World cryptocurrency trade OKEx introduced Feb. 9 that it has built-in assist for blockchain-based addresses from Unstoppable Domains into its buye
World cryptocurrency trade OKEx introduced Feb. 9 that it has built-in assist for blockchain-based addresses from Unstoppable Domains into its buyer wallets.
Which means that relatively than needing to offer particular person pockets addresses for every token kind, customers can ship and obtain any of the numerous currencies supported by each OKEx and Unstoppable Domains through a single .crypto or .zil area identify.
In apply, this performance was already obtainable for incoming transactions. The area proprietor might merely arrange the redirects for every foreign money to their OKEx pockets addresses through the Unstoppable Domains platform.
Nevertheless, OKEx pockets can now settle for .crypto addresses for outgoing transactions and can redirect these to the addresses specified by the area proprietor.
Simplified tackle codecs can improve the consumer expertise and take away one of many remaining obstacles for freshmen entering into the crypto house, in response to OKEx CEO Jay Hao.
Blockchain domains are additionally censorship-resistant, that means that it’s unattainable to take down or deplatform an tackle on the decentralized internet.
Except for its crypto-enabled internet addresses, final 12 months noticed Tim Draper-backed Unstoppable Domains launch decentralized chat and e mail providers.
OKEx’s announcement sees it following different main exchanges corresponding to Coinbase and Huobi in supporting the .crypto and .zil tackle format.
OKEx additionally lately introduced that it will implement Bitcoin’s Lightning Community in the course of the first quarter of 2021, offering prospects with quicker transactions and decrease charges.