Breaking News
Investing Pro 0
🚨 Our Pro Data Reveals the True Winner of Earnings Season Access Data

Coinbase Announces Ethereum Name Service (ENS) Integration

Cryptocurrency Sep 23, 2022 00:10
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
Coinbase Announces Ethereum Name Service (ENS) Integration
 
ETH/EUR
+6.07%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
ETH/USD
+6.07%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
ETH/USD
+6.07%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
ETH/EUR
+5.25%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
ETH/JPY
+5.32%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
ETH/GBP
+5.58%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

Coinbase (NASDAQ:COIN) Global Inc (NASDAQ: COIN) announced Wednesday it would accept Ethereum (CRYPTO: ETH) Name Service domains to be linked to wallets on its platform.

What Happened: ENS has become uber-popular among crypto users, specifically users with non-custodial wallets. The move to the Coinbase platform will bring the name service to a much larger pool of users.

Perhaps, most importantly, the new users will be able to purchase domain names with fiat, reducing friction further for the 103 million users on Coinbase.

This integration is the first name service to become available on Coinbase and is likely to push ENS's lead in this sector.

Why It's Important: ENS is an important protocol for identification, transaction and overall adoption in Web3.

“Just like how domain providers on the web enable anyone to easily register a name and then build a website that suits their needs, we aim to do this in Web3," said Nick Johnson, a lead developer for ENS.

"Everyone in and outside of the crypto space has observed how long, impossible-to-remember wallet addresses are a risk to users and a terrible user experience," Johnson noted. "Human-readable decentralized identities are the key to driving adoption so that operating in Web3 eventually becomes as commonplace and easy as operating in Web2.”

ENS domains collaborating with Coinbase is big news for both parties, but the biggest winners are users looking for a more simplistic experience in Web3.

Photo: Akif CUBUK via Shutterstock

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Coinbase Announces Ethereum Name Service (ENS) Integration
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email