TLDR Crypto · INNOVATION & LAUNCHES

ERC-5564 AND ERC-6538 PAVE THE WAY FOR STEALTH ADDRESS PAYMENTS

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Summary from the TLDR Crypto newsletter

ERC-5564 and ERC-6538 introduce stealth address payments on Ethereum, providing Monero-like privacy by allowing transactions to be received at one-time, non-reusable addresses generated via cryptographic methods to enhance user privacy. Using this approach, transaction histories aren't visible to the public, which would cater to the next billion users who prefer confidential transactions and enable a range of use cases, from private payments to discrete NFT transfers.