understanding the power of the first thing we’ll require to do is comprehend dns here…Unstoppable Domains Cost…
utilizing examples so that’s exactly what we’re going to be utilizing to assist you understand dns so dns stands for domain name service which is a fancy method of saying that it is a practical service which permits us people to type in human understandable addresses into the search bar and after that it will instantly turn them into maker readable addresses so most of you are probably familiar with ip addresses and those are precisely how a computer system at one end of the internet understands how to talk particularly to another computer elsewhere and not simply shout 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 finds out 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 system to reveal you the entirety of the google.com home page using complicated math and software all of this communication takes place behind the scenes however to you it’s easy and easy to use in fact if we needed to key in 22.214.171.124 into the url bar instead of google.com a lot more people would be confused right we don’t 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 humans to speak machine code next up let’s see how this works for crypto ens is basically the exact same thing that i simply 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 just type that in and pay me 20 if you desire by the way if you don’t have 20 and you wish 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 have actually been truly hard at work creating however anyways if you’re not used to understanding the option to sharing whiteboard crypto.eth with someone is i ‘d need 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 which is basically what ens does is translate
As you likely currently know, crypto deals are irreparable. When you send out character, ridiculously long ERC-20 address and paradise forbid you mess up one character, you might be sending your preciousinto oblivion never to be seen again. All of us understand the painstaking minutes between when you send out crypto, to when it gets to the destination, praying to the that the address was right.
The reverse is likewise real, say someone wishes to send you some and they screw up even a single digit, good luck asking to resend more after they simply lost their funds. This is hugely troublesome, specifically if you are trying to run a company and are depending on payments, with your customers all running the risk of entering your receiving address incorrectly.