comprehending the power of the first thing we’ll need to do is understand dns here…Unstappable Domains…
using examples so that’s precisely what we’re going to be utilizing to help you comprehend dns so dns means domain service which is an elegant way of stating that it is a valuable service which allows us humans to enter human readable addresses into the search bar and after that it will immediately turn them into maker understandable addresses so most of you are most likely acquainted with ip addresses and those are precisely how a computer system at one end of the web understands how to talk specifically to another computer elsewhere and not just shriek it into the void that is the web when you key in google.com and you hit enter your computer sends out a message to your internet service provider saying 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 plan back to send out to you now the bundle is then unpacked by your computer system to show you the whole of the google.com web page using complicated math and software all of this communication occurs behind the scenes however to you it’s simple and easy to use in fact if we had to enter 18.104.22.168 into the url bar instead of google.com a lot more people 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 people to speak machine code next up let’s see how this works for crypto ens is basically the same thing that i simply mentioned other than it’s for ethereum ens means
ethereum name service and pretty much lets me tell you that whiteboardcrypto.eth is my wallet address so you can merely type that in and pay me 20 if you desire by the way if you do not have 20 and you wish to support the channel do not hesitate to leave a like listed below it’s complimentary and it rewards all our effort on this video and the past hundred that we have actually been actually hard at work creating 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 tell someone that and i couldn’t dependably type that into a computer you have to copy and paste it which is basically what ens does is equate
As you most likely currently know, crypto transactions are permanent. When you send out character, unbelievably 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 moments between when you send crypto, to when it comes to the destination, praying to the that the address was correct.
The reverse is also real, say somebody wishes to send you some and they screw up even a single digit, all the best asking them to resend more after they just lost their funds. This is hugely problematic, specifically if you are attempting to run a service and are relying on payments, with your consumers all running the risk of entering your receiving address incorrectly.