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Reusable Payment Addresses (RPA) will enable more privacy on BitcoinCash

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by COINS NEWS 93 Views

Development of "RPA Pay Codes" (Reusable Payment Addresses) has picked up again on BitcoinCash and will soon be ready for testing. With RPA a level of privacy close to that of Monero can be achieved.

Monero privacy is based on hiding the identity of the transaction peers with the use of “ring signatures” and onetime keys (stealth addresses) for each transaction. It achieved better privacy with the development of “Ring Confidential Transactions” (or Ring CT), which in addition obfuscates the amount of each transaction.

While BitcoinCash is an open ledger blockchain, it has some solutions already and the addition of the open-source development of “Reusable Payment Addresses” by the Electron Cash wallet is another step towards increasing the privacy of Bitcoin Cash users.

Reusable Payment Addresses generates a "Pay-Code" which is a new receiving public address that is not linked to the previous addresses of the user. It gives a new receiving address for each payment, creating better terms of anonymity.

Together with Cashfusion, it creates an obfuscating combination that would make it virtually impossible for an outside researcher to track the route of funding.

submitted by /u/DangerHighVoltage111
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