comprehending the power of the first thing we’ll need to do is understand dns here…How To Add Unstoppable Domain To Metamask…
utilizing examples so that’s exactly what we’re going to be utilizing to help you understand dns so dns stands for domain service which is an elegant way of saying that it is a valuable service which permits us people to enter human understandable addresses into the search bar and after that 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 web understands how to talk particularly to another computer system 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 learns and goes to where google is tells them
that you are searching for them and after that grabs a plan back to send to you now the bundle 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 communication occurs behind the scenes however to you it’s simple and easy to use in fact if we had to enter 126.96.36.199 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 webs since 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 just mentioned except it’s for ethereum ens represents
ethereum name service and basically lets me tell you that whiteboardcrypto.eth is my wallet address so you can just 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 actually hard at work developing but anyways if you’re not utilized to comprehending the alternative to sharing white boards crypto.eth with somebody is i ‘d need to share them this i can’t inform somebody that and i couldn’t reliably type that into a computer system you need to copy and paste it which is essentially what ens does is equate
As you likely already know, crypto transactions 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 to be seen again. We all know the painstaking minutes in between when you send crypto, to when it comes to the location, praying to the that the address was correct.
The reverse is also real, state somebody wishes 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 hugely frustrating, especially if you are attempting to run a business and are counting on payments, with your consumers all running the risk of entering your getting address incorrectly.