comprehending the power of the first thing we’ll need to do is understand dns here…Nft Tld…
using examples so that’s exactly what we’re going to be using to help you comprehend dns so dns stands for domain service which is a fancy way of saying that it is an useful service which enables us human beings to enter human legible addresses into the search bar and after that it will immediately turn them into device understandable addresses so the majority of you are most likely knowledgeable about ip addresses and those are exactly how a computer at one end of the web understands how to talk specifically to another computer system somewhere else and not just shout it into the void that is the web when you key in google.com and you struck enter your computer 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 looking for them and then grabs a bundle back to send out to you now the package is then unpacked by your computer system to show you the totality of the google.com home page using complicated mathematics and software application all of this interaction occurs behind the scenes however to you it’s easy and user friendly in fact if we had to enter 18.104.22.168 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 because it makes sense to us so that’s basically 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 essentially the very same thing that i just pointed out except it’s for ethereum ens means
ethereum name service and practically 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 totally free and it rewards all our effort on this video and the past hundred that we have actually been truly hard at work producing but 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 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 most likely currently understand, crypto deals are irreparable. So, when you send out character, extremely long ERC-20 address and paradise forbid you screw up one character, you could be sending your preciousinto oblivion never to be seen again. We all understand the painstaking minutes in between when you send out crypto, to when it comes to the location, praying to the that the address was proper.
The reverse is likewise real, state somebody wishes to send you some and they ruin even a single digit, all the best inquiring to resend more after they simply lost their funds. This is extremely frustrating, specifically if you are attempting to run a business and are relying on payments, with your consumers all risking of entering your receiving address improperly.