Zcoin, an open-source, decentralized privacy coin, has announced Receiver Address Privacy (RAP) on a desktop wallet. According to Zcoin, RAP is an implementation of Reusable Payment Codes (BIP47) originally proposed by Justus Ranvier, which enables users to share a single permanent address publicly without leakage of privacy.
It is said to work together with Zcoin’s Sigma privacy protocol to offer a complete solution for both sender and receiver privacy.
RAP is fully implemented and undergoing code review. It will go live on Zcoin’s network by the end of January next year.
Zcoin said its core team worked together with blockchain software development company Arcadia focussing on privacy preserving technologies to implement RAP.
Reuben Yap, Project Steward of Zcoin, said: “Thus far we have only seen RAP or BIP47 being implemented in a handful of mobile wallets such as Samourai, Rune and Billions. Writing BIP47 almost from scratch in C++ allows not only Zcoin to benefit but any cryptocurrency using a Bitcoin core can also adapt the work.”
For the uninitiated, Zcoin recently launched the Zcoin Crowdfunding System (ZCS) to further decentralize funding.