comprehending the power of the first thing we’ll need to do is understand dns here…Register Cryptocurrency Name…
utilizing examples so that’s precisely what we’re going to be using to help you comprehend dns so dns stands for domain service which is an expensive method of stating that it is a helpful service which permits us humans to enter human understandable addresses into the search bar and after that it will instantly turn them into device legible addresses so the majority of you are most likely acquainted with ip addresses and those are precisely how a computer system at one end of the internet understands how to talk particularly to another computer elsewhere and not just scream 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 saying yo where’s google the internet service provider discovers 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 plan is then unpacked by your computer system to show you the whole of the google.com home page utilizing complex mathematics and software application all of this communication happens behind the scenes however to you it’s basic and easy to use 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 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 humans to speak machine code next up let’s see how this works for crypto ens is essentially the same thing that i simply pointed out other than it’s for ethereum ens represents
ethereum name service and pretty much 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 want to support the channel do not hesitate to leave a like listed below it’s complimentary and it rewards all our effort on this video and the past hundred that we’ve been truly hard at work creating but anyways if you’re not used to understanding the alternative to sharing whiteboard crypto.eth with somebody is i ‘d need to share them this i can’t inform somebody that and i could not reliably type that into a computer system you need to copy and paste it which is basically what ens does is equate
As you most likely already know, crypto deals are permanent. So, when you send character, unbelievably long ERC-20 address and paradise forbid you mess up one character, you could be sending your preciousinto oblivion never ever to be seen again. All of us know the painstaking moments between when you send crypto, to when it reaches the destination, praying to the that the address was proper.
The reverse is also real, state somebody wants to send you some and they screw up even a single digit, all the best asking to resend more after they just lost their funds. This is hugely frustrating, specifically if you are attempting to run a service and are relying on payments, with your consumers all risking of entering your getting address incorrectly.