comprehending the power of the first thing we’ll require to do is understand dns here…Blockfi Unstoppable Domains…
utilizing examples so that’s precisely what we’re going to be using to help you understand dns so dns stands for domain service which is a fancy method of stating that it is an useful service which permits us humans to type in human readable addresses into the search bar and after that it will automatically turn them into maker readable addresses so the majority of you are probably knowledgeable about ip addresses and those are exactly how a computer at one end of the internet understands how to talk specifically to another computer system somewhere else and not just shout 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 stating yo where’s google the internet service provider finds out and goes to where google is tells them
that you are trying to find them and after that grabs a package back to send to you now the bundle is then unpacked by your computer to show you the whole of the google.com web page using complex mathematics and software application all of this interaction takes place behind the scenes however to you it’s simple and easy to use in fact if we had to key in 184.108.40.206 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 nets since it makes 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 essentially the very same thing that i just discussed other than it’s for ethereum ens means
ethereum name service and pretty much lets me inform you that whiteboardcrypto.eth is my wallet address so you can merely type that in and pay me 20 if you desire by the way if you don’t have 20 and you wish to support the channel feel free to leave a like listed below it’s free and it rewards all our hard work on this video and the past hundred that we’ve been truly hard at work producing but anyways if you’re not used to comprehending the option to sharing white boards crypto.eth with someone is i ‘d need to share them this i can’t tell somebody that and i could not reliably type that into a computer system you have to copy and paste it and that is basically what ens does is equate
As you most likely currently understand, crypto deals are irreversible. When you send character, extremely long ERC-20 address and heaven forbid you mess up one character, you might be sending your preciousinto oblivion never ever to be seen again. We all understand the painstaking moments between when you send out crypto, to when it gets to the location, praying to the that the address was right.
The reverse is also true, state somebody wishes to send you some and they mess up even a single digit, good luck inquiring to resend more after they just lost their funds. This is hugely bothersome, particularly if you are attempting to run a business and are depending on payments, with your consumers all running the risk of entering your receiving address improperly.