understanding the power of the first thing we’ll need to do is comprehend dns here…How To Register A Cryptocurrency Name…
utilizing examples so that’s precisely what we’re going to be utilizing to assist you understand dns so dns stands for domain name service which is an elegant way of saying that it is a helpful service which enables us human beings to enter human readable addresses into the search bar and after that it will immediately turn them into machine legible addresses so most of you are probably knowledgeable about ip addresses and those are exactly how a computer system at one end of the internet knows how to talk particularly to another computer somewhere else and not just yell it into the void that is the web when you key in google.com and you struck enter your computer system sends out a message to your internet service provider saying yo where’s google the internet service provider discovers and goes to where google is tells them
that you are trying to find them and after that gets a plan back to send out to you now the bundle is then unpacked by your computer to reveal you the whole of the google.com home page using complicated math and software application all of this communication happens behind the scenes however to you it’s easy and user friendly in fact if we had to type in 126.96.36.199 into the url bar instead of google.com a lot more individuals would be puzzled 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 humans 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 except it’s for ethereum ens means
ethereum name service and pretty much lets me tell you that whiteboardcrypto.eth is my wallet address so you can merely type that in and pay me 20 if you want by the way if you do not have 20 and you want to support the channel feel free to leave a like listed 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 comprehending the alternative to sharing white boards crypto.eth with someone is i ‘d need to share them this i can’t inform someone that and i couldn’t dependably type that into a computer system you need to copy and paste it and that is basically what ens does is equate
As you likely already understand, crypto deals are irreparable. When you send out character, ridiculously long ERC-20 address and paradise forbid you mess up one character, you could be sending your preciousinto oblivion never to be seen once again. All of us understand the painstaking moments between when you send out crypto, to when it reaches the destination, praying to the that the address was correct.
The reverse is also true, state someone wishes to send you some and they mess up even a single digit, best of luck asking them to resend more after they simply lost their funds. This is hugely troublesome, especially if you are attempting to run a company and are counting on payments, with your customers all risking of entering your receiving address incorrectly.