Isn't it better to use KeePass auto-fill function instead of using copy-paste. Just save all your addresses you are using to KeePass. So easy and safe.
Here is what I'm talking about, it looks like this:
@iasenko
@o_e_l_e_o
It is better if all the addresses are saved in the keypass but, CRUXPay is much more than that.
- You get decentralized human readable addresses mapped with all the addresses of your crypto assets so, sending and receiving funds is like sending an email or tagging a handle in a tweet.
- CRUXPay also explain a feature to recieve pull payments from the services you are using like how Amazon or UBER withdraws funds from your creadit card. In case of CRUXPay any service can send a withdrawal request to your CRUX ID and you can approve with a single tap to send the fund from your wallet.
- CRUXPay can also act like an identity manager in Crypto space like how metamask does for ETH based dApp's. Any dApp which has integrated CRUX protocal can connect With your wallet and talk to it for sending and recieveing funds and also use it as an identity for the dApp
I tried it and fellt secure and easy.
it's as risky as using web wallets. If it's hacked, the hacker can simply edit the address linked to your user id and replace it with his address.
Also, there are some privacy concerns. As far as I can see, you can only link one address to your uid whilst it's advised to use a different addy for each transaction.
If you care about your privacy, you will have to login to your account and add new address whenever you expect to receive funds which is not practucal at all.
@khaled0111
Your CURX ID and the asset address mapping will not be edited if the seed of your wallet is secured because the mapping of a private key from your seed and the CRUX ID is stored on Bitcoin Blockchain as a transaction so noone can change that if the wallet seed is safe.
Linking the new address to your CRUX ID when your previous address has recieved the funds can be done by your wallet so, if the wallet decides to update the address they can do it. CRUXPay has a provision for it.
@ETFbitcoin
1. Not really secure. Hacker just need to hack their server rather than trying to make you install malicious software or do something stupid.
CRUXPay is not a centralized system instead it is a decentralized naming service built on top of Blockstack. The CRUX ID is actually mapped with the seed of your wallet and this mapping is stored on Bitcoin Blockchain as a transaction so, noone can temper that mapping, if the seed of wallet is secure.
2. You need to trust them not to perform any malicious attack.
CRUXPay does not own the CRUX ID to address mapping so, this is as secure as bitcoin blockchain. Only the owner of the wallet seed can change the mapping.
3. Cryptocurrency supposed to be as trustless as possible
CRUX protocol is a developed on Blockstack so, the naming is trustless.
Seems like a great solution but haven't heard of them before. We should be careful using new service like this because their server will now be the hackers target. Why not scan qr codes of the wallet you are sending to.
Yes, CRUXPay is indeed a new service. It's very difficult to scan the QR code when the QR code image and the wallet both are in the same device
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