Netki Wants to Replace Bitcoin Addresses with Wallet Names
One of the main issues that has slowed the adoption of Bitcoin as a currency and payment system has been the complexity of Bitcoin addresses. The blockchain lacks the human-friendly names normally found with websites and email addresses, which can make sending payments a rather cumbersome process. Netki wants to help people move away from confusing....
Related News
Netki, a service aimed to simplify bitcoin payments, has officially released a beta of their Google Chrome browser extension, allowing customers to use email-esque Wallet Names such as 'wallet.justin.me ' instead of lengthy 32 character public addresses. Netki users can now enter their Wallet Name anywhere on the web, and the extension will automatically replace the name with the appropriate public wallet address. They currently support bitcoin, litecoin, dogecoin, Factom (Factoids and entry credits), and Ether, among others. Their new extension will allow Netki users to maintain their....
If there's one thing Bitcoin doesn't need, it's to be more complicated. By adding a new data layer on top of the blockchain, some believe Factom to be doing just that, introducing features a small minority of the population will understand. Their latest partnership with Netki is an attempt to address the issue. Most of Factom can run in the background out of sight, but Factom addresses are still around 70 characters long. Now they'll be a simple username. The Netki Wallet. Netki's slogan is "Making Digital Currencies Human." It lies on the outermost layer of the blockchain, where....
March 9, 2016, — The Delhi-based Bitcoin exchange Coinsecure has just announced its global partnership with Netki. Headquartered in Los Angeles the service aims to provide user-friendly readable addresses to the cryptocurrency ecosystem as opposed to current alphanumeric versions. Through the two teams latest collaboration Coinsecure users will now be able to create wallet names (ex: yourname.coinsecure.me) instead of a 32 character address. Just as domain names made the internet easier by implementing the Domain Name System (DNS), the startup Netki looks to accomplish the same mission.....
Bitcoin company Netki proposed the use of readable names for online wallets instead of the randomly-generated string of text for addresses. For the company, one of the reasons why bitcoin adoption has been slow is the complexity of these identifiers which are not easy to remember. In shifting to more human-friendly names for online wallets, the bitcoin company hopes that transferring cryptocurrencies would be as seamless as sending email. Netki uses a combination of the blockchain from Namecoin and a secure DNS to store names and map it to the address. Bitcoin Company Naming Technology.....
Netki, the Bitcoin wallet name service has successfully raised $3.5 million in seed funding from a group of investors. Netki has been simplifying Bitcoin wallet addresses for a while now. In the coming days, it may start doing much more than that as it successfully raised over $3.5 million in seed funding from some of the leading investors in the market. The report on Netki’s successful fundraising names O’Reilly AlphaTech Ventures as the lead investor with Bitfinex, Colle Capital, Digital Currency Group, Donuts, Husseini Group, Plug and Play and Tom Turney pitching in as well. The company....