comprehending the power of the first thing we’ll require to do is comprehend dns here…Unstoppable Domains Blockfi…
using examples so that’s exactly what we’re going to be using to help you comprehend dns so dns means domain name service which is an elegant way of stating that it is a valuable service which allows us humans to enter human legible addresses into the search bar and then it will automatically turn them into machine readable addresses so the majority of you are most likely acquainted 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 somewhere else and not simply shout it into the abyss that is the web when you type in google.com and you struck enter your computer system sends out a message to your internet service provider stating yo where’s google the internet service provider discovers and goes to where google is tells them
that you are trying to find them and then grabs a bundle back to send to you now the plan is then unpacked by your computer to reveal you the entirety of the google.com web page utilizing complex math and software application all of this interaction occurs behind the scenes but to you it’s basic and user friendly in fact if we needed to type in 22.214.171.124 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 nets because it makes 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 essentially the exact same thing that i simply mentioned other than it’s for ethereum ens stands for
ethereum name service and pretty much lets me tell you that whiteboardcrypto.eth is my wallet address so you can simply 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 do not hesitate to leave a like listed 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 producing but 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 tell someone that and i couldn’t reliably type that into a computer system you need to copy and paste it which is essentially what ens does is translate
As you likely already know, crypto deals are irreparable. When you send character, ridiculously long ERC-20 address and heaven forbid you mess up one character, you could be sending your preciousinto oblivion never to be seen once again. We all understand the painstaking moments in between when you send out crypto, to when it arrives at the location, praying to the that the address was proper.
The reverse is likewise true, state somebody wants to send you some and they ruin even a single digit, good luck asking them to resend more after they simply lost their funds. This is hugely bothersome, especially if you are trying to run a service and are counting on payments, with your customers all risking of entering your getting address incorrectly.