Tectono Business Review: AFCASH WALLET AND ENS, WHAT YOU SHOULD KNOW.

Monday 20 February 2023

AFCASH WALLET AND ENS, WHAT YOU SHOULD KNOW.

Here are a few things you should know about crypto wallet addresses and how to use them before starting your crypto journey. Those who did not get this information earlier either lost lots of money or just opted out the moment they became confused. This is why ENS is important for all new and old cryptocurrency traders and why we integrated our AFCASH wallet to use its protocol. Before we start, there is something you must know. Everything done on the internet, which includes browsing, transactions, communication, tutorship, and the like, works with a unique IP address that is enabled using the Domain Name System to help users identify addresses correctly. If not, before assessing africuniabank.com you may have to type in the series of codes that truly represents the website rather than just typing www.africuniabank,com. This is mostly what ENS is bringing to the crypto universe. In this post, we will discuss everything you should know about ENS and of course how this is integrated with the AFCASH wallet.

WHAT IS ENS?

ENS is the short form of Ethereum Name Service. It's more like the extended and more amplified version of the Domain Name System that operates more with all that is associated with a Blockchain. So Ethereum Name Service is simply a protocol created to interact with the Ethereum Blockchain to help facilitate the naming system for cryptocurrency wallet addresses. In the same way DNS provides human-readable names for websites and IP addresses, ENS strives to do the same machine addresses such as 0xe0d…..and makes them readable to humans with a name rather than long strings of numbers and letters. The example of an ENS-enabled wallet address would look like Yourname.eth. To own this and make it your own, one must first verify such domain name is not used by anyone before it is registered.

IMPORTANCE OF ENS

Wallet addresses are 42 strings of numbers and letters that can be difficult for humans to type or read. For instance, if User A and User B have an unfinished transaction and a certain amount of cryptocurrency has to leave User A’s wallet to that of User B. User B must provide a wallet address for these transactions to be completed by User A, now because the provided wallet address contains 42 stringed letters and numbers, there are high chances of errors that may lead to a permanent loss of funds. Any money lost on a Blockchain is never able to be reversed. This is why ENS simply helps turn all that jagged-up strings of words into something like Yourname.eth. User A can now easily type it in, verify the spellings and complete the transaction without fear of error. To summarize this, both User A and B can use their ENS-enabled wallet address to unify their presence in the cryptocurrency universe. Their counterparts and partners can easily make payments without making grave mistakes.

HOW TO USE ENS ON AFCASH WALLET

Ethereum Blockchain wallets can be created on the AFCASH App, however, one must first own an ENS domain name before they create their wallet using AFCASH App.

This can either be done by purchasing already created names on secondary markets like opensea, or simply paying to create a fresh one on the ENS app. Once you get your ENS, it can then be used to create your wallet on AFCASH Wallet App. This new personalized wallet address can then be used to receive any token, or cryptocurrency and can even be embedded in your website for instant payment. Your ENS can be used to create any kind of Blockchain wallet on the AFCAS App which includes the Binance Blockchain wallet, and most preferably the Excoincial Blockchain wallet because the AFCASH app is a product of the Excoincial Blockchain network. The use of the AFCASH app to create an ENS wallet is fast and easy for the layman and can be done within minutes after successfully registering and getting your ENS domain name for your wallet address. You can then copy the ENS-enabled wallet address and paste it anywhere a payment is expected.

SIMILARITIES

Both AFCASH App and Ethereum Name Service are focused on helping humanity unify their identity for cryptocurrency transactions online. Both are well incorporated to offer absolute control and safety for users all over the world. And their features can be easily accessed and used through the AFCASH Wallet App on Google PLayStore.

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Monday 20 February 2023

AFCASH WALLET AND ENS, WHAT YOU SHOULD KNOW.

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