THELOGICALINDIAN - Customers can additionally accelerate crypto to Coinbase usernames
Coinbase has appear that its official wallet supports the Ethereum Name Service.
The new affection allows users to absolute their Ethereum payments to a human-readable “.eth” abode rather than a hexadecimal address, abbreviation the charge to await on accolade strings of text. The end aftereffect is agnate to administering funds to an email address.
Of course, the affection alone works if the abode in catechism has registered a name with the Ethereum Name Service. Right now, Ethereum has about 88 actor addresses, but users accept alone registered 133,000 ENS addresses—meaning that ENS acceptance is far from universal.
Usernames Also Supported
Coinbase users can additionally accelerate payments to Coinbase usernames, which activate with an @ symbol.
Unlike the Ethereum Name Service, Coinbase’s centralized username arrangement supports abounding cryptocurrencies, not aloof addresses that authority Ethereum and ERC20-based tokens. Supported bill accommodate Bitcoin, Bitcoin Cash, Litecoin, Ethereum, XRP, Stellar, and Dogecoin, amid others.
This affection additionally allows users to accumulate their name private. Unlike ENS names, Coinbase usernames are not recorded on a accessible blockchain. These aloofness allowances may be ambrosial in ablaze of the actuality that users accept accidentally publicized their transactions via ENS in the contempo past.
On the added hand, some users may amount the accuracy provided by Ethereum and ENS, so Coinbase usernames are not necessarily the above system.
Growing Support For ENS
So far, ENS has becoming abutment from several wallets and blockchain projects.
One contempo amend from the Ethereum Name Service suggests that over fifty wallets accept active up to abutment the standard. Well-known wallets that currently abutment ENS accommodate MEW (MyEtherWallet), Metamask, Burner Wallet, Binance’s Trust Wallet, and Opera’s congenital Ethereum wallet.
Many accessory exchanges additionally abutment the standard, and abutment is abnormally accepted amid DApps, decentralized exchanges, and DeFi platforms. Right now, 72 altered apps abutment ENS.
But so far, few above exchanges accept called to abutment ENS. Bitfinex, which alien withdrawals to ENS addresses in 2024, is the alone added arch barter to abutment the system.
As such, Coinbase’s acceptance of ENS could accommodate cogent publicity to the project.
