comprehending the power of the first thing we’ll need to do is understand dns here…What Is A Blockchain Domain…
using examples so that’s exactly what we’re going to be utilizing to assist you comprehend dns so dns stands for domain name service which is an expensive method of stating that it is a handy service which allows us people to enter human legible addresses into the search bar and after that it will instantly turn them into machine legible 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 specifically to another computer system somewhere else 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 out a message to your internet service provider saying yo where’s google the internet service provider learns and goes to where google is tells them
that you are trying to find them and then gets 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 using complex mathematics and software all of this communication happens behind the scenes however 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 individuals would be confused right we do not speak in numbers or ip addresses we speak in dot coms dot orgs and nets due to the fact that it makes 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 basically the exact same thing that i just pointed out other than 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 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 free and it rewards all our effort on this video and the past hundred that we’ve been truly hard at work developing however anyways if you’re not utilized to comprehending the option to sharing white boards 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 you have to copy and paste it and that is essentially what ens does is equate
As you likely already know, crypto deals are permanent. When you send character, extremely long ERC-20 address and paradise 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 moments in between when you send out crypto, to when it comes to the location, praying to the that the address was appropriate.
The reverse is also real, state someone wants to send you some and they ruin even a single digit, good luck asking to resend more after they simply lost their funds. This is extremely bothersome, specifically if you are attempting to run a business and are depending on payments, with your consumers all running the risk of entering your receiving address incorrectly.