ENS arrives on Coinbase wallet
ENS arrives on Coinbase wallet
Crypto

ENS arrives on Coinbase wallet

By Alfredo de Candia - 26 Feb 2020

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As of yesterday, it is possible to use the Coinbase wallet with Ethereum (ETH) addresses via the simple ENS (Ethereum Name Service) to facilitate the sending and receiving of funds.

One of the problems related to most blockchains is the sending and receiving address which, as designed, is a long alphanumeric string that is difficult to remember by heart and that is prone to errors when transcribing it.

A solution to this is offered by the ENS (Ethereum Name Service) which allows the address to be transformed into a readable and easy to remember format, with .eth as an extension, based on the blockchain. 

The same Vitalik Buterin uses this system directly on his official Twitter account to promote the service and give an example of how it can be integrated into other platforms.

How to use ENS on the Coinbase wallet 

Thanks to this new service integrated into the Coinbase wallet, users will be able to send and receive all Ethereum-based cryptocurrencies and tokens. Additionally, Coinbase supports crypto assets such as Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), Ethereum Classic (ETC), XRP, Stellar Lumens (XLM) and Dogecoin (DOGE). 

Users can buy their own .eth address directly on the website or on the Coinbase app itself.

ENS and the privacy issue 

Although this is an interesting service that facilitates the exchange of assets, there is still the problem of privacy: as seen recently, it is all too easy to associate the address to a specific person and use this information against the owner, which is why users are encouraged to use ENS wisely and not as the main address of their funds.

 

 

Alfredo de Candia
Alfredo de Candia

Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.

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