comprehending the power of the first thing we’ll require to do is understand dns here…Best Unstoppable Domain Names…
utilizing examples so that’s exactly what we’re going to be using to help you comprehend dns so dns means domain service which is a fancy way of saying that it is a valuable service which allows us human beings to type in human legible addresses into the search bar and then it will automatically turn them into maker readable addresses so most of you are most likely familiar with ip addresses and those are exactly how a computer at one end of the web understands how to talk particularly to another computer somewhere else and not simply shriek it into the void that is the web when you key in google.com and you struck enter your computer system 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 searching for them and after that gets a plan back to send out to you now the package is then unpacked by your computer to reveal you the entirety of the google.com home page using complicated mathematics and software application all of this interaction happens behind the scenes however to you it’s simple and user friendly in fact if we needed to type in 184.108.40.206 into the url bar instead of google.com a lot more people would be puzzled right we do not speak in numbers or ip addresses we speak in dot coms dot orgs and webs because it makes sense to us so that’s basically what a dns is a translator for humans to speak machine code next up let’s see how this works for crypto ens is basically the same thing that i just pointed out other than it’s for ethereum ens represents
ethereum name service and pretty much lets me inform you that whiteboardcrypto.eth is my wallet address so you can just 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 feel free 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 truly hard at work developing however anyways if you’re not used to comprehending the option to sharing whiteboard crypto.eth with somebody is i ‘d have to share them this i can’t tell somebody that and i could not reliably type that into a computer system you need to copy and paste it which is basically what ens does is equate
As you most likely currently know, crypto deals are irreparable. When you send out character, extremely long ERC-20 address and heaven forbid you mess up one character, you could be sending your preciousinto oblivion never to be seen again. We all know the painstaking minutes between when you send crypto, to when it comes to the destination, praying to the that the address was proper.
The reverse is also true, say somebody wants to send you some and they mess up even a single digit, all the best asking to resend more after they simply lost their funds. This is extremely frustrating, especially if you are trying to run an organization and are depending on payments, with your customers all risking of entering your receiving address incorrectly.