Find Bitcoin Name Service

comprehending the power of the first thing we’ll need to do is comprehend dns here…Bitcoin Name Service…

utilizing examples so that’s precisely what we’re going to be utilizing to help you comprehend dns so dns represents domain name service which is an elegant method of stating that it is a handy service which allows us people to key in human legible addresses into the search bar and then it will automatically turn them into device understandable addresses so most of you are most likely familiar with ip addresses and those are precisely how a computer system at one end of the internet knows how to talk specifically to another computer elsewhere and not just yell it into the void that is the web when you enter google.com and you hit enter your computer sends a message to your internet service provider saying yo where’s google the internet service provider finds out and goes to where google is tells them

that you are trying to find them and after that grabs a package back to send out to you now the bundle is then unpacked by your computer system to reveal you the entirety of the google.com web page utilizing complex math and software application all of this communication takes place behind the scenes but to you it’s easy and user friendly in fact if we had to enter 8.8.8.8 into the url bar instead of google.com a lot more individuals would be confused right we do not speak in numbers or ip addresses we speak in dot coms dot orgs and webs because it makes sense to us so that’s basically what a dns is a translator for human beings to speak machine code next up let’s see how this works for crypto ens is essentially the same thing that i simply mentioned except it’s for ethereum ens stands for

ethereum name service and pretty much lets me tell you that whiteboardcrypto.eth is my wallet address so you can merely type that in and pay me 20 if you desire by the way if you do not have 20 and you wish to support the channel feel free to leave a like below it’s free and it rewards all our effort on this video and the past hundred that we’ve been actually hard at work creating but anyways if you’re not used to understanding the option to sharing white boards crypto.eth with someone is i ‘d have to share them this i can’t inform someone that and i couldn’t reliably type that into a computer you need to copy and paste it and that is basically what ens does is equate

As you most likely already understand, crypto deals are permanent. When you send out character, unbelievably long ERC-20 address and paradise forbid you mess up one character, you could be sending your preciousinto oblivion never to be seen once again. We all understand the painstaking moments between when you send crypto, to when it comes to the destination, praying to the that the address was proper.

The reverse is also true, say someone wants to send you some and they ruin even a single digit, all the best asking them to resend more after they simply lost their funds. This is extremely bothersome, particularly if you are attempting to run a company and are depending on payments, with your consumers all risking of entering your receiving address incorrectly.