understanding the power of the first thing we’ll need to do is understand dns here…Unstoppable.Domain…
using examples so that’s exactly what we’re going to be utilizing to help you comprehend dns so dns means domain name service which is a fancy way of stating that it is a helpful service which permits us humans to type in human understandable addresses into the search bar and then it will instantly turn them into maker readable addresses so most of you are probably 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 system somewhere else and not simply shriek it into the abyss that is the web when you type 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 learns and goes to where google is tells them
that you are trying to find them and after that gets a bundle back to send to you now the plan is then unpacked by your computer system to reveal you the entirety of the google.com home page using complex mathematics and software application all of this interaction takes place behind the scenes but to you it’s simple and easy to use in fact if we needed to key in 126.96.36.199 into the url bar instead of google.com a lot more people would be puzzled right we do not 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 same thing that i just pointed out other than it’s for ethereum ens represents
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 desire 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 totally 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 utilized to comprehending the option to sharing white boards crypto.eth with somebody is i ‘d need to share them this i can’t inform someone that and i couldn’t 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 understand, crypto transactions are permanent. So, when you send out character, ridiculously long ERC-20 address and heaven forbid you ruin one character, you could be sending your preciousinto oblivion never to be seen again. We all understand the painstaking minutes between when you send crypto, to when it arrives at the destination, praying to the that the address was correct.
The reverse is also true, state somebody wants to send you some and they mess up even a single digit, all the best asking to resend more after they just lost their funds. This is extremely problematic, especially 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 incorrectly.