Easypaysy makes bitcoin addresses so much easier to remember. Instead of using a string of letters and numbers, people could send BTC to something similar to an e-mail address. Developer José Femenías Cañuelo made it work in such a way, that the system doesn’t require any change to Bitcoin itself. Instead it’s a second layer on top of the existing blockchain.
Bitcoin addresses are really not meant for humans. Nobody should be forced to make or receive payments to a crypto-address, much as nobody expect you to navigate the world wide web just by using IP addresses.José Femenías Cañuelo – EasyPaysy blog, December 1st.
Easypaysy creates an account on the blockchain. Users tie this account to their wallet, and nobody has to deal with that awkward string of numbers and letters again. These addresses can have different looks:
- Canonical ID: email@example.com/12
- Mnemonic ID: firstname.lastname@example.org/really
- Domain ID: email@example.com/123-456
Only the owner of an account can see their balance and payment history. In the background the second layer solution is creating multiple bitcoin wallet addresses, and every payment goes to a different address. This way privacy is assured. So basically you have a permanent ID, but the addresses change all the time. You can find more details in the whitepaper.
Of course, the examples mentioned are for bitcoin. However, Easypaysy would also allow other blockchains to utilize their service, like for example Litecoin.
Creating a better blockchain user experience
Crypto enthusiasts no longer see the difficulties the blockchain industry brings to the table. The big mainstream audience however, isn’t ready for private keys, wallet addresses, Metamask, transfer fees, transactions and their confirmation times and so on. The user experience needs to improve.
In Belgium there’s a company called Arkane Network, that’s working on making wallet easily accessible. For example, they allow users to send cryptocurrencies to an e-mail address. The receiver then needs to make a wallet using that e-mail address to actually get access to it. Sending crypto by e-mail is just one example of improving the user experience.
In the world of blockchain games developer are also working hard to make things easier for consumers. For example, they are hiding the use of private keys and cryptocurrency wallets in the background. Or they integrate a marketplace for ERC-721 tokens into their game, making it look completely natural. All these changes will make for a far better user experience.
Also published on Medium.