diff --git a/README.md b/README.md
index b8907a9d..4602bd17 100644
--- a/README.md
+++ b/README.md
@@ -21,4 +21,5 @@ Please check out existing EIPs, such as [EIP-1](eip-0001.md), to understand the
 | [EIP-0025](eip-0025.md) | Payment Request URI |
 | [EIP-0027](eip-0027.md) | Emission Retargeting Soft-Fork |
 | [EIP-0031](eip-0031.md) | Babel Fees |
-| [EIP-0039](eip-0039.md) | Monotonic box creation height rule |
\ No newline at end of file
+| [EIP-0039](eip-0039.md) | Monotonic box creation height rule |
+| [EIP-0041](eip-0041.md) | Stealth address standard |
diff --git a/eip-0041.md b/eip-0041.md
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@@ -0,0 +1,139 @@
+# EIP-41 Stealth Address Standard
+
+* Author: ross-weir
+* Status: Proposed
+* Created: 16-Dec-2022
+* Last edited: 17-Dec-2022
+* License: CC0
+* Forking: not needed
+
+## Motivation
+
+This specification defines a standardized way of implementing and interacting with stealth addresses on the Ergo blockchain.
+
+Stealth addresses enable recipients of a payment to remain anonymous when receiving funds thus providing financial privacy should an actor desire it.
+
+## Scenario
+
+An actor, `Receiver`, wishes to receive a stealth payment so they generate a public address and share it.
+
+An actor, `Sender`, wishes to make a stealth payment to `Receiver` so they create a box protected by a "one-time-secret" generated from the `Receiver`s public address. Due to the method of generation this box will be spendable by `Receiver` and cannot be linked to the `Receiver`s public address they shared.
+
+## Stealth address specification
+
+The implementation suggested in this EIP was posted by `scalahub` in a thread on `ergoforum.org` [[1]](#1) and is outlined below.
+
+**Script protecting stealth boxes:**
+
+```scala
+{
+    // ===== Contract Information ===== //
+    // Name: EIP-0041 Stealth address contract
+    // Version: 1.0.0
+    val gr = SELF.R4[GroupElement].get
+    val gy = SELF.R5[GroupElement].get
+    val ur = SELF.R6[GroupElement].get
+    val uy = SELF.R7[GroupElement].get
+
+    proveDHTuple(gr,gy,ur,uy)
+}
+```
+
+**Script ErgoTree:**
+
+```
+1000cee4c6a70407e4c6a70507e4c6a70607e4c6a70707
+```
+
+**Generation of stealth box registers [[5]](#5):**
+
+```typescript
+const g = new EC("secp256k1").g; // group element generator
+const u = receiverPublicKey;
+const r = BigInt(rand(32));
+const y = BigInt(rand(32));
+const gr = g.mul(r); // gr = g^r = R4
+const gy = g.mul(y); // gy = g^y = R5
+const ur = u.mul(r); // ur = u^r = R6
+const uy = u.mul(y); // uy = u^y = R7
+```
+
+**Box register declarations:**
+
+- Register `R4`
+  - Type: `SConstant[SGroupElement]`
+  - Value: gr = g^r
+- Register `R5`
+  - Type: `SConstant[SGroupElement]`
+  - Value: gy = g^y
+- Register `R6`
+  - Type: `SConstant[SGroupElement]`
+  - Value: ur = u^r
+- Register `R7`
+  - Type: `SConstant[SGroupElement]`
+  - Value: uy = u^y
+
+> 📝 As discussed in the `ergoforum` discussion [[1]](#1) this register declaration is larger in size than that originally proposed by `kushti` but possesses the useful property that it could look like a legitimate use-case.
+
+## Public key generation
+
+Public keys used for `Receiver` stealth addresses should be generated following `EIP-3` [[6]](#6) so they are deterministic and payments made to `Receiver` can be retrieved after a fresh wallet restore.
+
+## Scanning for spendable stealth boxes
+
+All stealth boxes created following this standard will be located at the encoded address `2pxnLshTr2aL5t3QFd6ScSEHC5Jk6EpnMRzGb3`. In order to discover spendable stealth boxes a wallet would need to check the following for each box at this address:
+
+```ts
+const gr = stealthBox.R4;
+const gy = stealthBox.R5;
+const ur = stealthBox.R6;
+const uy = stealthBox.R7;
+const x = receiverSecretKey; // the secret key corresponding to the public key shared by `Receiver`
+const isSpendable = ur.eq(gr.mul(x)) && uy.eq(gy.mul(x));
+```
+
+> ⚠️ All stealth boxes being located at `2pxnLshTr2aL5t3QFd6ScSEHC5Jk6EpnMRzGb3` is a potential scalability issue related to this EIP. Wallets/indexing services will need to ensure stealth box scanning implementations are efficient.
+
+## Stealth address encoding
+
+To provide users of Ergo a seamless experience when interacting with stealth addresses there needs to be a way for wallets/applications to detect a `Receiver` is requesting a stealth payment. If a `Receiver` shares a standard `P2PK` address, for example, there is currently no way for a wallet to know that the user wants to receive a stealth payment.
+
+To address this issue we propose adding a new `AddressType`.
+
+Currently Ergo uses:
+
+```ts
+enum AddressType {
+    P2PK = 1,
+    P2SH = 2,
+    P2S = 3
+}
+```
+
+We propose adding a new address type of `AddressType.P2SA`:
+
+```ts
+enum AddressType {
+    P2PK = 1,
+    P2SH = 2,
+    P2S = 3,
+    P2SA = 4
+}
+```
+
+This will allow `Sender`s wallet to detect that a `Receiver` is requesting a stealth payment like so:
+
+```ts
+const isStealthAddress = headByte & 0xf == AddressType.P2SA
+```
+
+And the `Sender`s wallet can construct the stealth transaction accordingly.
+
+## References
+
+- <a id="1">[1]</a> [Stealth Address Contract (ergoforum)](https://www.ergoforum.org/t/stealth-address-contract/255)
+- <a id="2">[2]</a> [ErgoScript by example](https://github.com/ergoplatform/ergoscript-by-example/blob/main/stealthAddress.md)
+- <a id="3">[3]</a> [Stealth-doc (ERGOHACK III aragogi)](https://github.com/aragogi/Stealth-doc)
+- <a id="4">[4]</a> [Ethereum (EIP-5564)](https://eips.ethereum.org/EIPS/eip-5564#:~:text=A%20Stealth%20address%20is%20generated,compute%20the%20matching%20private%20key.)
+- <a id="5">[5]</a> [TypeScript stealth address example](https://github.com/ross-weir/ergo-stealth-address-example/blob/main/index.ts)
+- <a id="6">[6]</a> [Ergo (EIP-0003)](eip-0003.md)