understanding the power of the first thing we’ll require to do is understand dns here…Undtoppable Domains…
utilizing examples so that’s exactly what we’re going to be utilizing to help you comprehend dns so dns represents domain name service which is a fancy method of stating that it is a helpful service which enables us humans to enter human readable addresses into the search bar and then it will instantly turn them into machine readable addresses so the majority of you are probably knowledgeable about ip addresses and those are exactly how a computer system at one end of the internet knows how to talk specifically to another computer system elsewhere and not simply shriek it into the abyss that is the web when you key in google.com and you hit enter your computer 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 trying to find them and after that grabs a plan back to send to you now the plan is then unpacked by your computer system to reveal you the totality of the google.com web page using complicated math and software application all of this communication takes place behind the scenes but to you it’s easy and easy to use in fact if we had to type in 22.214.171.124 into the url bar instead of google.com a lot more people would be confused right we do not speak in numbers or ip addresses we speak in dot coms dot orgs and internet because 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 exact same thing that i just mentioned other than it’s for ethereum ens stands for
ethereum name service and pretty much lets me tell 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 hard work on this video and the past hundred that we’ve been actually hard at work producing but anyways if you’re not utilized to comprehending the option to sharing whiteboard crypto.eth with someone is i ‘d have to share them this i can’t inform somebody that and i couldn’t 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 already know, crypto deals are irreversible. When you send out character, ridiculously long ERC-20 address and paradise forbid you mess up one character, you might be sending your preciousinto oblivion never ever to be seen again. We all know the painstaking moments between when you send out crypto, to when it comes to the destination, praying to the that the address was correct.
The reverse is likewise true, say someone wants 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 extremely troublesome, particularly if you are attempting to run a company and are depending on payments, with your customers all risking of entering your getting address improperly.