BitBox Lugano Update is here! 🎉
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 👇
🔒 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 👇
When sending Bitcoin to Pocket, you won't see a Bitcoin address! 😱
Instead, the BitBox02 will cryptographically verify that the payment request came from Pocket.
On the BitBox02, you will see 'Pocket' as the destination and your IBAN as a memo.
No need to check addresses.
As soon as your transaction to Pocket has 3 onchain confirmations, they will send out the money to your bank account.
If your bank account supports instant transactions, the whole transaction can take less than 30 minutes!
We are incredibly happy to have found such an amazing partner in @PocketBitcoin, who are just as interested in advancing the security and usability of Bitcoin as us.
Check out our newest Livigno update with all details here:
