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Re: A simple bitcoin Q/A. Learn new and interesting stuff about bitcoin.
by
mangodebango
on 18/06/2018, 17:46:03 UTC
Question:  What is a stealth address? How does it work and how does one use them?  


The stealth address is a method where additional security can be granted to a user of a cryptocurrency. For example, if someone wanted to receive a number of tokens of a cryptocurrency from a sender as a payment for work, but didn’t want anyone else to know about it, then they could give the sender a stealth address. When the sender sends the funds to the receiver, a random unique address is created where the funds will be shown to have gone on the blockchain. What this means is there is no link between the stealth address and any other transaction address the receiver may have used. This therefore provides a layer of anonymity because no one will be able to see how the receiver spent their received funds.