comprehending the power of the first thing we’ll need to do is comprehend dns here…Transfer Unstoppable Domain…
using examples so that’s precisely what we’re going to be using to help you comprehend dns so dns stands for domain service which is a fancy method of stating that it is a practical service which permits us human beings to enter human readable addresses into the search bar and after that it will immediately turn them into device readable addresses so most of you are probably familiar with ip addresses and those are precisely how a computer at one end of the internet knows how to talk specifically to another computer elsewhere and not just shout it into the abyss 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 saying 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 plan back to send out to you now the package is then unpacked by your computer to show you the totality of the google.com web page utilizing complex math and software all of this interaction occurs behind the scenes however to you it’s simple and user friendly in fact if we needed to type in 184.108.40.206 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 nets due to the fact that it makes sense to us so that’s basically what a dns is a translator for human beings to speak machine code next up let’s see how this works for crypto ens is essentially the same thing that i simply mentioned other than 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 wish to support the channel feel free to leave a like below it’s free and it rewards all our effort on this video and the past hundred that we’ve been actually hard at work producing however anyways if you’re not used to comprehending the alternative to sharing whiteboard crypto.eth with someone 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 essentially what ens does is translate
As you most likely currently understand, crypto transactions are irreparable. So, when you send out character, unbelievably long ERC-20 address and paradise forbid you ruin one character, you could be sending your preciousinto oblivion never ever to be seen once again. We all understand the painstaking minutes between when you send out crypto, to when it gets to the destination, praying to the that the address was appropriate.
The reverse is likewise true, say somebody wishes to send you some and they ruin even a single digit, all the best inquiring to resend more after they simply lost their funds. This is hugely problematic, particularly if you are trying to run an organization and are counting on payments, with your customers all running the risk of entering your getting address incorrectly.