understanding the power of the first thing we’ll require to do is understand dns here…Unstapable Domains…
utilizing examples so that’s precisely what we’re going to be using to assist you comprehend dns so dns represents domain service which is a fancy way of saying that it is a valuable service which enables us humans to type in human readable addresses into the search bar and then it will automatically turn them into device readable addresses so most of you are most likely acquainted with ip addresses and those are exactly how a computer system at one end of the web understands how to talk specifically to another computer elsewhere and not just shout it into the abyss that is the web when you enter google.com and you struck enter your computer system sends out a message to your internet service provider stating yo where’s google the internet service provider learns and goes to where google is tells them
that you are searching for them and after that gets a bundle back to send to you now the bundle is then unpacked by your computer system to reveal you the whole of the google.com web page using complicated math and software application all of this interaction takes place behind the scenes however to you it’s simple and easy to use in fact if we had to enter 184.108.40.206 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 webs because it makes good sense to us so that’s essentially 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 simply discussed except 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 merely type that in and pay me 20 if you want by the way if you do not have 20 and you wish to support the channel feel free 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 truly hard at work developing however anyways if you’re not utilized to understanding the alternative to sharing whiteboard crypto.eth with somebody is i ‘d have to share them this i can’t inform somebody that and i couldn’t reliably type that into a computer system you have to copy and paste it and that is basically what ens does is equate
As you most likely already understand, crypto deals are permanent. When you send character, extremely long ERC-20 address and paradise forbid you mess up one character, you could be sending your preciousinto oblivion never ever to be seen once again. We all know the painstaking moments in between when you send out crypto, to when it gets to the destination, praying to the that the address was proper.
The reverse is also real, state someone wishes to send you some and they ruin even a single digit, all the best asking them to resend more after they just lost their funds. This is hugely bothersome, especially if you are trying to run a company and are relying on payments, with your clients all running the risk of entering your getting address incorrectly.