Is this terminology understandable by the average twtr or fb user?

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I’d think my abbreviated version is;

“NIP-05 enables your npub (complex identifier exclusive to you) to be replaced with a identifier that looks similar to an email address.

Npubs are used in the background, NIP-05 is your easily shared identity.”

I do like the preciseness of it being a third party that (usually) provides it but that could be off putting in the immediate first steps of an onboarding exp.

Probably not.