understanding the power of the first thing we’ll require to do is comprehend dns here…Nft Domain Name…
using 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 a fancy method of saying that it is a handy service which enables us humans to key in human readable addresses into the search bar and after that it will automatically turn them into device readable addresses so the majority of you are most likely 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 elsewhere and not just scream it into the abyss that is the web when you key in google.com and you hit enter your computer system sends a message to your internet service provider stating yo where’s google the internet service provider finds out and goes to where google is tells them
that you are trying to find them and after that grabs a bundle back to send to you now the package is then unpacked by your computer to show you the entirety of the google.com home page utilizing complicated mathematics and software all of this interaction takes place behind the scenes but to you it’s simple and user friendly in fact if we needed to key in 22.214.171.124 into the url bar instead of google.com a lot more individuals would be puzzled right we do not speak in numbers or ip addresses we speak in dot coms dot orgs and nets because it makes 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 very same thing that i just mentioned 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 want by the way if you don’t have 20 and you want to support the channel do not hesitate 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 have actually been actually hard at work creating but anyways if you’re not utilized to comprehending 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 couldn’t reliably type that into a computer you have to copy and paste it and that is essentially what ens does is equate
As you likely currently know, crypto deals are permanent. When you send character, unbelievably long ERC-20 address and paradise forbid you mess up one character, you might be sending your preciousinto oblivion never to be seen again. We all understand the painstaking moments between when you send crypto, to when it arrives at the destination, praying to the that the address was correct.
The reverse is likewise real, state somebody wants to send you some and they ruin 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 an organization and are relying on payments, with your clients all running the risk of entering your receiving address improperly.