comprehending the power of the first thing we’ll need to do is understand dns here….X Domains…
utilizing examples so that’s exactly what we’re going to be utilizing to assist you understand dns so dns represents domain service which is an expensive method of stating that it is an useful service which enables us humans to key in human legible addresses into the search bar and then it will instantly turn them into device readable addresses so the majority of you are probably familiar with ip addresses and those are exactly how a computer system at one end of the internet knows how to talk particularly to another computer system somewhere else and not just shriek it into the abyss that is the web when you enter 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 learns 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 plan is then unpacked by your computer system to show you the entirety of the google.com home page utilizing complex math and software all of this communication happens behind the scenes however to you it’s simple and easy to use in fact if we needed to type in 126.96.36.199 into the url bar instead of google.com a lot more individuals would be confused right we don’t speak in numbers or ip addresses we speak in dot coms dot orgs and internet due to the fact that it makes good sense to us so that’s essentially 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 discussed except it’s for ethereum ens means
ethereum name service and practically lets me tell 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 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 creating but anyways if you’re not utilized to comprehending the alternative to sharing whiteboard crypto.eth with someone is i ‘d need to share them this i can’t tell someone that and i couldn’t reliably type that into a computer system you need to copy and paste it and that is basically what ens does is equate
As you likely already know, crypto deals are irreversible. So, when you send out character, unbelievably long ERC-20 address and heaven forbid you mess up one character, you could be sending your preciousinto oblivion never to be seen once again. We all know the painstaking moments in between when you send crypto, to when it comes to the location, praying to the that the address was proper.
The reverse is likewise real, say somebody wishes to send you some and they ruin even a single digit, good luck inquiring to resend more after they just lost their funds. This is extremely problematic, specifically if you are trying to run a company and are relying on payments, with your consumers all running the risk of entering your getting address incorrectly.