What Is CryptoAlias?
There are many avenues you can invest your finances on the blockchain. However, more often you might end up making a mistake when it comes to payments to various wallets and platforms. But there is a way you can avoid this thanks to the very same blockchain. You can create your own “blockchain identity and use it for each transaction you happen to make.
Crypto Alias is a venture with an aim to provide its users with the ability to link all their wallet addresses to unique aliases under a single platform. The concept behind it is for the user to have a blockchain ID to assist them to have an easier time while transacting. It is hard to keep track of all the addresses when you are sending or receiving cryptocurrency, and the idea wants to eliminate that problem.
How CryptoAlias Decentralized Blockchain Identity Coin Works
The alias system is made up of various blockchain addresses. Each user gets a unique alias which he or she associates with each time they transact. The excellent part is that clients can also use your nickname when they are sending you cryptos.
To register on the platform, you would need to get an email and a blockchain address first. That is necessary since Crypto Alias is only an ID to facilitate and verify the payments. Once you get a Crypto Alias account, you will also need to buy Crypto Alias tokens (ALS). On the other hand, it is imperative I mention that the ID service plans to incorporate all the main wallets in the future.
A definite advantage of using the Crypto Alias platform is the convenience an alias owner receives. Rather than copy and pasting the receiver's addresses when sending funds, you can use the aliases. They are short and easy to remember rather than the long typical blockchain addresses.
Also, a significant gain with the platform is that you can confirm the aliases before you make the transaction. When sending funds to someone you can review information regarding the receiver such as status, description, the nickname and their update time. Consequently, this reduces the chances of making a wrong transaction.
There is also the ease of use the aliases will create. With the use of blockchain imploding Crypto Alias is a secure way for people to increase their use of the blockchain. The nicknames will help attract people to the technology since transactions will no longer be complex processes we witness with the blockchain addresses.
CryptoAlias ALS Final Thoughts
For an idea such as Crypto Alias, it shows what we can achieve with the blockchain. The project has actual potential to rely on making an impact in the future. The team behind the concept are focused on making Crypto Alias work and make blockchain use more convenient for even the most novice of users.
In the future, the project wants to roll out more applications and improve the anonymity levels without jeopardizing on their privacy. These are just some of the points which indicate Crypto Alias is an idea to get on board and enjoy the convenience. It is an exciting choice which could prove useful for a majority of the blockchain users. With the blockchain full of startups, I would conclude Crypto Alias has plenty of aspirations to make it stand out.