probably? Normally you’d just say “send $5 to xyz” and the user copy-pastes the number and address to their wallet. It’s like sending a wire transfer.
Firstly, it pollutes the blockchain with single use addresses
UTXO blockchains like Bitcoin were designed with the assumption that each address will only be used for 1 transaction for privacy reasons. There are no per-address fees to cash out. The fees sorta scale with how many UTXOs (incoming transactions) you’re combining to form an outgoing transaction.
Yep, I understood that. My point is cashing out 500 payments from single use wallets leads to 500x the transaction fees versus 1 main wallet, right. The customers would anyway pay the incoming fees, but outgoing gets expensive esp for smaller txes. Why is this optimal for a store?
Comments
probably? Normally you’d just say “send $5 to xyz” and the user copy-pastes the number and address to their wallet. It’s like sending a wire transfer.
UTXO blockchains like Bitcoin were designed with the assumption that each address will only be used for 1 transaction for privacy reasons. There are no per-address fees to cash out. The fees sorta scale with how many UTXOs (incoming transactions) you’re combining to form an outgoing transaction.
Yep, I understood that. My point is cashing out 500 payments from single use wallets leads to 500x the transaction fees versus 1 main wallet, right. The customers would anyway pay the incoming fees, but outgoing gets expensive esp for smaller txes. Why is this optimal for a store?