comprehending the power of the first thing we’ll need to do is comprehend dns here…Method To Resolve Unstoppable Domains…
utilizing examples so that’s exactly what we’re going to be utilizing to assist you comprehend dns so dns means domain name service which is a fancy method of stating that it is a practical service which enables us humans to enter human legible addresses into the search bar and then it will automatically turn them into machine readable addresses so most of you are most likely familiar 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 somewhere else and not simply shriek it into the abyss 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 finds out and goes to where google is tells them
that you are trying to find them and then gets a plan back to send to you now the bundle is then unpacked by your computer to reveal you the whole of the google.com web page utilizing complex math and software application all of this interaction happens behind the scenes however to you it’s easy and easy to use in fact if we had to enter 220.127.116.11 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 basically 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 just discussed except it’s for ethereum ens means
ethereum name service and pretty much 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 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 have actually been really hard at work creating but anyways if you’re not used to understanding the option to sharing white boards crypto.eth with somebody is i ‘d have to share them this i can’t inform someone that and i could not dependably type that into a computer system you need to copy and paste it which is basically what ens does is equate
As you likely already understand, crypto deals are irreversible. So, when you send character, ridiculously long ERC-20 address and paradise forbid you mess up one character, you could be sending your preciousinto oblivion never ever to be seen once again. All of us know the painstaking moments between when you send crypto, to when it gets to the destination, praying to the that the address was appropriate.
The reverse is also real, state someone wants to send you some and they ruin even a single digit, good luck asking them to resend more after they just lost their funds. This is hugely problematic, especially if you are trying to run a service and are depending on payments, with your consumers all running the risk of entering your receiving address incorrectly.