comprehending the power of the first thing we’ll require to do is understand dns here…Buy Crypto Domain…
utilizing examples so that’s exactly what we’re going to be using to help you comprehend dns so dns stands for domain service which is a fancy way of stating that it is a practical service which permits us people to enter human readable addresses into the search bar and after that it will instantly turn them into device readable 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 understands how to talk specifically to another computer system somewhere else and not just shout it into the abyss that is the web when you key in google.com and you hit enter your computer sends out 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 looking for them and then grabs a plan back to send out to you now the package is then unpacked by your computer to reveal you the whole of the google.com home page using complicated 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 key in 188.8.131.52 into the url bar instead of google.com a lot more people would be puzzled 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 essentially 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 exact same thing that i just discussed other than it’s for ethereum ens represents
ethereum name service and practically lets me inform you that whiteboardcrypto.eth is my wallet address so you can just type that in and pay me 20 if you desire 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 free and it rewards all our effort on this video and the past hundred that we have actually been actually hard at work developing but anyways if you’re not utilized to comprehending the option to sharing whiteboard crypto.eth with someone is i ‘d have to share them this i can’t inform someone that and i couldn’t dependably type that into a computer system you have to copy and paste it which is essentially what ens does is equate
As you most likely currently know, crypto deals are irreversible. So, when you send out character, ridiculously long ERC-20 address and paradise forbid you screw up one character, you could be sending your preciousinto oblivion never ever to be seen again. All of us understand the painstaking moments in between when you send crypto, to when it arrives at the location, praying to the that the address was appropriate.
The reverse is likewise real, state somebody wants to send you some and they screw up even a single digit, all the best asking to resend more after they simply lost their funds. This is extremely frustrating, particularly if you are attempting to run a company and are relying on payments, with your consumers all risking of entering your receiving address incorrectly.