comprehending the power of the first thing we’ll need to do is understand dns here…Crypto.Com Unstoppable Domains…
utilizing examples so that’s precisely 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 enables us humans to key in human understandable addresses into the search bar and then it will immediately turn them into maker readable addresses so the majority of you are most likely familiar with ip addresses and those are exactly how a computer at one end of the web knows how to talk specifically to another computer somewhere else and not simply shriek it into the abyss that is the web when you key in google.com and you struck enter your computer sends out 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 looking for them and then grabs a plan back to send out to you now the plan is then unpacked by your computer system to reveal you the whole of the google.com web page using complex math and software all of this interaction occurs behind the scenes but to you it’s easy and easy to use in fact if we needed to type in 220.127.116.11 into the url bar instead of google.com a lot more people would be puzzled right we don’t speak in numbers or ip addresses we speak in dot coms dot orgs and nets since it makes good 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 very same thing that i simply discussed except it’s for ethereum ens stands for
ethereum name service and practically lets me tell you that whiteboardcrypto.eth is my wallet address so you can merely type that in and pay me 20 if you want by the way if you don’t have 20 and you want 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 developing however anyways if you’re not used to understanding the option to sharing white boards crypto.eth with someone 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 have to copy and paste it which is essentially what ens does is translate
As you most likely already know, crypto transactions are irreparable. So, when you send character, unbelievably long ERC-20 address and paradise forbid you screw up one character, you could be sending your preciousinto oblivion never to be seen again. We all understand the painstaking moments in between when you send out crypto, to when it arrives at the location, praying to the that the address was appropriate.
The reverse is also real, state someone wants to send you some and they ruin even a single digit, best of luck asking them to resend more after they just lost their funds. This is extremely troublesome, particularly if you are attempting to run an organization and are depending on payments, with your clients all risking of entering your receiving address incorrectly.