Enhancing Privacy with Dynamic Bitcoin Addresses

511 votes

I propose to enhance the privacy of Bitcoin transactions on the Deblock app by introducing dynamic address generation. Currently, using a fixed address for all transactions compromises user privacy. By implementing a system where each transaction generates a new address, similar to those used by Ledger wallets, and allowing users to track all their transactions via a public key without exposing individual addresses, we improve security. This approach also helps users maintain the privacy of their wallet when sharing their address to receive payments and facilitates tax reporting without compromising privacy.

Under Consideration Suggested by: 0xfbn (17 Apr, '24) • Upvoted: today • Comments: 1

Comments: 1

09 Dec, '24
Laurent
It would be highly beneficial to implement a feature that allows users to generate new crypto addresses for each transaction within their wallet. This functionality would replace fixed addresses, which can compromise privacy during exchanges, with dynamically created addresses to enhance security and confidentiality.

This mechanism should not be limited to Bitcoin but should be implemented for all major cryptocurrencies to ensure comprehensive privacy and usability across the platform.
1