comprehending the power of the first thing we’ll need to do is comprehend dns here…Coin Bureau Unstoppable Domains…
utilizing examples so that’s exactly what we’re going to be using to help you understand dns so dns represents domain name service which is an expensive method of stating that it is a valuable service which enables us humans to key in human understandable addresses into the search bar and then it will automatically turn them into maker readable addresses so the majority of you are probably familiar with ip addresses and those are precisely how a computer at one end of the internet knows how to talk specifically to another computer somewhere else and not simply shout it into the abyss 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 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 then grabs a bundle back to send out to you now the package is then unpacked by your computer system to show you the whole of the google.com home page using complex mathematics and software all of this communication takes place behind the scenes but to you it’s easy and easy to use in fact if we had to type in 18.104.22.168 into the url bar instead of google.com a lot more people 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 humans to speak machine code next up let’s see how this works for crypto ens is basically the exact same thing that i simply discussed except it’s for ethereum ens stands for
ethereum name service and pretty much lets me tell 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 totally free and it rewards all our hard work on this video and the past hundred that we’ve been truly hard at work producing however anyways if you’re not utilized to comprehending the alternative to sharing whiteboard crypto.eth with somebody is i ‘d have to share them this i can’t inform someone that and i could not reliably type that into a computer you need to copy and paste it which is basically what ens does is equate
As you likely already know, crypto deals are permanent. So, when you send character, ridiculously long ERC-20 address and paradise forbid you ruin one character, you could be sending your preciousinto oblivion never to be seen again. We all know the painstaking moments in between when you send crypto, to when it reaches 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, best of luck inquiring to resend more after they simply lost their funds. This is extremely frustrating, particularly if you are attempting to run a service and are depending on payments, with your customers all running the risk of entering your receiving address improperly.