On June 26, Cake Pockets reported by means of its X account that faces technical issues with the operate of silent funds after the replace to model 5.0.1. In line with the workforce, a regression on this function has interrupted synchronization for many customers who use it, affecting their capacity to scan transactions. The corporate defined that the ruling doesn’t compromise the security of the funds, however the scan performance, and introduced that it’s allocating extra sources to resolve it within the subsequent few days, with a patch that might be built-in into the following model 5.1 or a minor launch.
The issue arose after Cake Pockets tried to broaden this privateness know-how to greater than 600,000 customers. The builders acknowledged that the answer It isn’t so simple as they anticipated and apologized for delayshighlighting that the implementation of superior applied sciences resembling silent funds, reported by cryptootics, entails inherent challenges. The corporate additionally identified that it has an replace that doesn’t embody correction, however that works in parallel within the association.
Nevertheless, not everybody shares the identical evaluation of the scenario. A consumer questioned the viability of silent funds in Cake Pockets, suggesting that know-how might be dealing with limits inherent in its design or implementation. In line with this consumer, the perfect technical answer was to have applied from the start the method contained within the Bitcoin enchancment proposal referred to as BIP 47, referred to as «Reusable fee codes for hierarchical deterministic wallets».
This BIP defines a way to create a fee code that may be publicly marketed and related to an actual identification with out creating the lack of safety or privateness inherent within the reuse of P2PKH addresses.
Bitcoin enchancment proposal (BIP0047).
The motivation after the creation of BIP 47 is described as follows: «Fee codes add identification data to transactions, which is helpful within the interplay between service provider and consumer, whereas defending the privateness of customers. They provide the privateness benefits of the Darkwallet kind instructions to SPV prospects with out the necessity for an entire confidence node and, on the identical time, significantly scale back the dependence on blockchain storage ».
This enchancment proposal is outdated: it started on April 24, 2015. It was final up to date on February 15, 2021, being in its closing model.
Reusable fee codes have been extra standard on the time, however right now they function a technical reference for the development of personal funds, and silent funds appear to fulfill present wants extra effectively.
For instance, BIP 47 fashion transactions require sending a previous notification transaction. That is outlined as sending an output to a notification tackle that features a included fee code. However, silent funds make the most of the data current in Bitcoin transactions, utilizing public keys and computerized derivations to generate distinctive addresses, No want for extra interplay.
Silent funds permit customers to obtain transactions by means of a reusable tackle that mechanically generates distinctive instructions in Bitcoin, preserving privateness with out the necessity for fixed interplay with the issuer. This performance is related as a result of it reduces the chance of route reuse, an element that may expose spending patterns and hyperlinks between transactions, affecting the confidentiality of customers in a community the place pseudonymy is essential.
(Tagstotranslate) Bitcoin BIP
