understanding the power of the first thing we’ll require to do is comprehend dns here…Unstoppable Blockchain Domains…
using examples so that’s precisely what we’re going to be using to help you comprehend dns so dns stands for domain name service which is an elegant method of stating that it is a handy service which permits us people to enter human legible addresses into the search bar and after that it will automatically turn them into device legible addresses so the majority of you are most likely acquainted with ip addresses and those are exactly how a computer system 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 key in google.com and you struck enter your computer sends out 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 searching for them and then grabs a plan back to send to you now the bundle is then unpacked by your computer system to reveal you the entirety of the google.com home page using complicated math and software application all of this interaction takes place behind the scenes but to you it’s basic and user friendly in fact if we needed to key in 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 good 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 pointed out except 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 just 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 feel free to leave a like below it’s complimentary and it rewards all our hard work on this video and the past hundred that we have actually been really hard at work creating but anyways if you’re not used to comprehending the option to sharing whiteboard crypto.eth with someone is i ‘d need to share them this i can’t inform someone that and i could not reliably type that into a computer you need to copy and paste it which is basically what ens does is equate
As you most likely currently know, crypto deals are irreversible. So, when you send out character, ridiculously long ERC-20 address and paradise forbid you mess up one character, you could be sending your preciousinto oblivion never to be seen once again. We all know the painstaking minutes between when you send out crypto, to when it arrives at the location, praying to the that the address was proper.
The reverse is likewise real, say someone wishes to send you some and they mess up even a single digit, best of luck inquiring to resend more after they simply lost their funds. This is extremely bothersome, particularly if you are trying to run an organization and are relying on payments, with your clients all risking of entering your getting address improperly.