Base Name Service Review by anton
anton
Anton
Onchain presents an exciting crypto project that aims to simplify online activities for the next billion+ users by introducing web3 usernames (yourname.base) instead of complex wallet addresses. By leveraging Base, a new Layer 2 solution by Coinbase, Onchain seeks to provide a walletless and gasless experience for users. The reason for assigning a score of 4 out of 5 is due to the project's potential to address a significant barrier to entry in the crypto space. The complexity of wallet addresses can be a deterrent for new users, and Onchain's approach of introducing web3 usernames is a step towards enhancing user-friendliness and accessibility. The utilization of Base, a Layer 2 solution by Coinbase, adds credibility and reliability to the project. The promise of a walletless and gasless experience is enticing, as it eliminates two major pain points associated with crypto transactions. To further enhance the score, it would be beneficial for Onchain to provide more details about the security measures in place to protect user identities and the mechanisms used to associate web3 usernames with wallet addresses. Additionally, transparency about the scalability and decentralization aspects of Base would strengthen confidence in the project. Overall, Onchain has the potential to simplify the onboarding process for new crypto users and improve the overall user experience. By introducing web3 usernames and leveraging Base, the project addresses key challenges associated with complex wallet addresses and transaction fees. Further transparency and information about security and decentralization would solidify its position as an innovative solution within the crypto industry.