What are stealth addresses in Monero?

Started by nohar43029, Jun 03, 2024, 09:23 AM

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nohar43029

What are stealth addresses in Monero?

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Stealth addresses are a privacy-enhancing feature used in Monero to provide anonymity for recipients of transactions. Here's how stealth addresses work in Monero:

1. **Unique Addresses for Each Transaction**: When a user wants to receive Monero (XMR), they generate a unique, one-time stealth address. This stealth address is derived from the recipient's public address (the address the sender uses to send funds) and a random number generated for each transaction. As a result, each transaction has its own unique stealth address.

2. **Sender's View Key**: When a sender initiates a transaction to a recipient, they use the recipient's public address to generate a one-time stealth address. This stealth address is included in the transaction details along with the amount of Monero being sent.

3. **Only Recipient Can Identify Transaction**: The recipient is the only party who can identify that a transaction has been sent to them. They do this by scanning the blockchain with their private view key, which corresponds to their public address. When they find a transaction with their unique stealth address, they can decrypt it to retrieve the funds.

4. **Privacy for Recipients**: Stealth addresses provide privacy for recipients by ensuring that each transaction they receive has a unique and unlinkable address. This prevents outside observers from being able to determine the recipient's identity or track their transaction history on the blockchain.

Overall, stealth addresses in Monero enhance privacy for recipients by generating unique, one-time addresses for each transaction. By using stealth addresses, Monero ensures that recipients can receive funds privately and anonymously, without compromising their identity or transaction history.

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