comprehending the power of the first thing we’ll require to do is understand dns here…Brave Unstoppable Domains…
utilizing examples so that’s exactly what we’re going to be utilizing to help you comprehend dns so dns means domain service which is an elegant way of saying that it is an useful service which permits us people to enter human readable addresses into the search bar and then it will immediately turn them into device understandable addresses so most of you are most likely knowledgeable about ip addresses and those are exactly how a computer system at one end of the internet knows how to talk specifically to another computer elsewhere and not just yell it into the abyss that is the web when you enter google.com and you struck enter your computer sends out 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 looking for them and after that gets a bundle back to send to you now the plan is then unpacked by your computer to reveal you the whole of the google.com home page using complex mathematics and software application all of this communication happens behind the scenes but to you it’s simple and user friendly in fact if we needed to key in 184.108.40.206 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 webs due to the fact that 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 simply discussed other than it’s for ethereum ens means
ethereum name service and basically lets me tell you that whiteboardcrypto.eth is my wallet address so you can simply type that in and pay me 20 if you want by the way if you don’t have 20 and you wish to support the channel do not hesitate to leave a like listed below it’s free and it rewards all our effort on this video and the past hundred that we’ve been actually hard at work developing but anyways if you’re not utilized to comprehending the option to sharing whiteboard crypto.eth with someone is i ‘d need to share them this i can’t inform someone that and i couldn’t 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 already know, crypto deals are irreversible. When you send character, ridiculously 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 comes to the destination, praying to the that the address was right.
The reverse is likewise true, state somebody wants to send you some and they ruin even a single digit, best of luck asking them to resend more after they simply lost their funds. This is hugely frustrating, especially if you are attempting to run a company and are depending on payments, with your customers all risking of entering your getting address incorrectly.