PayNym: Use PayNym Bot For Reusable Bitcoin Payment Code?
It is time you got your Bot, as it is waiting for you on the PayNym platform to claim it. The PayNym Bot has been designed as a memorable and also friendly character that has been uniquely generated from a hash of your BIP47, the reusable payment code. It is a friendly face that is unique to you.
What Is PayNym?
The platform has been designed with a much better Bitcoin contact list, one that has been supported by the bitcoin wallets. It is able to send your PayNym Bot instead of the hustle of scanning a QR code all the time. There is no address reuse, and there is not unneeded metadata leaking while using this platform. And this is not all as you can browse the directory to find the necessary Bots you are able to add to your contact list.
What we are saying is your bot is the one that will work for you. It will handle the whole process of creating a unique bitcoin address for the other Bots that are on your contact list. The Bots have been designed in a way that they will not reuse addresses as this would hurt your privacy during transacting. And the other best part about the Bot is that it will not reveal your history or even balance to anyone else when sending to another Bot.
How PayNym Bot For Reusable Bitcoin Payment Code Works
Your Bot Is Unique
Your Bot has been designed to be unique to you. A Bot is a visual representation of a valid BIP47 payment code. The BIP47 wallet can produce a unique code that will never change so that you can share it publicly and when another compatible wallet scans the code it will be able to generate a unique unused address. This way it will not reveal any previous balance or even transaction history.
A Bot gets created when you get a valid BIP47 code and also applying a hashing algorithm which aids in producing a unique fingerprint which will be used in the creation of the Bot image and identifier. So what this means each Bot that is created on the platform is unique.
Your Bot Is Stealthy
Your Bot has been designed to be stealthy. With this platform, we can safely say goodbye to the days where you would reveal your transaction and balance history to the whole world. The transactions that are carried out on the platform are always valid Bitcoin transaction that is immediately sent and confirmed on the blockchain technology.
Then from here a unique Bitcoin address is generated behind the scenes of your wallet for each transaction that your Bot handles. The address that is generated will not be reused in another trade and it is only known by the receiver and sender, talk about being stealthy.
The Bot You Have Is Yours Alone
The Bot the system generates is yours solely, you can control it and even manage using the client-side wallet software. It has been designed in a way that only the provable owner of the private key will interact with the Bot. The company has made sure that the Bot you are using is not an intermediary or even a third party service, as your wallet is the only one with the private key that is needed to control it.
A platform that has taken the necessary steps to ensure your identity and transaction history is kept away from the prying eyes of the net is one to be a part of. So go ahead and claim your Bot all you need is a supported bitcoin wallet and you can enjoy the features the Bot has been designed with.