comprehending the power of the first thing we’ll require to do is understand dns here…Minting Unstoppable Domains…
using examples so that’s exactly what we’re going to be using to assist you comprehend dns so dns means domain name service which is an expensive way of saying that it is a handy service which enables us humans to key in human legible 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 exactly how a computer system at one end of the internet understands how to talk specifically to another computer somewhere else and not simply shriek it into the abyss that is the web when you key in google.com and you hit enter your computer system sends out 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 searching for them and after that gets a bundle back to send out to you now the bundle is then unpacked by your computer system to show you the whole of the google.com home page utilizing complex mathematics 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 had to key in 18.104.22.168 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 internet since it makes good sense to us so that’s essentially 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 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 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 do not hesitate to leave a like below it’s totally free and it rewards all our hard work on this video and the past hundred that we’ve been actually hard at work developing but anyways if you’re not utilized to understanding the alternative to sharing white boards crypto.eth with somebody is i ‘d have to share them this i can’t tell somebody that and i could not dependably type that into a computer you need to copy and paste it which is basically what ens does is translate
As you most likely already know, crypto deals are irreparable. When you send out character, extremely long ERC-20 address and paradise forbid you mess up one character, you might be sending your preciousinto oblivion never to be seen once again. We all understand the painstaking moments between when you send out crypto, to when it arrives at the destination, praying to the that the address was correct.
The reverse is likewise true, say someone wants to send you some and they screw up even a single digit, best of luck asking to resend more after they simply lost their funds. This is hugely frustrating, specifically if you are trying to run a business and are relying on payments, with your customers all running the risk of entering your receiving address improperly.