understanding the power of the first thing we’ll need to do is understand dns here…Polygon Domains…
using examples so that’s exactly what we’re going to be using to help you comprehend dns so dns stands for domain name service which is a fancy method of stating that it is a handy service which enables us human beings to type in human readable addresses into the search bar and after that it will instantly turn them into device readable addresses so most of you are most likely knowledgeable about ip addresses and those are exactly how a computer system at one end of the internet knows how to talk particularly to another computer system somewhere else and not just scream it into the abyss that is the web when you type in google.com and you struck enter your computer system sends out a message to your internet service provider stating yo where’s google the internet service provider learns and goes to where google is tells them
that you are searching for them and then grabs a plan back to send to you now the bundle is then unpacked by your computer system to show you the entirety of the google.com web page using complex mathematics and software all of this interaction happens behind the scenes but to you it’s easy and easy to use in fact if we had to type in 126.96.36.199 into the url bar instead of google.com a lot more individuals would be puzzled 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 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 essentially the exact same thing that i simply pointed out 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 just type that in and pay me 20 if you desire by the way if you don’t have 20 and you want to support the channel feel free to leave a like below it’s complimentary and it rewards all our hard work on this video and the past hundred that we’ve been really hard at work creating however anyways if you’re not used to comprehending 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 couldn’t reliably type that into a computer system you have to copy and paste it and that is essentially what ens does is translate
As you likely currently understand, crypto deals are permanent. When you send out character, ridiculously long ERC-20 address and heaven forbid you mess up one character, you could 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 reaches the location, praying to the that the address was proper.
The reverse is also true, say someone wishes to send you some and they screw up even a single digit, best of luck asking them to resend more after they just lost their funds. This is extremely bothersome, especially if you are trying to run a business and are counting on payments, with your consumers all running the risk of entering your getting address improperly.