Regulation could reshape crypto exchanges within two years ...

Proposed BIP extension to BIP 0070 | Justin Newton | Mar 01 2016

Justin Newton on Mar 01 2016:
The following draft BIP proposes an update to the Payment Protocol.
The motivation for defining this extension to the BIP70 Payment Protocol is
to allow 2 parties to exchange payment information in a permissioned and
encrypted way such that wallet address communication can become a more
automated process. Additionally, this extension allows for the requestor of
a PaymentRequest to supply a certificate and signature in order to
facilitate identification for address release. This also allows
for automated creation of off blockchain transaction logs that are human
readable, containing who you transacted with, in addition to the
information that it contains today.
The motivation for this extension to BIP70 is threefold:
  1. Ensure that the payment details can only be seen by the participants in
the transaction, and not by any third party.
  1. Enhance the Payment Protocol to allow for store and forward servers in
order to allow, for example, mobile wallets to sign and serve
Payment Requests.
  1. Allow a sender of funds the option of sharing their identity with the
receiver. This information could then be used to:
 * Make bitcoin logs more human readable * Give the user the ability to decide who to release payment 
details to
 * Allow an entity such as a political campaign to ensure donors 
match regulatory and legal requirements
 * Allow for an open standards based way for regulated financial 
entities to meet regulatory requirements
 * Automate the active exchange of payment addresses, so static 
addresses and BIP32 X-Pubs can be avoided to maintain privacy
and convenience
In short we wanted to make bitcoin more human, while at the same time
improving transaction privacy.
Full proposal here:
We look forward to your thoughts and feedback on this proposal!

Justin W. Newton
Netki, Inc.
justin at
-------------- next part --------------
An HTML attachment was scrubbed...
-------------- next part --------------
A non-text attachment was scrubbed...
Name: PastedGraphic-1.tiff
Type: image/tiff
Size: 10972 bytes
Desc: not available
submitted by dev_list_bot to bitcoin_devlist [link] [comments]

3 of the BEST Bitcoin Wallets Justin Newton from NetKi - CoinCongress 2015 How To Get A Bitcoin Wallet: Blue Wallet for iPhone and Android Wallets: From A to Hierarchically Deterministic – Dimitry “Rassah” Murashchik Three programs that are created to search for private keys from bitcoin addresses (wallet)

The new proposal is an extension of its predecessor, BIP70. Drafted by 4 people – Matt David and Justin Newton from Netki along with the Breadwallet duo, Aaron Voisine, and James MacWhyte. 14 BTC & 95,000 Free Spins for every player, only in mBitcasino’s Exotic Crypto Paradise! Play Now! Bitcoin Payments and BIP75. BIP75 calls for 3 major enhancements to the Bitcoin Payments Protocol ... A Bitcoin wallet developer would like to offer the ability to store an "address book" of payees, so users could send multiple payments to known entities without having to request an address every time. Static addresses compromise privacy, and address reuse is considered a security risk. BIP32 X-Pubs allow the generation of unique addresses, but watching an X-Pub chain for each person you wish ... The Twitter accounts of Mike Bloomberg, Elon Musk, Kanye West, and Bill Gates all posted messages encouraging followers to give to the same Bitcoin wallet. Newton explained that the integration of Payment Requests will allow users to see a green lock next to an address in the “To” field of a Bitcoin wallet. That lock helps users confirm that they’re sending bitcoin to the correct individual, organization, or company. This process is similar to the green lock found next to website URLs that have been secured via SSL and an HTTPS connection. Wallet Providers – may require personally ... BIP47 reusable payment codes by Justus Ranvier and BIP75 Out of Band Address Exchange by Justin Newton and others. Bitcoin mixing is a more labor ...

[index] [49161] [49850] [11954] [21649] [14103] [45203] [11860] [20580] [8539] [45633]

3 of the BEST Bitcoin Wallets

Justin Moon (BUIDL Bootcamp) and Stepan Snigirev (CTO Crypto Advance) rejoin me in this episode to talk about creating your own Bitcoin Hardware Wallet, and setting up Multi Signature with it ... Samourai Bitcoin Wallet Tutorial – Setup, Dojo, Send/Receive and Whirlpool Mobile Mixing - Duration: 37 ... Justin Painter Recommended for you. 40:17. BlueWallet Lightning Wallet - How does it ... Bitcoin is eating everything – How the Internet’s past can show us Bitcoin’s future – Justin Newton - Duration: 17:06. 2,566 views This video is unavailable. Watch Queue Queue. Watch Queue Queue Hardware wallets offer the most complex and robust security of any type of bitcoin wallet. That’s because the physical hardware device must be connected to a computer or smartphone to execute a ...