Coinbase crypto wallet now supports Ethereum Name Service (ENS) addresses

Coinbase today announced support for Ethereum Name Service (ENS) addresses.

ENS is a distributed, open, and extensible naming system based on the Ethereum blockchain. ENS maps human-readable names like techsutram.eth to a long string of hash character address.

Similar to DNS,  Ethereum Name Service has top-level domains. e.g. domains like '.eth' and '.test' are owned by smart contracts called registrars.

Executive Opinion

In the blog post announcement, Product Lead, Coinbase Wallet and Coinbase Commerce, Sid Coelho-Prabhu, "Wallet users often tell us how cumbersome it is to deal with long and nonsensical crypto addresses like 0x89136a83664fa0673930be34463e444260775dc or 3GVBSgLLLjAoNRKxw5hm7kANN2P2mEQJy . They also tell us how stressful it is to send money with the fear of having copied and pasted addresses incorrectly."

Coinbase Wallet and ENS

Considering the advantage of human-readable text for blockchain addresses, Coinbase has integrated with ENS to support canonical names for crypto addresses as well as their wallet address e.g. @tsm 

The support for canonical names (ENS) brings the convenience of fintech apps to the crypto users. This may further enhance the adoption of Cryptocurrencies among users who find it difficult to deal with cryptic blockchain addresses.

Cryptocurrencies like  Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Ethereum Classic, XRP, Stellar Lumens, Dogecoin, and all ERC20 tokens (including USDC and DAI) can now be transferred to the users with the help of canonical addresses, notes the announcement.