understanding the power of the first thing we’ll need to do is comprehend dns here…Unstoppable Domains Browser…
utilizing examples so that’s precisely what we’re going to be utilizing to help you comprehend dns so dns stands for domain name service which is a fancy method of saying that it is a handy service which enables us humans to key in human readable addresses into the search bar and after that it will automatically turn them into machine readable addresses so the majority of you are probably acquainted with ip addresses and those are exactly how a computer at one end of the web knows how to talk particularly to another computer system somewhere else and not simply shriek it into the abyss that is the web when you enter google.com and you hit enter your computer system sends 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 package back to send out to you now the bundle is then unpacked by your computer to show you the whole of the google.com web page using complicated mathematics and software application all of this interaction occurs behind the scenes however to you it’s simple and easy to use in fact if we had to key in 220.127.116.11 into the url bar instead of google.com a lot more individuals 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 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 very same thing that i simply mentioned other than it’s for ethereum ens represents
ethereum name service and practically lets me inform 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 complimentary and it rewards all our hard work on this video and the past hundred that we’ve been truly hard at work creating however anyways if you’re not used to comprehending the alternative to sharing whiteboard crypto.eth with somebody is i ‘d need to share them this i can’t inform somebody that and i could not reliably type that into a computer system you need to copy and paste it which is basically what ens does is translate
As you most likely currently understand, crypto transactions are permanent. When you send character, extremely long ERC-20 address and paradise forbid you mess up one character, you might be sending your preciousinto oblivion never ever to be seen again. We all understand the painstaking moments between when you send crypto, to when it gets to the location, praying to the that the address was right.
The reverse is also true, say somebody wishes to send you some and they screw up even a single digit, best of luck inquiring to resend more after they just lost their funds. This is extremely frustrating, particularly if you are trying to run a company and are depending on payments, with your clients all running the risk of entering your receiving address incorrectly.