.Crypto Domain Owners May Now Use Twitter Accounts to Authenticate Addresses

0
2363
Twitter-crypto

The act of wrongfully sending money to a stranger has always floated around our anxieties. No matter how many times we have actually sent money already, the fear still lingers – we tend to get nervous. Crypto transactions are no different. In fact, with its immutable nature and long addresses, sending crypto is more taxing than conventional money sending. While some may have decided just to compromise, blockchain startup Unstoppable Domains and Chainlink have seemingly found a way to alleviate said fears.

As announced this last Tuesday, Unstoppable Domains and Chainlink have collaborated to launch a brand new feature that enables individuals or entities to authenticate themselves via their Twitter accounts. This brand new feature is powered by the oracles of Chainlink and shall connect every .crypto addresses of Unstoppable Domains to an open public username on Twitter. Now, users will be visually notified when the recipient they intend to send crypto assets to is legitimate or not.

The partnering firms believe that the added Twitter authentication can significantly help their users feel more comfortable and secured. They see it as a way that may hinder more crimes correlating to cryptocurrency transactions.

The co-founder of Unstoppable Domains, Brad Kam, commented on this development by stating that crypto transactions have always missed the identifying feature most traditional payments currently have. Kam added that this will now change with the help of the new Twitter verification implementation.

LEAVE A REPLY

Please enter your comment!
Please enter your name here