understanding the power of the first thing we’ll need to do is understand dns here…Blockchain Websites…
utilizing examples so that’s precisely what we’re going to be utilizing to assist you comprehend dns so dns stands for domain name service which is an expensive method of stating that it is a helpful service which permits us people to key in human understandable addresses into the search bar and then it will immediately turn them into maker legible addresses so the majority of you are most likely 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 system somewhere else and not simply yell it into the void that is the web when you type in google.com and you struck enter your computer system sends a message to your internet service provider stating yo where’s google the internet service provider finds out and goes to where google is tells them
that you are searching for them and then gets a package back to send to you now the package is then unpacked by your computer system to show you the entirety of the google.com web page utilizing complex mathematics and software all of this communication takes place behind the scenes but to you it’s basic and easy to use in fact if we needed to enter 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 internet due to the fact that it makes sense to us so that’s basically what a dns is a translator for people to speak machine code next up let’s see how this works for crypto ens is basically the exact same thing that i simply pointed out other than it’s for ethereum ens means
ethereum name service and basically lets me inform 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 don’t have 20 and you wish to support the channel feel free to leave a like listed below it’s complimentary and it rewards all our effort on this video and the past hundred that we’ve been actually hard at work producing but anyways if you’re not utilized to understanding the alternative to sharing whiteboard crypto.eth with someone is i ‘d need to share them this i can’t inform somebody that and i couldn’t reliably type that into a computer system you need to copy and paste it and that is essentially what ens does is equate
As you likely already understand, crypto transactions are irreparable. So, 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 to be seen again. We all understand the painstaking moments between when you send out crypto, to when it comes to the location, praying to the that the address was right.
The reverse is also true, say somebody wishes to send you some and they ruin even a single digit, all the best asking to resend more after they simply lost their funds. This is extremely frustrating, specifically if you are attempting to run a business and are relying on payments, with your consumers all risking of entering your getting address incorrectly.