One thing I love about Nostr is we go from #clientwars to nostr:npub1v5ufyh4lkeslgxxcclg8f0hzazhaw7rsrhvfquxzm2fk64c72hps45n0v5 rewinds in 24 hours.
Building tomorrow can be enjoyed today. Whether it’s friction or fun, enjoy the ride!
True and enlightened.
Guide on How to Use PayJoin (BIP78)
PayJoin (P2EP) is a privacy-enhancing Bitcoin transaction protocol. It helps obscure the transaction trail by having both the sender and receiver contribute inputs to the transaction. Here’s a step-by-step guide:
Step 1: Understand the Basics
• What is PayJoin?
A protocol allowing sender and receiver to combine inputs, improving privacy by making the transaction indistinguishable from regular ones.
• Why Use It?
• Enhances privacy for both sender and receiver.
• Breaks common transaction tracking heuristics.
Step 2: Check Prerequisites
• Wallet Support
Ensure both sender and receiver use wallets that support PayJoin (e.g., Wasabi, Samourai, BTCPay Server, BlueWallet).
• Merchant Support
If sending to a merchant, confirm they accept PayJoin.
Step 3: Sender’s Setup
1. Choose a Wallet
Use a PayJoin-compatible wallet.
2. Prepare Inputs
Ensure sufficient Bitcoin balance in your wallet.
3. Initiate Payment
When scanning or entering the merchant’s invoice, ensure the wallet recognizes it as PayJoin-enabled.
Step 4: Receiver’s Setup (Merchant/Individual)
1. Install PayJoin-Compatible Server
• Use tools like BTCPay Server or a compatible wallet with PayJoin integration.
• Configure your payment system to enable PayJoin.
2. Generate Invoice
Create a standard invoice as usual. PayJoin functionality is embedded seamlessly.
Step 5: Execute the PayJoin Transaction
1. Sender Sends Transaction Proposal
The sender’s wallet proposes a transaction and sends it to the receiver’s PayJoin endpoint.
2. Receiver Adds Inputs
The receiver’s wallet or server adds its inputs to the transaction, creating a PayJoin transaction.
3. Transaction Broadcast
The updated transaction is signed and broadcast to the Bitcoin network.
Step 6: Verify Transaction
• Confirm the transaction is successful on the Bitcoin blockchain.
• Both sender and receiver should verify the amount and confirm privacy enhancements.
Step 7: Best Practices for Enhanced Privacy
• Avoid reusing Bitcoin addresses.
• Use CoinJoin or other mixing services for additional privacy if needed.
• Regularly update wallet software for the latest PayJoin support.
By following these steps, you can seamlessly use PayJoin for more private Bitcoin transactions.
#payjoin #bitcoin #bip78 #nostr #wallet
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Wish you happy new year 🎊 and hope more people joining this incredible journey of future social
Media .
Welcome Abi to Damus and decentralized social
Media . More success to come in 2025. nostr:note1vs97h2vgpeayw75k2v48r6wgpnjhjya3dlpscwd62933sw28qtcskvnz46
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Here’s to a year filled with new opportunities, meaningful connections, and boundless happiness. Together, we can make this year extraordinary!
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Beautiful see you next year
Stay humble
You are not wrong .
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