comprehending the power of the first thing we’ll need to do is understand dns here…Dominio .Crypto…
using examples so that’s exactly what we’re going to be utilizing to help you understand dns so dns means domain service which is a fancy way of stating that it is an useful service which allows us humans to key in human readable addresses into the search bar and then it will instantly turn them into machine understandable addresses so the majority of you are probably familiar with ip addresses and those are precisely how a computer at one end of the web knows how to talk particularly to another computer system somewhere else and not simply yell 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 searching for them and after that grabs a bundle back to send to you now the plan is then unpacked by your computer system to reveal you the entirety of the google.com home page using complex math and software application all of this communication occurs behind the scenes however to you it’s simple and user friendly in fact if we needed to enter 22.214.171.124 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 since it makes sense to us so that’s basically 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 simply pointed out other than it’s for ethereum ens means
ethereum name service and basically 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 wish to support the channel feel free to leave a like listed below it’s totally free and it rewards all our effort on this video and the past hundred that we have actually been truly hard at work creating but anyways if you’re not utilized to understanding the alternative to sharing whiteboard crypto.eth with someone is i ‘d need to share them this i can’t inform someone that and i could not dependably type that into a computer system you need to copy and paste it and that is basically what ens does is translate
As you most likely already know, crypto deals are permanent. So, when you send character, unbelievably long ERC-20 address and paradise forbid you screw up one character, you could be sending your preciousinto oblivion never ever to be seen again. All of us understand the painstaking minutes between when you send crypto, to when it reaches the destination, praying to the that the address was proper.
The reverse is also real, state someone wants to send you some and they ruin even a single digit, best of luck asking to resend more after they just lost their funds. This is hugely frustrating, particularly if you are attempting to run an organization and are depending on payments, with your customers all risking of entering your receiving address incorrectly.