understanding the power of the first thing we’ll need to do is comprehend dns here…Santa Clara Unstoppable Domains…
utilizing examples so that’s precisely what we’re going to be using to assist you understand dns so dns means domain service which is a fancy method of saying that it is a practical service which allows us human beings to enter human legible addresses into the search bar and then it will automatically turn them into machine legible addresses so the majority of you are probably acquainted with ip addresses and those are exactly how a computer at one end of the internet understands how to talk specifically to another computer system elsewhere and not simply yell it into the abyss that is the web when you type 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 learns and goes to where google is tells them
that you are looking for them and after that gets a package back to send out to you now the package is then unpacked by your computer to reveal you the totality of the google.com web page using complex math and software all of this interaction occurs behind the scenes however to you it’s basic and user friendly in fact if we needed to key in 188.8.131.52 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 webs due to the fact that 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 essentially the exact same thing that i just pointed out other than it’s for ethereum ens stands for
ethereum name service and basically 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 do not hesitate to leave a like listed below it’s complimentary and it rewards all our effort on this video and the past hundred that we’ve been really hard at work developing however anyways if you’re not used to comprehending the alternative to sharing whiteboard crypto.eth with someone is i ‘d have to share them this i can’t inform somebody that and i could not dependably type that into a computer system you need to copy and paste it and that is essentially what ens does is equate
As you likely currently know, crypto deals are irreversible. 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 ever to be seen once again. We all understand the painstaking moments in between when you send out crypto, to when it comes to the destination, praying to the that the address was right.
The reverse is likewise real, say somebody wishes to send you some and they mess up even a single digit, best of luck asking to resend more after they just lost their funds. This is hugely bothersome, particularly if you are trying to run a company and are depending on payments, with your consumers all running the risk of entering your receiving address incorrectly.