comprehending the power of the first thing we’ll require to do is comprehend dns here…Decentralized Domain…
utilizing examples so that’s precisely what we’re going to be utilizing to assist you comprehend dns so dns represents domain name service which is an expensive way of saying that it is a helpful service which enables us people to type in human legible addresses into the search bar and then it will immediately turn them into machine understandable addresses so the majority of you are probably acquainted with ip addresses and those are exactly how a computer at one end of the internet knows how to talk specifically to another computer system elsewhere and not just scream 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 saying yo where’s google the internet service provider learns and goes to where google is tells them
that you are searching for them and after that gets a package back to send out to you now the bundle is then unpacked by your computer to reveal you the totality of the google.com home page using complicated math and software all of this communication occurs behind the scenes but to you it’s simple and easy to use in fact if we had to key in 188.8.131.52 into the url bar instead of google.com a lot more individuals would be confused right we don’t speak in numbers or ip addresses we speak in dot coms dot orgs and webs since it makes good sense to us so that’s essentially what a dns is a translator for humans to speak machine code next up let’s see how this works for crypto ens is basically the exact same thing that i just mentioned other than 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 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 do not hesitate to leave a like listed below it’s complimentary and it rewards all our effort on this video and the past hundred that we’ve been actually hard at work creating however anyways if you’re not utilized to understanding the option to sharing whiteboard crypto.eth with somebody is i ‘d have to share them this i can’t tell somebody that and i could not reliably type that into a computer system you have to copy and paste it and that is essentially what ens does is equate
As you most likely currently know, crypto deals are permanent. When you send out character, ridiculously long ERC-20 address and heaven forbid you mess up one character, you could be sending your preciousinto oblivion never ever to be seen again. We all understand the painstaking moments between when you send out crypto, to when it gets to the location, praying to the that the address was correct.
The reverse is likewise real, state someone wishes to send you some and they mess up even a single digit, best of luck asking to resend more after they simply lost their funds. This is hugely troublesome, especially if you are attempting to run a company and are depending on payments, with your consumers all running the risk of entering your receiving address incorrectly.