comprehending the power of the first thing we’ll require to do is understand dns here…Unstoppable Domains Ad Girl…
using examples so that’s exactly what we’re going to be using to assist you understand dns so dns means domain name service which is an elegant way of stating that it is a helpful service which enables us humans to key in human readable addresses into the search bar and after that it will automatically turn them into device understandable addresses so the majority of you are most likely knowledgeable about ip addresses and those are exactly how a computer system at one end of the internet understands how to talk specifically to another computer elsewhere and not just shriek it into the void that is the web when you key in google.com and you struck enter your computer system 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 searching for them and after that grabs a bundle back to send to you now the plan is then unpacked by your computer to reveal you the totality of the google.com home page utilizing complex mathematics and software all of this interaction takes place behind the scenes however 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 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 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 simply discussed except it’s for ethereum ens stands for
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 want by the way if you do not have 20 and you want 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’ve been truly hard at work producing but anyways if you’re not used to understanding the option to sharing whiteboard crypto.eth with somebody 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 translate
As you likely already know, crypto transactions are permanent. When you send character, unbelievably long ERC-20 address and heaven forbid you mess up one character, you might be sending your preciousinto oblivion never ever to be seen once again. We all understand the painstaking minutes between when you send out crypto, to when it reaches the destination, praying to the that the address was proper.
The reverse is likewise real, say someone wishes to send you some and they screw up even a single digit, good luck inquiring to resend more after they just lost their funds. This is hugely frustrating, particularly if you are trying to run a service and are depending on payments, with your clients all risking of entering your getting address incorrectly.