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Can crypto addresses be simplified?


xtinepink

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Posted

Hey there stakers!

Some people do not understand cryptocurrency, and not all people understand how this works especially those needs to understand about the technology. 

How about doing transactions in cryptocurrencies, other people either you trade or just making some transactions like sending or depositing is also hard when you mistakenly send to a wrong address. The crypto address are even hard to memorize. I believe no one even does that right? 

I was wondering why is it like that? Can addresses be just simplified? 

I saw an article about that, you might wanna check it here: 

source: 

https://www.forbes.com/sites/rachelwolfson/2018/05/30/human-readable-addresses-will-simplify-sending-cryptocurrency-transactions-in-the-blockchain/#fda783c62684

 

Posted

Yeah it really bugs me too, that it's always that stupid long address you never will remember, also some addresses are changeable which makes it even more confusing. 😛

Posted

Using a third party service to "simplify" your address makes you lose privacy, and let them know how much you spend. It is a no-no for me.

  • 1 month later...
Posted

Lol you are right. Whenever i want to get a payment i should go into the wallet type my 2fa then confirm my email and then the phone verification. So i copy pasted it and put it in my Snote in my phone so its easier

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