understanding the power of the first thing we’ll require to do is comprehend dns here…Diana Chen Unstoppable Domains…
using examples so that’s precisely what we’re going to be utilizing to assist you understand dns so dns stands for domain name service which is a fancy method of saying that it is a practical service which enables us human beings to key in human readable addresses into the search bar and after that it will instantly turn them into machine understandable addresses so most of you are most likely acquainted with ip addresses and those are precisely how a computer system at one end of the web knows how to talk specifically to another computer system elsewhere and not just yell it into the void that is the web when you enter google.com and you hit 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 grabs a bundle back to send out to you now the bundle is then unpacked by your computer system to reveal you the entirety of the google.com home page utilizing complicated math and software application all of this communication takes place behind the scenes however to you it’s basic and user friendly in fact if we had to enter 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 nets because it makes good 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 essentially the exact same thing that i simply discussed except it’s for ethereum ens means
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 wish to support the channel feel free to leave a like listed below it’s complimentary and it rewards all our hard work on this video and the past hundred that we’ve been really hard at work creating but anyways if you’re not utilized to comprehending the option to sharing white boards crypto.eth with somebody is i ‘d have to share them this i can’t tell someone that and i couldn’t dependably type that into a computer you have to copy and paste it which is essentially what ens does is equate
As you likely already understand, crypto transactions are permanent. When you send out character, ridiculously long ERC-20 address and paradise forbid you mess up one character, you might be sending your preciousinto oblivion never ever to be seen once again. All of us understand the painstaking moments between when you send crypto, to when it comes to the location, praying to the that the address was appropriate.
The reverse is likewise true, say somebody wishes to send you some and they mess up even a single digit, all the best asking them to resend more after they simply lost their funds. This is hugely troublesome, particularly if you are attempting to run a company and are depending on payments, with your consumers all risking of entering your receiving address incorrectly.