understanding the power of the first thing we’ll require to do is comprehend dns here…Buy Domain With Cryptocurrency…
utilizing examples so that’s exactly what we’re going to be utilizing to help you comprehend dns so dns stands for domain name service which is a fancy way of stating that it is a handy service which enables us humans to enter human readable addresses into the search bar and after that it will automatically turn them into device readable addresses so the majority of you are probably acquainted with ip addresses and those are precisely how a computer at one end of the internet understands how to talk specifically to another computer system somewhere else and not simply shriek it into the abyss that is the web when you key in google.com and you hit enter your computer system sends out 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 searching for them and after that gets a bundle back to send to you now the package is then unpacked by your computer system to reveal you the totality of the google.com web page using complex mathematics and software application all of this interaction happens behind the scenes however to you it’s simple and easy to use in fact if we needed to type in 22.214.171.124 into the url bar instead of google.com a lot more people would be puzzled right we don’t speak in numbers or ip addresses we speak in dot coms dot orgs and webs because it makes 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 means
ethereum name service and basically lets me tell 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 do not have 20 and you want 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 truly hard at work creating however anyways if you’re not utilized to understanding the alternative to sharing whiteboard crypto.eth with someone is i ‘d have to share them this i can’t tell someone that and i could not dependably type that into a computer you have to copy and paste it and that is basically what ens does is equate
As you likely currently know, crypto transactions are irreparable. So, when you send character, extremely long ERC-20 address and paradise forbid you ruin one character, you could be sending your preciousinto oblivion never to be seen again. All of us understand the painstaking moments between when you send crypto, to when it gets to the destination, praying to the that the address was correct.
The reverse is also real, state somebody wants to send you some and they ruin even a single digit, best of luck inquiring to resend more after they just lost their funds. This is extremely bothersome, specifically if you are trying to run a company and are depending on payments, with your customers all risking of entering your receiving address improperly.