4

It is often said that, due to the natural transparency of the blockchain, one should have a multi-address wallet and try to not reuse addresses, so that the user's transactions are not so easily revealed.

Now, it seems at some point we will have the Confidential Transactions feature implemented in Core. So, when this moment arrives, will we be able to reuse addresses? Will it be safe to use a mono-address wallet?

2 Answers 2

6

My understanding of confidential transactions is that it only hides the amounts, not the addresses involved (someone please let me know if this is not the case).

Since only the amount is hidden, reusing the same address would still connect your various transactions together, linking them as likely involving the same user.

4
  • you mean because they would know who are you transacting with? or because you can always know the total balance of an address regardless of CT usage?
    – knocte
    Jan 14, 2016 at 23:28
  • You can't know the balance of an address if CT is being used, but you can still know if it's being used or not.
    – morsecoder
    Jan 14, 2016 at 23:29
  • ok, that's good enough for me, thanks for the answer
    – knocte
    Jan 14, 2016 at 23:31
  • No problem. Don't forget that ole green check mark if this answered your Q ;)
    – morsecoder
    Jan 14, 2016 at 23:33
1

I wouldn't advice that. That still leaves a huge amount of meta data visible to everyone.

Also, why would you. HD wallets are very well supported these days.

2
  • what does HD stand for?
    – knocte
    Jan 14, 2016 at 15:33
  • 2
    Hierarchical deterministic wallet.
    – morsecoder
    Jan 14, 2016 at 16:33

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service and acknowledge you have read our privacy policy.

Not the answer you're looking for? Browse other questions tagged or ask your own question.