comprehending the power of the first thing we’ll need to do is comprehend dns here…Unreleased Unstoppable Domains…
utilizing examples so that’s precisely what we’re going to be utilizing to help you understand dns so dns stands for domain name service which is an expensive method of saying that it is an useful service which permits us humans to type in human legible addresses into the search bar and after that it will automatically turn them into machine legible addresses so the majority of you are most likely acquainted with ip addresses and those are precisely how a computer at one end of the web knows how to talk particularly to another computer system somewhere else and not simply shriek it into the abyss that is the web when you enter 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 discovers and goes to where google is tells them
that you are looking for them and after that grabs a package back to send out to you now the plan is then unpacked by your computer system to reveal you the totality of the google.com home page utilizing complicated mathematics and software application all of this communication happens behind the scenes however to you it’s easy and easy to use in fact if we needed to enter 126.96.36.199 into the url bar instead of google.com a lot more individuals would be puzzled right we do not speak in numbers or ip addresses we speak in dot coms dot orgs and nets because it makes sense to us so that’s essentially 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 mentioned other than it’s for ethereum ens means
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 want to support the channel feel free to leave a like listed below it’s free and it rewards all our effort on this video and the past hundred that we have actually been really hard at work producing but anyways if you’re not utilized to understanding the alternative to sharing whiteboard crypto.eth with somebody is i ‘d need to share them this i can’t tell someone that and i couldn’t dependably type that into a computer you need to copy and paste it which is essentially what ens does is equate
As you likely already know, crypto deals are permanent. So, when you send character, unbelievably long ERC-20 address and heaven forbid you screw up one character, you could be sending your preciousinto oblivion never ever to be seen again. All of us know the painstaking moments 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 true, state somebody wishes to send you some and they ruin even a single digit, good luck inquiring to resend more after they simply lost their funds. This is hugely frustrating, particularly if you are attempting to run an organization and are depending on payments, with your consumers all running the risk of entering your getting address improperly.