Your publicly shareable ID for sending and receiving stealth payments
Leave no tracks when you transact
When you share a normal address publicly, you are giving surveillance firms a starting point to track you.PayNyms defend against this type of 'First Touch' attack by never revealing an address to anyone other than the sender and recipient of the transaction.
Simple, no nonsense private payments.
Share your PayNym to receive private payments from anyone, anywhere. Simple.Unlike ordinary bitcoin addresses you cannot search for a PayNym on the blockchain, so you can't see the balance or transactions associated with a PayNym. Feel free to share your PayNym with your friends and family, or even post it to your social media profile, no one can see your balance.
Connect to other PayNyms
Connect to your friends, family, and anyone else. Once connected there will no longer be a need to request a bitcoin address, the PayNym is all you need.Unlike ordinary bitcoin addresses a PayNym can be re-used multiple times without worrying about privacy damaging address reuse.
What are PayNyms?
PayNyms are a secure and private way of sending and receiving bitcoin using BIP47 Reusable Payment Codes. PayNyms allow you to add your friends to your wallet contact list for regular sending and receiving, without revealing your balance or transaction history. PayNyms are currently supported natively by Samourai Wallet.BIP47 compatible wallets produce a special 'payment code' (beginning with 'PM8T') that never changes. This code can be shared publicly, and when scanned or added by a compatible wallet will generate unique unused bitcoin addreses between one another without revealing prior transaction or balance history.
A PayNym is created by taking a valid BIP47 code and applying a special hashing algorithm that produces a unique fingerprint used to create the PayNym Bot image and ID. A PayNym Bot is a visual representation of a valid BIP47 Reusable Payment Code.
Every PayNym Bot is unique.
Your PayNym is stealthy.
Gone are the days of revealing your balance and transaction history to the entire world. Transactions are always valid bitcoin transaction that are sent and confirmed on the blockchain. A unique bitcoin address is automatically generated behind the scenes in your wallet, for every new transaction your PayNym handles. Addresses are never reused and are only known by the sender and receiver of the transaction.
Your PayNym is yours.
PayNyms are controlled and managed using client side wallet software. Only the provable owner of the private keys can interact with their PayNym. Your PayNym isn't an intermediary, or third party service. Only your wallet posseses the private keys needed to control them.
Viac info: https://samouraiwallet.com/paynym
- Introduction to payment codes - A payment code is a permanent and reusable code that you can share with anyone. It is tied to your secret words. It looks similar to a bitcoin address but it is longer and starts with 'PM8T' Payment C...
- Understanding PayNym fees - How much does a PayNym connection cost? Samourai Wallet charges a one time fee of 0.00015 BTC + normal miner fee paid at time of connection. Once a PayNym connection is active, there are no further co...
- Connecting to a PayNym contact - Prerequisites: In order to create a connection you will need a small amount of bitcoin in your wallet to cover the connection fee. You also need the Payment code you would like to connect to in either...
- Claiming your PayNym Bot - Wallet users can claim their unique PayNym bot from within the latest version of Samourai Wallet. A PayNym bot is a unique graphical representation of your PayNym code. Navigate to the PayNym screen f...
- Send bitcoin to a connected PayNym - This guide assumes you have already connected to a PayNym and now you would like to send some bitcoin to that PayNym's wallet. There are two ways to send to a connected payment code: Method 1: From th...
- Find and share my payment code - Unlike a static bitcoin address you can share your payment code publicly without revealing your entire balance or transaction history. Step 1 - Open the PayNyms screen From the main screen of the wal..
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