understanding the power of the first thing we’ll need to do is comprehend dns here…Unstoppable Domains Chrome Extension…
using examples so that’s exactly what we’re going to be utilizing to help you comprehend dns so dns stands for domain service which is an expensive method of saying that it is a helpful service which allows us humans to type in human legible addresses into the search bar and after that it will instantly turn them into maker readable 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 specifically to another computer somewhere else and not just shriek it into the void 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 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 plan back to send out to you now the plan is then unpacked by your computer to show you the whole of the google.com web page using complex math and software application all of this communication happens behind the scenes but to you it’s easy and user friendly 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 webs due to the fact that it makes good sense to us so that’s basically what a dns is a translator for people to speak machine code next up let’s see how this works for crypto ens is essentially the very same thing that i just discussed 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 complimentary and it rewards all our effort on this video and the past hundred that we’ve been really hard at work developing but anyways if you’re not utilized to understanding the alternative to sharing whiteboard crypto.eth with somebody is i ‘d have to share them this i can’t tell someone that and i could not dependably type that into a computer system you have to copy and paste it and that is basically what ens does is equate
As you likely currently understand, crypto transactions are permanent. 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. We all know the painstaking moments between when you send out crypto, to when it reaches the location, praying to the that the address was right.
The reverse is also real, say someone wishes to send you some and they ruin even a single digit, all the best inquiring to resend more after they simply lost their funds. This is hugely frustrating, specifically if you are trying to run a service and are depending on payments, with your consumers all risking of entering your getting address incorrectly.