understanding the power of the first thing we’ll need to do is comprehend dns here…Is Brave Browser Decentralized…
utilizing examples so that’s exactly what we’re going to be using to help you comprehend dns so dns means domain service which is an elegant method of saying that it is an useful service which enables us humans to type in human legible addresses into the search bar and after that it will instantly turn them into device readable addresses so most of you are probably familiar with ip addresses and those are precisely how a computer system at one end of the web understands how to talk particularly to another computer system elsewhere and not just yell it into the void that is the web when you type in google.com and you hit 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 gets a bundle back to send to you now the package is then unpacked by your computer system to show you the entirety of the google.com home page using complicated mathematics and software application all of this interaction happens behind the scenes but to you it’s easy and user friendly in fact if we needed 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 nets since it makes good sense to us so that’s essentially 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 just discussed except 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 just type that in and pay me 20 if you want by the way if you don’t have 20 and you wish to support the channel do not hesitate 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’ve been really hard at work producing but 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 somebody that and i could not dependably type that into a computer system you have to copy and paste it which is basically what ens does is translate
As you likely currently understand, crypto deals are irreversible. When you send character, extremely long ERC-20 address and paradise forbid you mess up one character, you might be sending your preciousinto oblivion never to be seen once again. We all know the painstaking moments in between when you send crypto, to when it comes to the destination, praying to the that the address was proper.
The reverse is also real, say somebody wants to send you some and they screw up even a single digit, all the best asking to resend more after they simply lost their funds. This is extremely frustrating, especially if you are trying to run a company and are relying on payments, with your customers all running the risk of entering your getting address improperly.