Long Payment IDs (LPIDs) were a feature of Monero transactions that allowed users to specify a unique identifier for a transaction. This identifier could be used to track the transaction and to prevent double-spending. LPIDs were 64-byte hexadecimal strings that were generated randomly.
However, LPIDs were deprecated in Monero in 2019 due to a number of privacy concerns. For example, LPIDs could be used to link together transactions from the same user, even if the user was using different addresses. Additionally, LPIDs could be used to track the flow of funds between different users.
As a result, LPIDs were replaced by subaddresses, which provide a more secure and private way to track transactions. Subaddresses are derived from a user’s main Monero address, but they have their own unique identifier. This identifier can be used to track transactions, but it cannot be used to link together transactions from the same user.
If you are using an older version of Monero, you may still see LPIDs in your transactions. However, you should not use LPIDs for any new transactions. Instead, you should use subaddresses, which are the more secure and private option.
Here are some of the benefits of using subaddresses over LPIDs:
- Subaddresses provide better privacy.
- Subaddresses are easier to use.
- Subaddresses are more secure.
If you are using Monero, I recommend that you switch to using subaddresses as soon as possible. This will help to improve your privacy and security.