The cryptocurrency space experiences some resistance to adoption in its initial years, and still, most of the people are in a tiff, because of some of the complexities heard or faced by their peers or acquaintance. That fear or uncertainty is standing as a hurdle in the face of crypto-adoption. For instance, public addresses are mandatory to complete a transaction. The addresses are non-human-readable and are certainly not easy to associate a transaction to. The addresses contain complex digits and letters that are difficult to type and error-prone. This is the reason most of the people are showing resistance to the world of cryptocurrencies. Hence, there was a need for a human-readable address.
A human-readable address is an easy set of characters, which can be memorized and help communicate easily like an email address or Twitter handle. Human-readable addresses help in the creation of more trust between the receiver and the sender before making a transaction. Human readable languages are familiar languages, which can relieve the users from the risk of losing or exposition of funds to wrong entities. Like email addresses can be easily related to or remembered, human-readable addresses can lead to associating an address with the recipient.
But, you shouldn’t go for Centralized Human-Readable IDs as there is a huge risk of data manipulation.
CRUXPay was created with the intention of having a decentralized human-readable ID (which would be as easy as your email ID ) for the transfer of crypto assets. Suppose you want to send Bitcoin to a receiver named "Person A", you need to give the public address of the "person A", which would look like a plethora of alpha-numeric characters (0x71C7565***ab88b0988***751**********hgft). This looks complex, right? There is a high probability of making a mistake. Just imagine, the same "Person A" having a human-readable decentralized ID (like email@example.com), which will be always associated with "person A". So, whenever you want to send any cryptocurrencies, you just need to put the CRUX ID, and instantly you can send funds.
CRUXPay enables the users to interact with blockchain-based systems with ease, by allowing users to create human-readable IDs (CRUX ID) linked to their wallets. These IDs act as users' identities in the crypto ecosystem, allowing them to send and receive funds, request payments, authorize payments, and link dApps with their wallets securely and seamlessly. CRUXPay aims to bridge the gap between the wallets and the applications by establishing the ownership of a private key to a human-readable name, which in turn simplified crypto transactions.
CRUXPay has the following features:
The first integration of CRUXPay is live in the ZelCore wallet and it is being integrated into many other wallets.
First, you need to go the Zel wallet (download Zel wallet), and once you log in, you can click o the "apps" symbol towards the left-hand corner, then many apps will pop up, of which, you click on CRUXPay.
Then click on the " Setup CRUXPay" button and enter the CRUX ID of your choice, so your CRUX ID of ZEL wallet would be "firstname.lastname@example.org". (Doesn't it look like email@example.com)?
Now, click on any coins, you want to send, say, for instance, you are sending Bitcoin from say "Wallet 1" , then click on send, and put the CRUX ID, where you want to send, like for example: "firstname.lastname@example.org". Give the amount, say 0.1 BTC, and click on "Send" button, and its done.
Now, you don’t have to stress about memorizing the long string of abstract addresses. Go here to create your CRUX ID, where you have entire control over your assets. If you have any feedback, you can go to https://twitter.com/cruxpay.