XST, or Stealth, refers to a privacy-focused feature used in some cryptocurrencies to enhance transaction anonymity. It allows users to send and receive coins without revealing their wallet addresses to outside observers.When a transaction is made using XST, the sender creates a unique one-time address for the recipient. This means that the actual wallet address remains hidden, making it difficult for anyone to trace the transaction back to the users involved.This approach helps maintain privacy by preventing the accumulation of transaction history linked to a single address. As a result, XST is particularly appealing to those who value secure and private financial interactions.Overall, the use of stealth addresses helps protect users’ identities and balances from being exposed, fostering a more private financial environment.
Bit Digital Acquires 31,057 ETH Through $150M Convertible Notes Offering
Bit Digital Inc. (Nasdaq: BTBT) has purchased 31,057 Ether (ETH) using proceeds from its recently completed $150 million convertible notes