The main idea of this project is very attractive...imagine just using a simple domain instead of that complex wallet address with long stretch of letters and numbers. Here your domain is your wallet address so you can buy a domain name with your very name on it and whenever someone is asking for your wallet address just share the domain you registered in this site. Well, very useful indeed. Now, I wonder why the use of .zil then I read that it is because this is launched in the Zilliqa blockchain and a grantee of the Zilliqa Foundation to work with the extension. I am then wondering: Will it mean that my domain name is the same wallet address I can use for all cryptocurrencies and tokens...meaning the same for Bitcoin, Eth, and the rest of the gang?
I don't think that will be happening because BTC requires it's own compatible wallet. Also every currency will then need to send the respective coins to it's compatible addresses.
For example : BTC can only be sent on addresses starting with "1" (P2PKH) , "3" (P2SH) and "bc1" (bech32)
So in order to create a single wallet for multiple currencies they will have to integrate all the wallets into one and then come up with an algorithm which will intelligently identify what type of currency is being sent and then map it to the respective address in the backend.
I don't think anybody has done such a thing yet henceforth making it next to impossible.
That's actually really cool. I really like having one address for multiple coins. I feel like this is something that the general public will really take to more than a long string of characters and numbers
Storing all coins at one place gives you a big disadvantage. If your wallet is compromised "All" of your coins will be lost.
Storing them at different places is a good option as the chances for all of them getting hacked is too low.