17 May 2024

Yes, think LN address but for on-chain, and without requiring extra infrastructure unlike LN addresses.

I just give you my SP address:

sp1qqweplq6ylpfrzuq6hfznzmv28djsraupudz0s0dclyt8erh70pgwxqkz2ydatksrdzf770umsntsmcjp4kcz7jqu03jeszh0gdmpjzmrf5u4zh0c

You scan it via QR or copy-paste into your favorite wallet, and on-chain you are sending to a new, unique, one-time address every time. No "send me a new address please!" hassle, no need for the receiver to keep cycling addresses, etc.

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