comprehending the power of the first thing we’ll require to do is comprehend dns here…Domain Nft…
using examples so that’s exactly what we’re going to be utilizing to assist you understand dns so dns represents domain name service which is a fancy method of stating that it is a helpful service which enables us people to enter human understandable addresses into the search bar and then it will automatically turn them into maker readable addresses so most of you are most likely acquainted with ip addresses and those are precisely how a computer system at one end of the web knows how to talk particularly to another computer system elsewhere and not simply shriek it into the void that is the web when you type in google.com and you struck enter your computer system sends out 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 trying to find them and then gets a package back to send out to you now the plan is then unpacked by your computer to show you the entirety of the google.com home page utilizing complicated mathematics and software all of this interaction takes place behind the scenes but to you it’s simple and user friendly 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 confused right we don’t speak in numbers or ip addresses we speak in dot coms dot orgs and webs due to the fact that it makes good 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 discussed 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 don’t have 20 and you want to support the channel feel free to leave a like below it’s free and it rewards all our hard work on this video and the past hundred that we’ve been really hard at work producing however anyways if you’re not utilized to understanding the alternative to sharing whiteboard crypto.eth with somebody is i ‘d have to share them this i can’t tell someone that and i couldn’t dependably type that into a computer system you have to copy and paste it and that is basically what ens does is translate
As you most likely already understand, crypto transactions are permanent. When you send character, unbelievably long ERC-20 address and paradise forbid you mess up one character, you could be sending your preciousinto oblivion never ever to be seen once again. We all know the painstaking moments between when you send out crypto, to when it comes to the location, praying to the that the address was correct.
The reverse is likewise true, say somebody wants 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 hugely frustrating, particularly if you are trying to run a service and are counting on payments, with your clients all risking of entering your getting address improperly.