understanding the power of the first thing we’ll require to do is comprehend dns here…Blockchain Domains For Sale…
using examples so that’s exactly what we’re going to be utilizing to assist you understand dns so dns represents domain name service which is an expensive method of saying that it is a handy service which allows us humans to type in human legible addresses into the search bar and then it will instantly turn them into machine readable addresses so most of you are probably acquainted with ip addresses and those are exactly how a computer system at one end of the internet knows how to talk particularly to another computer elsewhere and not just yell it into the void that is the web when you type in google.com and you hit enter your computer sends a message to your internet service provider stating yo where’s google the internet service provider learns and goes to where google is tells them
that you are looking for them and after that grabs a bundle back to send out to you now the package is then unpacked by your computer system to show you the entirety of the google.com home page utilizing complicated math and software all of this interaction takes place behind the scenes but to you it’s simple and user friendly in fact if we had to key in 188.8.131.52 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 nets due to the fact that it makes good 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 basically the same thing that i just discussed other than it’s for ethereum ens stands for
ethereum name service and basically lets me inform you that whiteboardcrypto.eth is my wallet address so you can simply type that in and pay me 20 if you want by the way if you do not have 20 and you wish to support the channel do not hesitate to leave a like listed below it’s totally free and it rewards all our effort on this video and the past hundred that we have actually been actually hard at work producing but anyways if you’re not utilized to comprehending the alternative to sharing whiteboard crypto.eth with somebody is i ‘d need to share them this i can’t inform someone that and i could not dependably type that into a computer system you need to copy and paste it and that is basically what ens does is equate
As you most likely already know, crypto deals are permanent. When you send out character, ridiculously long ERC-20 address and paradise forbid you mess up one character, you might be sending your preciousinto oblivion never to be seen once again. We all understand the painstaking minutes in between when you send crypto, to when it gets to the location, praying to the that the address was proper.
The reverse is also true, say someone wants to send you some and they mess up even a single digit, all the best asking to resend more after they just lost their funds. This is extremely problematic, especially if you are trying to run a business and are depending on payments, with your customers all risking of entering your getting address incorrectly.