Tezos considers introducing domain names to the list of services and also considers vanity addresses thanks to the latest initiative from the blockchain community. In our latest Tezos news we can see that Tezos could also introduce human-readable addresses in the near future in order to boost the usability of the blockchain.
Blockchain name services are a huge step forward for usability compared to the email addresses or the website domains. Getting inspired by Ethereum, Tezos considers introducing domain names and readable addresses thanks to the new proposal from the blockchain community. The leader of the project, Miroslav Bodecek, posted an article earlier this week explaining the goals of the project. As the Domains noted, standard blockchain addresses are an obstacle for the practical use of Tezos as a currency because they are hard to read and even harder to remember. Blockchain name services solve this problem by attaching a human-readable wallet address.
Introducing Tezos Domainshttps://t.co/eCfqA8uqDN pic.twitter.com/Nbc5okcW79— Tezos Domains (@tezosdomains) June 5, 2020
Introducing Tezos Domainshttps://t.co/eCfqA8uqDN pic.twitter.com/Nbc5okcW79
— Tezos Domains (@tezosdomains) June 5, 2020
Once a user could replace the address with many numbers and letters, the user can replace it with a simpler one once the new feature is implemented. Simpler names make it easier for users to send and receive Tezos tokens. the developers also attach names to their smart contracts which makes it easier for the Dapps to be discovered and to also interact with the contracts. Bodecek noted that the proposal is still an early draft and there’s no guarantee that the feature will arrive in Tezos which could change dramatically in the meantime.
Some plans were put forward but the project plans to sell names through an ‘’open auction’’ where you can bid in public. Expired domain names will then be sold on the first-come-first-serve basis. The team also has plans to prevent phishing attacks. The Tezos names will support a limited set of characters that will exclude characters that are similar. Expanded Unicode support could also come later. The team also will work on smart contracts that coordinate the services and an in-browser app that will allow name lookups.
A few other blockchains have their own names services. Ethereum for example has one that was integrated with many different services including MetaMask, Opera, and Coinbase wallet where 274,000 ENS names exist. Other notable blockchain name services were built for NEO and Zilliqa. Blockchain names are hard to implement but they are an important step forwards.
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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