understanding the power of the first thing we’ll need to do is understand dns here…Unstoppable Domain Animals…
utilizing examples so that’s exactly what we’re going to be utilizing to assist you understand dns so dns represents domain service which is a fancy method of stating that it is a practical service which allows us humans to enter human readable addresses into the search bar and after that it will instantly turn them into machine readable 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 web knows how to talk specifically to another computer elsewhere and not just yell it into the abyss that is the web when you key in google.com and you hit enter your computer system 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 looking for them and after that gets a bundle back to send to you now the plan is then unpacked by your computer to reveal you the whole of the google.com home page using complicated mathematics and software all of this interaction occurs behind the scenes but to you it’s basic and user friendly in fact if we had to enter 126.96.36.199 into the url bar instead of google.com a lot more individuals would be confused right we do not speak in numbers or ip addresses we speak in dot coms dot orgs and webs since 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 very same thing that i just mentioned 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 just type that in and pay me 20 if you desire by the way if you do not have 20 and you want to support the channel feel free to leave a like listed below it’s totally 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 option to sharing whiteboard crypto.eth with someone is i ‘d have to share them this i can’t inform someone that and i couldn’t dependably type that into a computer you have to copy and paste it and that is essentially what ens does is equate
As you most likely currently understand, crypto transactions are irreversible. When you send out character, ridiculously long ERC-20 address and heaven forbid you mess up one character, you might be sending your preciousinto oblivion never ever to be seen again. We all know the painstaking minutes in between when you send out crypto, to when it reaches the location, praying to the that the address was appropriate.
The reverse is likewise real, state someone wishes to send you some and they mess up even a single digit, good luck asking to resend more after they just lost their funds. This is hugely bothersome, specifically if you are trying to run a service and are depending on payments, with your customers all running the risk of entering your getting address improperly.