Find Crypto Name

comprehending the power of the first thing we’ll require to do is comprehend dns here…Crypto Name…

utilizing examples so that’s precisely what we’re going to be using to help you comprehend dns so dns means domain service which is a fancy method of saying that it is a practical service which enables us human beings to key in human readable addresses into the search bar and then it will automatically turn them into machine understandable addresses so most of you are probably knowledgeable about ip addresses and those are exactly how a computer at one end of the internet knows how to talk specifically to another computer system somewhere else and not simply shout it into the void that is the web when you enter google.com and you hit enter your computer sends a message to your internet service provider saying 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 package back to send out to you now the bundle is then unpacked by your computer system to reveal you the entirety of the google.com home page utilizing complicated math and software all of this interaction happens behind the scenes but to you it’s simple and user friendly in fact if we had to enter 8.8.8.8 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 internet due to the fact that it makes sense to us so that’s essentially what a dns is a translator for people to speak machine code next up let’s see how this works for crypto ens is essentially the exact same thing that i simply mentioned other than it’s for ethereum ens represents

ethereum name service and basically lets me tell you that whiteboardcrypto.eth is my wallet address so you can merely type that in and pay me 20 if you desire 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 totally free and it rewards all our hard work on this video and the past hundred that we have actually been really hard at work developing but anyways if you’re not utilized to comprehending the option to sharing whiteboard crypto.eth with somebody is i ‘d need to share them this i can’t inform somebody that and i could not dependably type that into a computer system you need to copy and paste it which is essentially what ens does is translate

As you most likely currently understand, crypto deals are permanent. When you send out character, extremely long ERC-20 address and heaven forbid you mess up one character, you might be sending your preciousinto oblivion never ever to be seen again. All of us understand the painstaking minutes between when you send out crypto, to when it reaches the destination, praying to the that the address was proper.

The reverse is also real, state someone wishes to send you some and they screw up even a single digit, good luck asking them to resend more after they just lost their funds. This is hugely bothersome, especially if you are trying to run a business and are relying on payments, with your consumers all risking of entering your receiving address improperly.