The confusing, user-unfriendly format of Bitcoin addresses has turned off many possible new users in the past, but Onename has been working on a solution to this ease-of-use issue for quite some time. Although the ability to link a Bitcoin address to a Onename username has been available for a while now, a newly released API will allow bitcoin users to share one easy-to-understand name with their friends and work colleagues. Privacy Concerns Remain Although Onename allows users to map their username to a static Bitcoin address, there are a few issues with the current setup. Reusing addresses is known to be bad for privacy in Bitcoin, and not many knowledgeable bitcoin users want to move to a system that […]
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