understanding the power of the first thing we’ll need to do is understand dns here…Unstoppable Domains Buy One Get One Free…
utilizing examples so that’s precisely what we’re going to be utilizing to help you comprehend dns so dns means domain service which is an expensive way of saying that it is a handy service which permits us human beings to type in human readable addresses into the search bar and then it will instantly turn them into device legible addresses so most of you are most likely familiar with ip addresses and those are exactly how a computer system at one end of the internet knows how to talk particularly to another computer somewhere else and not simply yell it into the abyss that is the web when you key in google.com and you struck enter your computer sends a message to your internet service provider stating yo where’s google the internet service provider learns and goes to where google is tells them
that you are searching for them and then gets a plan back to send out to you now the package is then unpacked by your computer system to show you the whole of the google.com web page utilizing complicated math and software all of this interaction occurs behind the scenes however to you it’s basic and easy to use in fact if we had to key in 188.8.131.52 into the url bar instead of google.com a lot more individuals would be puzzled right we do not speak in numbers or ip addresses we speak in dot coms dot orgs and internet since it makes good sense to us so that’s essentially what a dns is a translator for people to speak machine code next up let’s see how this works for crypto ens is basically the very same thing that i just pointed out 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 want 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 complimentary and it rewards all our hard work on this video and the past hundred that we have actually been truly hard at work producing however anyways if you’re not used to understanding the option to sharing white boards crypto.eth with somebody is i ‘d have to share them this i can’t inform someone that and i could not dependably type that into a computer system you have to copy and paste it which is essentially what ens does is translate
As you most likely currently know, crypto deals are irreparable. When you send out character, unbelievably long ERC-20 address and paradise forbid you mess up one character, you could be sending your preciousinto oblivion never ever to be seen again. All of us understand the painstaking minutes between when you send out 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 screw up even a single digit, best of luck asking them to resend more after they simply lost their funds. This is extremely problematic, particularly if you are trying to run an organization and are counting on payments, with your clients all risking of entering your receiving address improperly.