Does the endpoint have have to be parse/?

Can we host this on a digital ocean instance so that the endpoint does not have the parse in it. Can we change the name all together?

No, you can use whatever endpoint you want. Just make sure you update the mount path and serverURL to reflect this.

Is this off the EXAMPLE one or Server one.
the url I mean is http://localhost:1337/parse/functions/hello

I want that to be my own : zbob so… http://localhost:1337/zbob/functions/hello

Yes. You can do that.

can you please point me to the a solution I can follow for this

Could you please share your current parse server options and the code that you are using to mount parse server? It will easier to guide you on the current code.