understanding the power of the first thing we’ll need to do is understand dns here…List Of Unstoppable Domains…
using examples so that’s precisely what we’re going to be utilizing to help you understand dns so dns means domain name service which is an elegant way of saying that it is a valuable service which permits us human beings to type in human readable addresses into the search bar and then it will automatically turn them into device legible addresses so most of you are probably acquainted with ip addresses and those are precisely how a computer at one end of the internet knows how to talk specifically to another computer system somewhere else and not simply shriek it into the void that is the web when you type in 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 grabs a package back to send out to you now the package is then unpacked by your computer system to show you the totality of the google.com web page utilizing complex math and software application all of this communication takes place behind the scenes however to you it’s simple and user friendly in fact if we needed to type in 126.96.36.199 into the url bar instead of google.com a lot more people would be confused right we don’t speak in numbers or ip addresses we speak in dot coms dot orgs and webs because 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 very same thing that i simply discussed except it’s for ethereum ens represents
ethereum name service and practically lets me inform 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 below it’s free and it rewards all our effort on this video and the past hundred that we’ve been truly hard at work creating however anyways if you’re not used to comprehending the alternative to sharing white boards crypto.eth with someone is i ‘d have to share them this i can’t tell someone that and i could not dependably type that into a computer you need to copy and paste it and that is basically what ens does is translate
As you likely already know, crypto transactions are irreversible. So, when you send character, unbelievably long ERC-20 address and paradise forbid you ruin 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 arrives at the destination, praying to the that the address was correct.
The reverse is likewise true, state somebody wishes to send you some and they screw up even a single digit, all the best inquiring to resend more after they simply lost their funds. This is hugely frustrating, specifically if you are attempting to run a company and are counting on payments, with your customers all risking of entering your receiving address improperly.