Post
Topic
Board Beginners & Help
Re: Is it standard to create a new address everytime?
by
Abdussamad
on 28/02/2014, 00:21:02 UTC
Thanks guys

Thing is how do you change it for every transaction? If a site is paying you a few times a week say... You have logged an address just for that site. How would you change it for each tx? Keep going back to the site daily and entering in a new address? Impossible to do it you had many of these sites paying you?

In such a situation you don't change the address. Simples.

In future we might see solutions to these scenarios as well. There are three competing implementations that I know of:

1. Deterministic wallets. You submit the master public key of a branch and a the site generates a new address for each transaction using that.

2. Bitcoin payments protocol.

3. Stealth addresses.

Only time will tell which one of these gets the widest adoption.