Stellar federated addresses in XMLwallet

If you send crypto to people a lot, you must be tired of having to copy and paste their blockchain wallet addresses all the time. Good news — with XMLwallet, you don’t need to do that. All you need is a federated address.

A federated address in Stellar is a very clever way to present your blockchain address in a much more human-friendly form. Instead of a long alphanumerical string, you have something very similar to an email address, only with an asterisk instead of the @ sign. For example, darthvader*xlmwallet.com can be a valid federated address.

The only characters that you cannot use in a federated address are these: <>,*. The important thing to note here that you can use the character @. So you could have an address like [email protected]*xlmwallet.com. In other words, you can set your own email address as your Stellar federated address, only with the addition of the wallet domain after the asterisk.

Federated addresses immensely simplify the process of sending lumens and other Stellar-based tokens. Think about it: you can’t possibly remember your wallet address, so you always have to look it up, copy it and send it to whoever the sender is, right? And when you need to send money, you have to ask the recipient to give you their address and then wait till they copy and paste it. One the other hand, you do remember your email, because you set it up to be memorable. A Stellar federated address is memorable and short, too, so you can easily type it and send it to your counterparty without having to load your wallet first.

The technology that compiles a federated address to your actual blockchain address is pretty advanced. Developers are working on similar protocols for other blockchains (Bitcoin and Ethereum), but Stellar is the only one to have implemented such a feature from the beginning. This is in line with Stellar’s main idea: to make cryptocurrency just as easy to use as fiat money. If you can now send US dollars or euros to other people using various financial apps and knowing nothing but your recipient’s nickname, you should be able to do the same with crypto.

Note that a wallet or app must be set up to support federated addresses. It’s quite easy to do, and just about any programmer can add this functionality, since the code is freely available on the Internet. XLM wallet has built-in support for federated addresses, but not all of its competitors do. If you aren’t sure, contact your wallet’s support.

Another important caveat is that this only works with lumens and other Stellar-based assets. So for example, if someone tokenizes oil or coffee on Stellar, they’ll be able to send you these digital commodities using your federated address. But if you also have ERC20 tokens in the same wallet, for example, you can’t send them this way.

So next time you need to send lumens to somebody from your XLM wallet, ask them if they know their federated address. If your recipient’s wallet doesn’t support this functionality yet, suggest that they try XLM wallet — a fast and user-friendly wallet packed only with those features you really need.

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