comprehending the power of the first thing we’ll need to do is understand dns here…Web3 Username…
utilizing examples so that’s precisely what we’re going to be utilizing to assist you understand dns so dns represents domain name service which is an expensive method of saying that it is a valuable service which permits us human beings to type in human readable addresses into the search bar and then it will immediately turn them into maker legible addresses so the majority of you are most likely familiar 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 somewhere else and not just shout it into the abyss that is the web when you type in google.com and you struck enter your computer system 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 then gets a plan back to send out to you now the plan is then unpacked by your computer system to reveal you the entirety of the google.com home page utilizing complex mathematics and software application all of this communication takes place behind the scenes however to you it’s basic and easy to use in fact if we needed to enter 22.214.171.124 into the url bar instead of google.com a lot more people would be confused right we do not speak in numbers or ip addresses we speak in dot coms dot orgs and nets because 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 essentially the same thing that i simply pointed out except it’s for ethereum ens represents
ethereum name service and basically lets me tell you that whiteboardcrypto.eth is my wallet address so you can merely 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 listed below it’s free and it rewards all our effort on this video and the past hundred that we’ve been actually hard at work developing however anyways if you’re not utilized to comprehending the alternative to sharing whiteboard crypto.eth with somebody is i ‘d need to share them this i can’t tell somebody that and i couldn’t dependably type that into a computer system you need to copy and paste it which is basically what ens does is equate
As you likely already understand, crypto deals are irreversible. When you send out character, ridiculously long ERC-20 address and heaven forbid you mess up one character, you might be sending your preciousinto oblivion never ever to be seen once again. All of us know the painstaking minutes between when you send out crypto, to when it gets to the destination, praying to the that the address was proper.
The reverse is also real, say someone wishes to send you some and they screw up even a single digit, all the best inquiring to resend more after they just lost their funds. This is hugely frustrating, particularly if you are attempting to run a company and are counting on payments, with your customers all running the risk of entering your getting address incorrectly.