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authorJustus Ranvier <justusranvier@riseup.net>2015-06-19 18:27:37 -0500
committerJustus Ranvier <justusranvier@riseup.net>2015-07-10 12:36:02 -0500
commit1612a0016a21d72a67886661913002ccdc4b839f (patch)
tree606d6dea87c9ab0c385e1681da4a2dcfa695d620 /bip-0019.mediawiki
parenta7c05e17b3ce357e5d180dc0ab46f53979ac59ae (diff)
BIP-0047: Reusable payment codes
Payment codes are SPV-friendly alternatives to DarkWallet-style stealth addresses which provide useful features such as positively identifying senders to recipients and automatically providing for transaction refunds. Payment codes can be publicly advertised and associated with a real-life identity without causing a loss of financial privacy. Compared to stealth addresses, payment codes require less blockchain data storage. Payment codes require 65 bytes of OP_RETURN data per sender-recipient pair, while stealth addresses require 40 bytes per transaction.
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