understanding the power of the first thing we’ll need to do is understand dns here…Domain Apps…
using examples so that’s exactly what we’re going to be using to assist you comprehend dns so dns represents domain service which is a fancy method of saying that it is a valuable service which enables us humans to key in human legible addresses into the search bar and after that it will instantly turn them into maker readable addresses so most of you are most likely familiar 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 somewhere else and not just shout it into the void that is the web when you enter google.com and you hit enter your computer system sends a message to your internet service provider stating yo where’s google the internet service provider learns and goes to where google is tells them
that you are searching for them and then gets a bundle back to send out to you now the package is then unpacked by your computer to reveal you the entirety of the google.com home page utilizing complex mathematics and software all of this communication happens behind the scenes however to you it’s basic and user friendly in fact if we needed to enter 220.127.116.11 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 nets because it makes good sense to us so that’s essentially 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 very same thing that i just discussed other than 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 want by the way if you do not 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 really hard at work creating but anyways if you’re not used to understanding 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 have to copy and paste it which is essentially what ens does is translate
As you most likely currently know, crypto transactions are irreparable. So, 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 to be seen again. All of us understand the painstaking moments in between when you send crypto, to when it reaches the location, 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, best of luck asking to resend more after they simply lost their funds. This is extremely frustrating, specifically if you are trying to run a business and are relying on payments, with your clients all running the risk of entering your getting address improperly.