comprehending the power of the first thing we’ll need to do is comprehend dns here…Doamin.Com…
using examples so that’s precisely what we’re going to be utilizing to assist you comprehend dns so dns stands for domain name service which is an elegant method of stating that it is a practical service which enables us people to type in human legible addresses into the search bar and then it will instantly turn them into machine readable addresses so the majority of you are most likely knowledgeable about ip addresses and those are exactly how a computer at one end of the web knows how to talk specifically to another computer system somewhere else and not simply scream it into the abyss that is the web when you type 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 learns and goes to where google is tells them
that you are searching for them and after that grabs a bundle back to send out to you now the package is then unpacked by your computer to show you the whole of the google.com web page utilizing complex mathematics and software all of this communication takes place behind the scenes however to you it’s simple and easy to use in fact if we needed to type in 18.104.22.168 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 webs due to the fact that it makes 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 essentially the very same thing that i simply mentioned except it’s for ethereum ens stands for
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 desire by the way if you don’t have 20 and you want to support the channel feel free to leave a like below it’s complimentary and it rewards all our effort on this video and the past hundred that we have actually been actually hard at work developing however anyways if you’re not used to understanding the alternative to sharing white boards 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 need to copy and paste it which is essentially what ens does is equate
As you most likely already know, crypto transactions are irreversible. When you send character, unbelievably long ERC-20 address and heaven forbid you mess up one character, you could be sending your preciousinto oblivion never ever to be seen once again. All of us understand the painstaking minutes in between when you send out crypto, to when it reaches 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, good luck inquiring to resend more after they simply lost their funds. This is extremely troublesome, particularly if you are attempting to run an organization and are counting on payments, with your customers all risking of entering your getting address incorrectly.