Vertcoin stealth addresses allow for private transactions by generating a unique code for each payment received, so a recipient's transaction history is not publicly visible like a traditional cryptocurrency ledger. This provides privacy similar to a traditional bank account. Stealth addresses work by having each payer only see their individual transaction without seeing any other payments to the recipient's stealth address. Vertcoin is the first cryptocurrency to implement this privacy-preserving feature directly on its blockchain without relying on third parties.

1. Vertcoin Stealth Addresses (SX)
"If you’ve been following the progress of
Vertcoin, and the new technologies being
developed around it, you may have come
across something called stealth
addresses. You might be wondering what
they are, how they work, and why they're
such a big deal?"

2. Vertcoin Stealth Addresses (SX)
"One of the features that separates Vertcoin
from traditional currency is the concept of
a public ledger. Vertcoin and other crypto
currencies refer to this ledger as the
blockchain. Every Vertcoin transaction
since the coin’s inception is recorded in
the blockchain. The blockchain is freely
available and visible to everyone.”

3. Vertcoin Stealth Addresses (SX)
“After the transaction is OK’d by the
network, coin scan pass from one user’s
wallet to another. The whole process
usually only takes a few moments. It’s the
transparency of this process that makes
Vertcoin secure against manipulation, but
this openness lacks some of the basic
privacy that we take for granted in
traditional banking and financial
situations.”

4. Vertcoin Stealth Addresses (SX)
“Since all transactions can be viewed by
anyone, the full history of any wallet
address can be easily determined. This
means that if you are able to determine
who an address belongs to in the real
world, you have unrestricted access to
view all their transactions, balances,
trading partners and spending habits."

5. Vertcoin Stealth Addresses (SX)
“This could be undesirable for a number of
reasons. Someone with a record of all
your Vertcoin transactions would be able
to glean quite a bit of information about
your life. For businesses or individuals
amassing a large balance there is the
possibility of becoming a target for an
attack if someone manages to unmask
your real world identity.”

6. Vertcoin Stealth Addresses (SX)
“While the vast majority of crypto users have
no ill-intent; where there is currency, there
is theft. So how do we achieve
transactional privacy to protect Vertcoin
users? The answer is Stealth Addresses
(SX).”

7. Vertcoin Stealth Addresses (SX)
“Let’s compare using a stealth address to using a
traditional bank account. Because a bank uses a
private ledger, the transaction history of an
account is only known to the account holder and
to the bank. This means that account holders
can widely distribute their account number, and
receive any number of payments, without
exposing their account history to their payers, or
casual observers. This degree of privacy is
essentially what’s accomplished by using a
stealth address.”

8. Vertcoin Stealth Addresses (SX)
“A stealth address is generated using your Vertcoin wallet,
and any payments sent to that address generate their
own unique, one time code that is added to the record of
the transaction in the blockchain. This unique
relationship with every payer allows them to see their
transaction with you, and verify that it went through, but
they will not see any other payments that were sent to
your stealth address. This would allow a business to use
one consistent address for all their payments, without
worrying that someone was watching their transactions
with malicious intent.”

9. Vertcoin Stealth Addresses (SX)
“Vertcoin is the first crypto currency to develop
stealth addresses and implement them within
the blockchain. This is considered to be the best
solution for securing users’ privacy, because of
the decentralized nature of the network. All
previous attempts to address this privacy issue
have relied on third parties to deliver user
anonymity. The advent of stealth addresses
closes a large hole in the security and safety of
the Vertcoin network, allowing both businesses
and consumers to operate with an increased
level of privacy and security.”

10. Vertcoin Stealth Addresses (SX)
For more information, or to download your Vertcoin wallet
and start using stealth addresses today, please visit
https://www.vertcoin.org