Exclusive: Base Unveils BaseNames, an On-Chain ID Tool Utilizing ENS

IconCryptoNewsTerminal Staff01 Aug, 2024

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Exclusive: Base Unveils BaseNames, an On-Chain ID Tool Utilizing ENS

Base, Coinbase's layer 2 network, has introduced a revolutionary on-chain ID tool known as BaseNames, leveraging the Ethereum Name Service (ENS). This innovative tool empowers users to transform their lengthy and complex blockchain addresses into human-readable and memorable alphanumeric formats. BaseNames is a game-changer for the crypto community, making blockchain experiences more user-friendly and accessible. Its integration with ENS ensures that these custom identifiers are decentralized and permanently linked to their respective blockchain addresses. This eliminates the need for intermediaries, enhancing security and ownership for users. By integrating with ENS, BaseNames enables seamless interaction with the broader decentralized ecosystem. Users can effortlessly send and receive cryptocurrencies, participate in decentralized applications (dApps), and manage digital assets using their personalized BaseNames. This innovative tool is a testament to Base's commitment to fostering user adoption and enhancing the usability of blockchain technology. As the crypto landscape continues to evolve, BaseNames is poised to play a pivotal role in bridging the gap between traditional financial systems and the burgeoning world of digital assets.