comprehending the power of the first thing we’ll need to do is understand dns here…Blockchain Domain Registry…
utilizing examples so that’s exactly what we’re going to be utilizing to assist you comprehend dns so dns means domain name service which is an expensive way of stating that it is a practical service which allows us people to type in human understandable addresses into the search bar and then it will instantly turn them into device legible addresses so the majority of you are most likely knowledgeable about ip addresses and those are precisely how a computer at one end of the web knows how to talk specifically to another computer elsewhere and not just shout it into the void that is the web when you type in google.com and you struck enter your computer sends a message to your internet service provider stating yo where’s google the internet service provider discovers and goes to where google is tells them
that you are looking for them and then grabs a bundle back to send out to you now the bundle is then unpacked by your computer to reveal you the whole of the google.com home page utilizing complicated math and software application all of this communication happens behind the scenes however to you it’s easy and easy to use in fact if we needed to type in 18.104.22.168 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 since it makes sense to us so that’s basically what a dns is a translator for humans to speak machine code next up let’s see how this works for crypto ens is essentially the same thing that i just pointed out except it’s for ethereum ens means
ethereum name service and practically lets me tell you that whiteboardcrypto.eth is my wallet address so you can merely type that in and pay me 20 if you want by the way if you do not have 20 and you want to support the channel feel free to leave a like below it’s totally free and it rewards all our hard work on this video and the past hundred that we’ve been truly hard at work developing but anyways if you’re not used to understanding the alternative to sharing white boards crypto.eth with someone is i ‘d have to share them this i can’t inform somebody that and i couldn’t dependably type that into a computer you have to copy and paste it and that is basically what ens does is equate
As you most likely currently understand, crypto deals are irreversible. When you send character, unbelievably long ERC-20 address and paradise forbid you mess up one character, you could be sending your preciousinto oblivion never ever to be seen again. We all know the painstaking moments in between when you send out crypto, to when it gets to the destination, praying to the that the address was proper.
The reverse is also true, state someone wants to send you some and they screw up even a single digit, all the best asking to resend more after they just lost their funds. This is hugely frustrating, specifically if you are trying to run a service and are depending on payments, with your clients all running the risk of entering your getting address incorrectly.