Netki Wants to Replace Bitcoin Addresses with Wallet Names

One of the main issues that has slowed the adoption of Bitcoin as a currency and payment system has been the complexity of Bitcoin addresses.

Wants to help people move away from confusing Bitcoin addresses, such as 15eA82FZLogpSb8nkQ5h5qaF3QNEwSeyCm, toward human-readable names such as kyletorpey.

Any bitcoin user would be able to send bitcoin to anyone else as easily as a Gmail user can send an email to someone using a web browser.

We’d love to see OneName support Wallet Names where they currently support bitcoin addresses.

Privacy and anonymity are still desirable features for a large number of bitcoin users.

“The combination of HD Wallets and Payment Requests with Wallet Names increases the privacy and security of sending bitcoin, while at the same time making it more user friendly and reassuring to end users,” Newton said.

In addition to ChangeTip, Netki has also partnered with Gem, Snapcard, Purse.io, ShapeShift, BitQuick, Coinprism, Fold App, and many other companies in the Bitcoin space.

This article was summarized automatically with AI / Article-Σ ™/ BuildR BOT™.

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