comprehending the power of the first thing we’ll need to do is comprehend dns here…Blockchaindomain…
utilizing examples so that’s exactly what we’re going to be utilizing to help you understand dns so dns means domain service which is an elegant method of stating that it is an useful service which permits us human beings to key in human legible addresses into the search bar and after that it will immediately turn them into device legible addresses so most of you are most likely knowledgeable about ip addresses and those are exactly how a computer at one end of the internet understands how to talk specifically to another computer somewhere else and not simply shriek it into the abyss that is the web when you key 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 finds out and goes to where google is tells them
that you are looking for them and after that grabs a package back to send to you now the bundle is then unpacked by your computer to show you the whole of the google.com home page using complex math and software application all of this interaction occurs behind the scenes however to you it’s easy and user friendly in fact if we needed to enter 220.127.116.11 into the url bar instead of google.com a lot more people would be confused right we don’t speak in numbers or ip addresses we speak in dot coms dot orgs and nets 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 very same thing that i simply mentioned 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 just 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 have actually been truly hard at work producing but anyways if you’re not used to understanding the option to sharing whiteboard crypto.eth with someone is i ‘d need to share them this i can’t tell somebody that and i couldn’t reliably type that into a computer system you have to copy and paste it which is basically what ens does is translate
As you most likely currently know, crypto deals are irreversible. When you send character, ridiculously long ERC-20 address and heaven forbid you mess up one character, you might be sending your preciousinto oblivion never ever to be seen once again. All of us understand the painstaking minutes in between when you send crypto, to when it arrives at the destination, praying to the that the address was right.
The reverse is likewise true, state somebody wants to send you some and they ruin even a single digit, good luck asking them to resend more after they just lost their funds. This is extremely troublesome, specifically if you are attempting to run an organization and are counting on payments, with your clients all risking of entering your getting address incorrectly.