comprehending the power of the first thing we’ll require to do is understand dns here…Unstoppable Domain Metamask…
using examples so that’s exactly what we’re going to be utilizing to help you understand dns so dns means domain service which is a fancy method of saying that it is an useful service which allows us human beings to enter human understandable addresses into the search bar and after that it will automatically turn them into maker readable addresses so the majority of you are most likely acquainted with ip addresses and those are precisely how a computer system at one end of the web knows how to talk specifically to another computer somewhere else 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 discovers and goes to where google is tells them
that you are looking for them and after that gets a package back to send to you now the bundle is then unpacked by your computer to reveal you the totality of the google.com web page utilizing complicated mathematics and software all of this communication happens behind the scenes however to you it’s simple and easy to use in fact if we had to enter 22.214.171.124 into the url bar instead of google.com a lot more people would be confused right we don’t speak in numbers or ip addresses we speak in dot coms dot orgs and nets due to the fact that it makes good 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 same thing that i simply pointed out other than it’s for ethereum ens represents
ethereum name service and basically 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 don’t have 20 and you wish to support the channel do not hesitate to leave a like below it’s free and it rewards all our hard work on this video and the past hundred that we have actually been truly hard at work producing but anyways if you’re not utilized to understanding the alternative to sharing whiteboard crypto.eth with someone is i ‘d need to share them this i can’t tell someone that and i could not reliably type that into a computer system you need to copy and paste it and that is essentially what ens does is equate
As you likely currently know, crypto deals are irreversible. 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 to be seen again. All of us understand the painstaking moments in between when you send 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 screw up 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 a service and are depending on payments, with your clients all risking of entering your getting address improperly.