comprehending the power of the first thing we’ll require to do is understand dns here…Search Nft…
using examples so that’s precisely what we’re going to be using to help you understand dns so dns represents domain name service which is a fancy method of saying that it is a handy service which allows us people to enter human readable addresses into the search bar and after that it will immediately turn them into device readable addresses so the majority of you are probably knowledgeable about ip addresses and those are exactly how a computer at one end of the web knows how to talk particularly to another computer system somewhere else and not simply shout it into the void that is the web when you enter google.com and you hit 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 looking for them and after that grabs a bundle back to send to you now the package is then unpacked by your computer to reveal you the entirety of the google.com web page utilizing complicated mathematics and software all of this communication happens behind the scenes but to you it’s easy and user friendly in fact if we had to key in 126.96.36.199 into the url bar instead of google.com a lot more people 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 basically the very same thing that i simply pointed out other than it’s for ethereum ens stands for
ethereum name service and basically lets me inform 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 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 have actually been actually hard at work developing however anyways if you’re not utilized to comprehending the option to sharing white boards crypto.eth with someone is i ‘d need to share them this i can’t inform somebody that and i couldn’t reliably type that into a computer you need to copy and paste it which is essentially what ens does is translate
As you most likely already know, crypto deals are irreparable. So, when you send out character, extremely long ERC-20 address and paradise forbid you ruin one character, you could be sending your preciousinto oblivion never ever to be seen again. We all know the painstaking moments between when you send crypto, to when it comes to the destination, praying to the that the address was correct.
The reverse is also real, say somebody wishes to send you some and they mess up even a single digit, good luck asking them to resend more after they simply lost their funds. This is hugely problematic, especially if you are attempting to run a service and are relying on payments, with your clients all running the risk of entering your getting address improperly.