What is a "paynym"? - page 2. | Bitcointalksearch.org

nc50lc

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Quote from: NotATether on January 04, 2023, 02:55:29 PM

...oh, BIP47.

What exactly are the the advantages or use cases of paynyms over regular addresses, because from my observation, this code is 5x as long as a regular address(?) Something to do with Coinjoin?

Just for convenience purposes and it prevents address reuse.
Once linked, you can easily select the user's PayNym to send to his unused address without requesting for new ones.

BTW, that's the behavior in Sparrow, IDK how it is in other clients.

ImThour

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Quote from: NotATether on January 04, 2023, 02:55:29 PM

Quote from: ImThour on January 04, 2023, 02:50:02 PM

This is what I got from Internet.

Quote

A Paynym address is a unique identifier that is used to send and receive payments on the Paynym network. It is similar to a bank account number or a bitcoin address, and it consists of a string of characters that can be used to identify a specific user on the Paynym network. Paynym addresses are designed to be private and secure, and they can be used to send and receive payments anonymously.

https://paynym.is/ - This is public directory of BIP-47 Payment codes.
Address format is like this:

Code:

PM8TJfN1Sa3a2z82j2adhSEcxxnomDj29mxouJVRSxtVT9yw4jM9cFLXGHPZobJ29X5zt2Pv7hwgnEwsqkjzBbdz9q2u2wvdfqevoE1NhShsvgHjUYDm

...oh, BIP47.

What exactly are the the advantages or use cases of paynyms over regular addresses, because from my observation, this code is 5x as long as a regular address(?) Something to do with Coinjoin?

I guess none, because it provides anonymity which is what Bitcoin's regular address does.

NotATether

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Quote from: ImThour on January 04, 2023, 02:50:02 PM

This is what I got from Internet.

Quote

A Paynym address is a unique identifier that is used to send and receive payments on the Paynym network. It is similar to a bank account number or a bitcoin address, and it consists of a string of characters that can be used to identify a specific user on the Paynym network. Paynym addresses are designed to be private and secure, and they can be used to send and receive payments anonymously.

https://paynym.is/ - This is public directory of BIP-47 Payment codes.
Address format is like this:

Code:

PM8TJfN1Sa3a2z82j2adhSEcxxnomDj29mxouJVRSxtVT9yw4jM9cFLXGHPZobJ29X5zt2Pv7hwgnEwsqkjzBbdz9q2u2wvdfqevoE1NhShsvgHjUYDm

...oh, BIP47.

What exactly are the the advantages or use cases of paynyms over regular addresses, because from my observation, this code is 5x as long as a regular address(?) Something to do with Coinjoin?

ImThour

copper member

Activity: 1386

Merit: 1481

Bitcoin Bottom was at $15.4k

This is what I got from Internet.

Quote

A Paynym address is a unique identifier that is used to send and receive payments on the Paynym network. It is similar to a bank account number or a bitcoin address, and it consists of a string of characters that can be used to identify a specific user on the Paynym network. Paynym addresses are designed to be private and secure, and they can be used to send and receive payments anonymously.

https://paynym.is/ - This is public directory of BIP-47 Payment codes.
Address format is like this:

Code:

PM8TJfN1Sa3a2z82j2adhSEcxxnomDj29mxouJVRSxtVT9yw4jM9cFLXGHPZobJ29X5zt2Pv7hwgnEwsqkjzBbdz9q2u2wvdfqevoE1NhShsvgHjUYDm

Steps to generate a Paynym address:
- Install Samourai Wallet
- Claim Your PayNym

- Meet your new PayNym Bot

Source: https://paynym.is/claim

NotATether

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bitcoincleanup.com / bitmixlist.org

A few days ago, someone asked me to send them a paynym address. They mentioned that you can create one in such wallets such as Samourai and Sparrow Wallet. But two things are unclear to me:

Since this is not an address type, what exactly is it?
And how exactly can I generate one with any wallet?

Topic: What is a "paynym"? - page 2. (Read 444 times)