International cryptocurrency exchange OKEx introduced Feb. 9 that it has integrated assistance for blockchain-based addresses from Unstoppable Domain names into its client wallets.
This indicates that as opposed to needing to give individual wallet addresses for every token kind, customers can send as well as get any of the many Cryptocurrency supported by both OKEx as well as Unstoppable Domains via a single.crypto or.zil domain.
In practice, this functionality was already offered for incoming purchases. The domain name proprietor can merely establish the redirects for each and every currency to their OKEx pocketbook addresses through the Unstoppable Domains system.
OKEx wallet can now accept.crypto addresses for outgoing purchases and will reroute these to the addresses defined by the domain owner.
Simplified address styles can improve the user experience and remove one of the continuing to be obstacles for novices entering the crypto room, according to OKEx CEO Jay Hao.
Blockchain domain names are likewise censorship-resistant, meaning that it is impossible to take down or deplatform an address on the decentralized web.
In addition to its crypto-enabled web addresses, in 2014 saw Tim Draper-backed Unstoppable Domains launch decentralized conversation and also email solutions.
OKEx’s statement sees it adhering to other major exchanges such as Coinbase and also Huobi in sustaining the.crypto and.zil address format.
OKEx also just recently revealed that it would certainly carry out Bitcoin’s Lightning Network throughout the initial quarter of 2021, giving clients with faster transactions and also reduced fees.