Chrome v86 will only show the domain in the address bar in hopes of solving the problem of URLs being manipulated to look like a legitimate website.
Since URLs are the chief way of determining the authenticity of a site, people are easily fooled into perceiving a domain as authentic by including the legitimate domain as part of a very long address that just gets brushed over.
Chrome 86 will enter the Beta channel in September and launch in stable about a month later. It will “experiment with how URLs are shown in the address bar on desktop platforms,” although mobile platforms will be excluded from the said experiments.
Randomly selected people in the experiment will not see the full URL but rather only the domain name. They can choose to opt-out from the experiment by right-clicking in the Omnibar and selecting “Always show full URLs.”