comprehending the power of the first thing we’ll need to do is understand dns here…Add Unstoppable Domain To Metamask…
using examples so that’s precisely what we’re going to be utilizing to assist you understand dns so dns means domain name service which is an elegant method of saying that it is a handy service which permits us human beings to key in human understandable addresses into the search bar and then it will immediately turn them into device readable addresses so most of you are probably knowledgeable about ip addresses and those are precisely how a computer at one end of the internet knows how to talk specifically to another computer elsewhere and not simply scream it into the abyss that is the web when you key in google.com and you struck enter your computer system sends out 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 searching for them and then gets a bundle back to send to you now the plan is then unpacked by your computer system to reveal you the totality of the google.com home page utilizing complicated mathematics and software all of this interaction happens behind the scenes however to you it’s basic and easy to use in fact if we had to enter 188.8.131.52 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 internet because it makes good sense to us so that’s basically 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 exact same thing that i simply pointed out other than it’s for ethereum ens means
ethereum name service and pretty much lets me tell you that whiteboardcrypto.eth is my wallet address so you can simply type that in and pay me 20 if you desire by the way if you don’t 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 hard work on this video and the past hundred that we’ve been actually hard at work creating but anyways if you’re not utilized to comprehending the option to sharing whiteboard crypto.eth with somebody is i ‘d need to share them this i can’t inform someone 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 currently know, crypto transactions are permanent. When you send out character, ridiculously 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. We all understand the painstaking moments in between when you send out crypto, to when it gets to the location, praying to the that the address was proper.
The reverse is also real, say somebody wants to send you some and they screw up even a single digit, good luck asking to resend more after they just lost their funds. This is hugely frustrating, particularly if you are trying to run a company and are counting on payments, with your clients all running the risk of entering your getting address improperly.