understanding the power of the first thing we’ll need to do is comprehend dns here…How Unstoppable Domains Work…
using examples so that’s exactly what we’re going to be using to help you comprehend dns so dns means domain name service which is a fancy way of saying that it is a practical service which enables us human beings to type in human understandable addresses into the search bar and then it will immediately turn them into machine understandable addresses so most of you are probably familiar with ip addresses and those are precisely how a computer system at one end of the web knows how to talk particularly to another computer 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 a message to your internet service provider saying yo where’s google the internet service provider discovers and goes to where google is tells them
that you are trying to find them and then gets a bundle back to send out to you now the package is then unpacked by your computer to reveal you the whole of the google.com home page using complex math and software application all of this communication occurs behind the scenes however to you it’s simple and easy to use in fact if we needed to type in 188.8.131.52 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 internet due to the fact that it makes good 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 other than it’s for ethereum ens means
ethereum name service and pretty much lets me inform you that whiteboardcrypto.eth is my wallet address so you can just type that in and pay me 20 if you desire by the way if you do not have 20 and you want to support the channel do not hesitate 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 truly hard at work developing but anyways if you’re not used to understanding the alternative to sharing whiteboard crypto.eth with somebody is i ‘d need to share them this i can’t inform someone that and i could not dependably type that into a computer system you have to copy and paste it and that is essentially what ens does is equate
As you likely already understand, crypto deals are irreparable. When you send out character, ridiculously long ERC-20 address and paradise forbid you mess up one character, you could 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 appropriate.
The reverse is likewise true, state someone wants to send you some and they ruin even a single digit, best of luck asking them to resend more after they simply lost their funds. This is extremely frustrating, particularly if you are trying to run an organization and are counting on payments, with your consumers all running the risk of entering your receiving address incorrectly.