understanding the power of the first thing we’ll require to do is understand dns here…Unstoppable Domain Polygon…
utilizing examples so that’s precisely what we’re going to be utilizing to help you understand dns so dns stands for domain name service which is an elegant way of stating that it is a helpful service which allows us human beings to type in human legible addresses into the search bar and after that it will automatically turn them into machine readable addresses so most of you are most likely knowledgeable about ip addresses and those are exactly how a computer system at one end of the web knows how to talk specifically to another computer somewhere else and not simply shriek it into the abyss that is the web when you key in google.com and you struck enter your computer sends 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 then gets a plan back to send out to you now the bundle is then unpacked by your computer system to show you the totality of the google.com web page using complex mathematics and software application all of this communication occurs behind the scenes however to you it’s easy and easy to use in fact if we needed to key in 184.108.40.206 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 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 basically the very same thing that i just pointed out other than it’s for ethereum ens represents
ethereum name service and pretty much lets me tell you that whiteboardcrypto.eth is my wallet address so you can just 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 below it’s free and it rewards all our effort on this video and the past hundred that we have actually been actually hard at work developing however anyways if you’re not used to understanding the alternative to sharing whiteboard crypto.eth with someone is i ‘d have to share them this i can’t inform somebody that and i could not reliably type that into a computer you have to copy and paste it which is basically what ens does is equate
As you likely already know, crypto deals are permanent. So, 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 to be seen again. We all understand the painstaking moments between when you send out crypto, to when it reaches the destination, praying to the that the address was right.
The reverse is likewise true, state somebody wishes to send you some and they ruin even a single digit, all the best inquiring to resend more after they simply lost their funds. This is hugely troublesome, especially if you are attempting to run a business and are counting on payments, with your customers all risking of entering your getting address improperly.