At BitBox, we want to make sure our users can take advantage of the newest innovations on Bitcoin. With today’s update, we are adding support for two great Bitcoin features:
- Silent Payments
- MiniTapscript
🔒 Silent Payments Upgrade
With this update, the BitBox02 is now the first hardware wallet to support sending to silent payment addresses. This means you can send bitcoin to the same address multiple times, without the sender losing privacy. No need to constantly generate new addresses!
🔧 Just enter a silent payment address in the BitBoxApp, and the transaction is created together with your BitBox02.
The BitBoxApp then verifies the silent payment was created correctly by the BitBox02 for extra security.
🔑 This update also brings MiniTapscript, combining the privacy and efficiency of Taproot with the power of Miniscript. It’s perfect for creating more complex wallet setups like inheritance planning, while keeping transactions smaller and more private.
What is MiniTapscript?
Miniscript is a language that simplifies creating advanced Bitcoin spending conditions, like combining keys or setting time delays (great for inheritance planning).
MiniTapscript adds Taproot’s privacy and efficiency to Miniscript. Only the part of the script actually used to spend the coins is revealed, which reduces transaction size, lowers fees, and improves privacy.
With MiniTapscript, only the necessary parts of the script are revealed, making transactions more efficient and lowering fees. It’s available now in firmware version 9.21.0.
What else is included in our upgrade? Read more in the blogpost in the comment 👇