understanding the power of the first thing we’ll need to do is understand dns here…How To Invest In Unstoppable Domains…
utilizing examples so that’s precisely what we’re going to be using to assist you understand dns so dns represents domain name service which is an elegant way of stating that it is a practical service which permits us human beings to type in human legible addresses into the search bar and then it will instantly turn them into machine legible addresses so the majority of you are probably acquainted with ip addresses and those are exactly how a computer system at one end of the web understands how to talk specifically to another computer elsewhere and not simply scream it into the void that is the web when you enter google.com and you hit enter your computer sends out a message to your internet service provider stating yo where’s google the internet service provider discovers and goes to where google is tells them
that you are searching for them and after that grabs a plan back to send out to you now the bundle is then unpacked by your computer system to show you the whole of the google.com web page using complex mathematics and software all of this interaction occurs behind the scenes but to you it’s simple and user friendly in fact if we had to type in 188.8.131.52 into the url bar instead of google.com a lot more individuals would be puzzled right we do not speak in numbers or ip addresses we speak in dot coms dot orgs and nets because it makes sense to us so that’s basically what a dns is a translator for people 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 basically 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 want to support the channel feel free to leave a like below it’s free and it rewards all our effort on this video and the past hundred that we have actually been actually hard at work producing however anyways if you’re not used to comprehending the alternative to sharing white boards crypto.eth with somebody is i ‘d need to share them this i can’t tell someone that and i could not reliably type that into a computer system you need to copy and paste it which is basically what ens does is translate
As you most likely currently know, crypto deals are permanent. So, when you send character, extremely long ERC-20 address and heaven forbid you ruin one character, you could be sending your preciousinto oblivion never ever to be seen once again. All of us know the painstaking minutes in between when you send out crypto, to when it gets to the location, praying to the that the address was right.
The reverse is likewise true, say someone wants to send you some and they ruin even a single digit, all the best asking to resend more after they just lost their funds. This is extremely troublesome, particularly if you are attempting to run a company and are depending on payments, with your clients all risking of entering your getting address incorrectly.