understanding the power of the first thing we’ll require to do is comprehend dns here…Crypto Tld…
utilizing examples so that’s precisely what we’re going to be using to assist you comprehend dns so dns represents domain service which is an elegant method of saying that it is a handy service which allows us people to type in human legible addresses into the search bar and after that it will automatically turn them into machine legible addresses so most of you are probably acquainted with ip addresses and those are exactly how a computer system at one end of the web understands how to talk particularly to another computer system somewhere else and not simply yell 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 stating yo where’s google the internet service provider discovers and goes to where google is tells them
that you are trying to find them and after that gets a package back to send to you now the package is then unpacked by your computer system to show you the totality of the google.com home page utilizing complicated math and software all of this interaction occurs behind the scenes but to you it’s basic and user friendly in fact if we had to type in 184.108.40.206 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 internet since it makes sense to us so that’s basically what a dns is a translator for humans to speak machine code next up let’s see how this works for crypto ens is essentially the exact same thing that i just pointed out except it’s for ethereum ens means
ethereum name service and pretty much 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 want to support the channel do not hesitate to leave a like below it’s free and it rewards all our hard work on this video and the past hundred that we have actually been actually hard at work creating but anyways if you’re not used 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 couldn’t reliably type that into a computer you have to copy and paste it which is basically what ens does is equate
As you most likely currently know, crypto deals are irreparable. So, when you send out character, unbelievably long ERC-20 address and heaven forbid you ruin one character, you could be sending your preciousinto oblivion never ever to be seen again. All of us understand the painstaking minutes in between when you send crypto, to when it gets to the destination, praying to the that the address was right.
The reverse is likewise real, say someone wishes to send you some and they screw up even a single digit, all the best asking them to resend more after they just lost their funds. This is hugely frustrating, particularly if you are trying to run a service and are depending on payments, with your consumers all risking of entering your getting address improperly.