This is a superscription that tells about the psalm. Some scholars say that this is part of the scripture and some say that it is not. (See "What are Superscriptions in Psalms" in [Introduction to Psalms](../front/intro.md).)
God's "name" represents his whole being. Alternate translation: "people all over the world know that you are very great" (See: [[rc://en/ta/man/jit/figs-metonymy]])