understanding the power of the first thing we’ll require to do is comprehend dns here…Mint Unstoppable Domains…
utilizing examples so that’s exactly what we’re going to be utilizing to help you understand dns so dns means domain name service which is a fancy method of stating that it is a handy service which permits us humans to key in human readable addresses into the search bar and after that it will instantly turn them into machine legible addresses so the majority of you are probably familiar with ip addresses and those are exactly how a computer at one end of the internet knows how to talk specifically to another computer system elsewhere and not just shriek it into the void that is the web when you type in google.com and you hit enter your computer system sends 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 searching for them and after that grabs a package back to send to you now the package is then unpacked by your computer to show you the totality of the google.com web page using complicated mathematics and software all of this interaction occurs behind the scenes but to you it’s easy and user friendly in fact if we had to key in 18.104.22.168 into the url bar instead of google.com a lot more individuals would be confused right we don’t 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 basically the same thing that i simply pointed out other than it’s for ethereum ens stands for
ethereum name service and pretty much lets me tell 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 wish to support the channel do not hesitate to leave a like below it’s complimentary and it rewards all our hard work on this video and the past hundred that we have actually been really hard at work developing but anyways if you’re not utilized to comprehending the alternative to sharing white boards crypto.eth with somebody is i ‘d need to share them this i can’t inform somebody that and i could not reliably type that into a computer you need to copy and paste it and that is basically what ens does is equate
As you likely already know, crypto deals are irreparable. 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 to be seen again. We all know the painstaking moments 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 somebody wishes to send you some and they mess up even a single digit, good luck asking to resend more after they simply lost their funds. This is hugely bothersome, specifically if you are trying to run a service and are counting on payments, with your consumers all risking of entering your getting address incorrectly.