comprehending the power of the first thing we’ll require to do is comprehend dns here…How To Sell Domains On Unstoppable Domains…
using examples so that’s exactly what we’re going to be using to help you understand dns so dns stands for domain name service which is an expensive way of saying that it is an useful service which allows us human beings to enter human readable addresses into the search bar and after that it will immediately turn them into maker legible addresses so the majority of you are most likely acquainted with ip addresses and those are exactly how a computer system at one end of the internet knows how to talk particularly to another computer elsewhere and not just scream it into the void that is the web when you key in google.com and you struck enter your computer system sends out 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 looking for them and then gets a bundle back to send out to you now the plan is then unpacked by your computer system to reveal you the totality of the google.com home page utilizing complex math and software application all of this interaction happens behind the scenes but to you it’s simple and easy to use in fact if we had to key in 184.108.40.206 into the url bar instead of google.com a lot more people would be puzzled right we do not speak in numbers or ip addresses we speak in dot coms dot orgs and internet since 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 same thing that i simply pointed out 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 simply 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 complimentary and it rewards all our effort on this video and the past hundred that we have actually been really hard at work developing however anyways if you’re not utilized to understanding 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 and that is essentially what ens does is translate
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 ever to be seen once again. We all know the painstaking moments in between when you send crypto, to when it comes to the location, praying to the that the address was appropriate.
The reverse is also true, state someone wishes 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 problematic, particularly if you are trying to run a service and are relying on payments, with your clients all risking of entering your receiving address incorrectly.