understanding the power of the first thing we’ll require to do is understand dns here…Unstoppable Domain Twitter…
utilizing examples so that’s precisely what we’re going to be using to help you understand dns so dns represents domain service which is an expensive way of stating that it is a handy service which allows us people to type in human legible addresses into the search bar and then it will instantly turn them into device understandable addresses so most of you are probably familiar 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 scream it into the void that is the web when you type in google.com and you struck enter your computer sends out a message to your internet service provider stating yo where’s google the internet service provider finds out and goes to where google is tells them
that you are looking for them and after that gets a package back to send out to you now the bundle is then unpacked by your computer to show you the totality of the google.com home page utilizing complex math and software all of this communication happens behind the scenes but to you it’s simple 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 confused right we don’t speak in numbers or ip addresses we speak in dot coms dot orgs and nets because it makes 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 exact same thing that i just pointed out except it’s for ethereum ens means
ethereum name service and practically 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 do not have 20 and you want to support the channel do not hesitate to leave a like listed below it’s complimentary 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 comprehending the option to sharing white boards crypto.eth with somebody is i ‘d need to share them this i can’t tell somebody that and i could not reliably type that into a computer system you have to copy and paste it and that is basically what ens does is equate
As you likely already know, crypto transactions are irreversible. When you send out character, extremely long ERC-20 address and heaven forbid you mess up one character, you might be sending your preciousinto oblivion never to be seen once again. We all understand the painstaking minutes in between when you send out crypto, to when it reaches the destination, praying to the that the address was right.
The reverse is likewise real, say somebody wishes to send you some and they mess up even a single digit, all the best inquiring to resend more after they just lost their funds. This is extremely frustrating, particularly if you are trying to run a business and are relying on payments, with your customers all running the risk of entering your getting address improperly.