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Private Payments
 * overview
 * use cases
 * integration guide
 * contact


PRIVATE PAYMENTS



Private Payments is a stealth address protocol for Bitcoin, specified by BIP351.
Stealth addresses make it possible for two parties to transact using addresses
that only they can calculate. Receiving parties generate static payment codes
that they share with the world. Every sender-recipient pair calculates a unique
set of addresses, leading to increased privacy.

Example: Bob places a payment code on his donation page. Alice and Carol wish to
donate to Bob because they like the content he is creating. After importing his
payment code and sending a one-time notification transaction to Bob, Alice and
Carol will be deriving entirely different donation addresses for Bob. Bob can
now receive coins from different parties while preserving both his and their
privacy.

In other words, Private Payments makes it possible to establish a basic on-chain
payment channel without leaking private information.

Read about Use Cases for Private Payments.


COMPARISON WITH OTHER METHODS OF TRANSACTING

For an in-depth comparison with other on-chain payment standards and why a
wallet might choose to implement it, please see the specification.

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