comprehending the power of the first thing we’ll require to do is comprehend dns here…Unstoppable Domain Reddit…
utilizing examples so that’s precisely what we’re going to be utilizing to help you understand dns so dns means domain name service which is an elegant method of saying that it is a helpful service which permits us human beings to type in human understandable addresses into the search bar and then it will automatically turn them into machine understandable addresses so most of you are probably knowledgeable about ip addresses and those are exactly how a computer at one end of the internet understands how to talk particularly to another computer elsewhere and not simply shout it into the abyss that is the web when you enter 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 then gets a plan back to send out to you now the bundle is then unpacked by your computer to reveal you the whole of the google.com home page using complicated math and software all of this interaction happens behind the scenes but to you it’s basic and easy to use in fact if we had to type in 18.104.22.168 into the url bar instead of google.com a lot more people would be puzzled right we don’t 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 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 very same thing that i simply pointed out other than it’s for ethereum ens stands for
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 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 complimentary and it rewards all our hard work on this video and the past hundred that we’ve been really hard at work producing but anyways if you’re not used to comprehending the alternative to sharing white boards crypto.eth with someone is i ‘d need to share them this i can’t tell somebody that and i could not dependably type that into a computer you need to copy and paste it and that is essentially what ens does is equate
As you most likely currently know, crypto deals are irreversible. So, when you send out 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. All of us know the painstaking minutes in between when you send out crypto, to when it reaches the location, praying to the that the address was correct.
The reverse is also real, state someone wants to send you some and they ruin even a single digit, best of luck asking to resend more after they simply lost their funds. This is hugely problematic, specifically if you are attempting to run a service and are depending on payments, with your customers all running the risk of entering your receiving address improperly.