See How it Works like you are 5

Blockchains from the start were intended to be transparent with their transaction records but private with who does the transaction. Hence we have some nonsensical unreadable public identifiers, our wallet addresses. They both preserve our privacy and allow for the transparency of the transactions.

This is like, say, you are playing a game at home and you agreed on a public notice board on which anyone who does a sale or purchase must post a record for anyone to see, but you promised yourselves that the record should not reveal the name of the actual person that does the money transfer. So, you agreed everyone will have some (wallet address) identifier that privately he will know is his, and publicly the notice board will be keeping the record of the identifier.

This way, only you know that a particular identifier is yours, and anyone you send to and receive money from, via some communication.

In case of real life blockchains, since those identifiers are too long strange texts that even the owner of the wallet does not memorize, sending money to a wrong wallet address is very common. A study conducted on the Ethereum and Binance Smart Chain (BSC) networks between July 1, 2022, and June 30, 2024, successfully identified and confirmed 681 accidental transfers that resulted in $5.5 million USD in losses. This figure specifically attributes the losses to human mistakes such as typing errors, distinguishing them from malicious poisoning attempts. This academic finding represents one of the most precise quantifications of this specific type of loss.

Beyond aggregated figures, individual incidents underscore the potential for significant financial impact from a single error. As previously noted, a crypto trader reportedly lost $26 million in Renzo Restaked ETH (ezETH) due to a single copy-paste mistake that sent tokens to the wrong wallet address, with recovery proving impossible.

For 1 year I have been asking myself why we still choose to continue using long wallet address where we are forced to confirm the first four and last four characters, even though any mistake can lead to permanent loss of funds. However, the answer is plain, STATUS QUO.

In 2011, Namecoin and in May 2017, Ethereum Name service tried to bring an end to the problem and it was a good move. You can map your wallet address to your name, alice.eth for example. In subsequent times Solana Name Service, Aptos, etc. followed suit.

ENS is a domain name registration entity adhering to ICANN regulations. Domain name registration is bound by trademark law, intellectual property law, dispute resolution frameworks, and limits on cybersquatting.

Also, all those names are not cross-chain, meaning if you want to be identified by your name to be sent crypto on each network you must buy the domain names on different chains.

So, you will have.

1. Alice.eth

2. Alice.apt

3. Alice.sol

4. Alice.arb

5. …

With about 15 major blockchain DNS, I believe this does not make a lot of sense.

Why can’t you have a single name like email to which anyone can send you any crypto from any wallet?

CEXs have uid, email and phone feature and it is also good. Of course we know the downsides, e.g only Binance to Binance, can’t receive Bybit to Bitget with email.

The answer remains if we want non-custodial wallets to allow us use our names to receive crypto on any chain we must push it, just like the Paypal story of sending money with email.

Do you know what I omitted? These blockchain domains can range from $4 to $160 per year, yet they can only work on one blockchain. Heck, we must change that.

I am proposing the first cross-chain naming solution,

- That is not a domain name, it is simply a name like alice adhering to smart contract code

- Will allow you to receive crypto from any chain

- That you pay once for forever.

- Cheap, e.g $50 on 10 chains. Flat fees for any name.

- No yearly renewal.

- You can update the wallet or the name.

In our effort, we will first make this protocol on a free well-audited frontend only web app that you can use to create your cross-chain name, send, and receive crypto to and any wallet on any chain.

At launch, we will launch on these chains.

For any new chain that we will add later, we will ensure we give enough time and ensure you book your name on that chain before we deploy to mainnet and we will make noise until you hear, to ensure no one frontruns your name.

Now the dream is a reality.

Anyone can send and receive crypto on any chain with their name.