comprehending the power of the first thing we’ll need to do is understand dns here…Selling Unstoppable Domains…
utilizing examples so that’s precisely what we’re going to be using to help you understand dns so dns stands for domain service which is a fancy way of saying that it is an useful service which allows us human beings to enter human legible addresses into the search bar and after that it will immediately 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 web understands how to talk particularly to another computer system elsewhere and not simply shout it into the void that is the web when you type in google.com and you struck enter your computer system sends 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 trying to find them and after that grabs a plan back to send to you now the plan is then unpacked by your computer to reveal you the totality of the google.com home page utilizing complex math and software all of this interaction takes place behind the scenes however to you it’s basic and easy to use in fact if we needed to key in 22.214.171.124 into the url bar instead of google.com a lot more individuals would be confused 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 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 essentially the very same thing that i simply pointed out except 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 simply type that in and pay me 20 if you want 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 free and it rewards all our effort on this video and the past hundred that we have actually been actually hard at work developing however anyways if you’re not utilized to comprehending the alternative to sharing whiteboard crypto.eth with somebody is i ‘d need to share them this i can’t inform someone that and i could not dependably type that into a computer you need to copy and paste it and that is essentially what ens does is equate
As you most likely already understand, 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 again. All of us know the painstaking minutes in between when you send out crypto, to when it reaches the destination, praying to the that the address was right.
The reverse is also true, state someone wishes to send you some and they screw up even a single digit, all the best asking to resend more after they simply lost their funds. This is hugely frustrating, especially if you are trying to run a service and are relying on payments, with your consumers all running the risk of entering your receiving address improperly.