comprehending the power of the first thing we’ll require to do is understand dns here…Eth Domain…
using examples so that’s exactly what we’re going to be utilizing to help you comprehend dns so dns represents domain service which is an elegant way of stating that it is a helpful service which permits us human beings to key in human understandable addresses into the search bar and then it will instantly turn them into machine legible addresses so most of you are probably knowledgeable about ip addresses and those are exactly 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 abyss that is the web when you type in google.com and you struck enter your computer 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 gets a plan back to send out to you now the bundle is then unpacked by your computer system to reveal you the totality of the google.com home page using complex math 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 22.214.171.124 into the url bar instead of google.com a lot more individuals would be confused right we don’t 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 basically what a dns is a translator for humans to speak machine code next up let’s see how this works for crypto ens is basically the same thing that i simply discussed other than it’s for ethereum ens means
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 desire 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 complimentary and it rewards all our hard work on this video and the past hundred that we’ve been actually hard at work developing however 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 somebody that and i could not reliably type that into a computer you need to copy and paste it and that is essentially what ens does is translate
As you likely currently know, crypto deals are irreparable. When you send out 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 out crypto, to when it gets to the location, praying to the that the address was proper.
The reverse is also real, say someone wants to send you some and they ruin even a single digit, good luck asking to resend more after they just lost their funds. This is extremely frustrating, particularly if you are trying to run an organization and are counting on payments, with your consumers all risking of entering your receiving address incorrectly.