comprehending the power of the first thing we’ll need to do is understand dns here…Ens Ethmail…
using examples so that’s exactly what we’re going to be utilizing to assist you understand dns so dns stands for domain service which is an expensive method of stating that it is an useful service which allows us human beings to type in human understandable addresses into the search bar and then it will automatically turn them into maker legible addresses so most of you are probably acquainted with ip addresses and those are precisely how a computer at one end of the web understands how to talk particularly to another computer system elsewhere and not simply yell 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 gets a bundle back to send out to you now the plan is then unpacked by your computer system to show you the whole of the google.com home page using complicated math and software application all of this interaction takes place behind the scenes however to you it’s easy and user friendly in fact if we needed to key in 184.108.40.206 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 nets due to the fact that 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 exact same thing that i simply pointed out other than it’s for ethereum ens stands for
ethereum name service and basically lets me tell you that whiteboardcrypto.eth is my wallet address so you can simply 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 do not hesitate to leave a like 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 creating 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 could not dependably type that into a computer system you need to copy and paste it and that is essentially what ens does is translate
As you likely already know, crypto transactions are irreparable. When you send character, unbelievably long ERC-20 address and heaven forbid you mess up one character, you might be sending your preciousinto oblivion never ever to be seen again. We all understand the painstaking moments between when you send crypto, to when it comes to the destination, praying to the that the address was appropriate.
The reverse is also real, say somebody wants to send you some and they ruin even a single digit, good luck inquiring to resend more after they simply lost their funds. This is hugely frustrating, particularly if you are attempting to run a company and are counting on payments, with your clients all risking of entering your getting address incorrectly.