For most users, one of the most scary features while transacting with cryptocurrencies is to correctly enter long hexadecimal addresses.
Many have tried to tackle this problem that induces a lot of anxiety and apprehension in users, so that the adoption of Bitcoin can grow. The last to tackle this problem was Coinbase.
Send cryptocurrencies directly to the @Username of the Coinbase Wallet
The San Francisco Coinbase-based cryptocurrency exchange platform now offers users a new way to exchange cryptocurrencies through its applications, that is, using short, "human-friendly" addresses.
Each user has a name like @Username which can now act as an address in order to easily receive crypto transfers from other users of the app, instead of providing their full cryptographic address.
This new feature is compatible with all currencies already supported by Coinbase, including bitcoin, bitcoin cash, XRP ripple, litecoin, ethereum, dogecoin and all ERC20 tokens. Those who are concerned about privacy, must know that the app has been updated with a new privacy button, present in the settings menu and that allows you to keep your username private, to prevent third parties from looking for it.
“Wallet Coinbase owners often tell us that it is very complicated to manage long and meaningless cryptographic addresses like 0x89136a83664fa0673930be34463e444260775dc or 3GVBSgLLLjAoNRKxw5hm7kANN2P2mEQJy. They also tell us that it is stressful to send money with the fear of having copied and pasted the addresses incorrectly, "explained Sid Coelho-Prabhu, Product Lead of the Coinbase Wallet. "Easy-to-remember addresses help solve these problems."
Ethereum Name Service with multi-currency support
Meanwhile, the Coinbase Wallet is also integrating Ethereum Name Service (ENS), which means users can now send cryptocurrencies to .eth addresses. Not only does ENS support payments in ETH, but also in BTC, BCH, LTC and many more, including all crypto currencies currently supported by the Coinbase Wallet.
ENS is an open source project managed by a non-profit organization, mainly supported by grants from the Ethereum Foundation. This did not have an ICO and had no investors with whom invest. Its developers see it as a key component of the decentralized web. Over 50 wallets have expressed their support for integrating ENS into their apps.
The developers of the Coinbase Wallet app believe that these improvements will make cryptocurrency much easier to use and thus help encourage the adoption by a more mainstream audience of crypto currencies.
Coelho-Prabhu added: “There are now services that allow you to associate a short name with your cryptographic addresses. We are happy to integrate them into the experience of the Coinbase portfolio. Now users can easily send money to friends and business partners as they do with traditional payment apps, albeit globally and in cryptocurrency. "
What do you think of the Coinbase Wallet and the fact that it has added support for short, easy-to-type addresses? Please let us know in the comments section below.
