Last edited: 27.4.2024
A simple but effective tool to enhance Bitcoin privacy
Paynym enables users to share their Bitcoin receiving information publicly without exposing their actual Bitcoin addresses. This system cleverly maintains privacy by ensuring that while the addresses used in transactions are known to both the sender and receiver, there is no public link between the publicly displayed receiving information (Paynym) and the transaction details recorded on the blockchain. This setup allows for both transparency in sharing payment information and privacy in conducting transactions, as observers cannot trace the transaction back to the payer's or payee's publicly shared information.
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