comprehending the power of the first thing we’ll need to do is comprehend dns here…Domain.Ccom…
utilizing examples so that’s precisely what we’re going to be utilizing to assist you understand dns so dns means domain service which is an expensive method of stating that it is a helpful service which enables us human beings to type in human readable addresses into the search bar and after that it will instantly turn them into maker legible addresses so the majority of you are most likely familiar with ip addresses and those are precisely how a computer at one end of the internet knows how to talk specifically to another computer system somewhere else and not just scream it into the abyss that is the web when you type in google.com and you struck enter your computer sends a message to your internet service provider stating yo where’s google the internet service provider finds out and goes to where google is tells them
that you are trying to find them and then grabs a bundle back to send to you now the package is then unpacked by your computer to reveal you the entirety of the google.com web page using complicated mathematics and software all of this communication happens behind the scenes but to you it’s easy and user friendly in fact if we needed to enter 18.104.22.168 into the url bar instead of google.com a lot more people would be confused right we do not speak in numbers or ip addresses we speak in dot coms dot orgs and nets because it makes sense to us so that’s basically what a dns is a translator for people to speak machine code next up let’s see how this works for crypto ens is basically the very same thing that i simply pointed out other than it’s for ethereum ens means
ethereum name service and basically lets me tell 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 wish to support the channel do not hesitate 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 truly hard at work producing but 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 inform someone that and i could not reliably type that into a computer system you have to copy and paste it and that is basically what ens does is equate
As you likely currently know, crypto transactions are irreversible. So, 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 moments between when you send crypto, to when it reaches the location, praying to the that the address was right.
The reverse is also real, say someone wishes to send you some and they mess up even a single digit, good luck asking to resend more after they simply lost their funds. This is hugely bothersome, particularly if you are trying to run a business and are relying on payments, with your consumers all risking of entering your getting address incorrectly.