The world’s largest cryptocurrency exchange, Coinbase has updated its wallet with a feature that lets its users send crypto with usernames, instead of the usual addresses.
According to Coinbase’s announcement, its wallet now allows users to send crypto to dedicated usernames, for instance, @walletfan, and Ethereum Name Service (ENS) addresses like walletfan.eth.
This means there is no longer any need to worry about the complicated wallet names. Instead of typing their full-length wallet addresses, just write the username of the person who will receive the transaction and then click send button.
The ENS is an Ethereum smart contract-based distributed naming system that attributes human-readable names to cryptocurrency wallet addresses. With the new update on Coinbase Wallet, there will be no more issues for sending crypto to a wrong address, as many users complained of having copied and pasted addresses incorrectly and losing the funds.
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