understanding the power of the first thing we’ll need to do is understand dns here…Unstoppable Domains Diana…
using examples so that’s precisely what we’re going to be using to help you comprehend dns so dns means domain service which is an expensive way of stating that it is a handy service which permits us humans to key in human understandable addresses into the search bar and after that it will automatically turn them into device legible 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 understands how to talk specifically to another computer system elsewhere and not simply shriek it into the abyss that is the web when you enter 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 discovers and goes to where google is tells them
that you are searching for them and after that gets a package back to send out to you now the plan is then unpacked by your computer system to reveal you the totality of the google.com home page utilizing complex mathematics and software application all of this communication happens behind the scenes but to you it’s easy and user friendly in fact if we had to enter 18.104.22.168 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 nets due to the fact that it makes sense to us so that’s basically what a dns is a translator for human beings to speak machine code next up let’s see how this works for crypto ens is basically the exact same thing that i simply discussed except 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 do not have 20 and you want to support the channel feel free to leave a like below it’s free and it rewards all our effort on this video and the past hundred that we have actually been really hard at work creating but anyways if you’re not utilized to understanding the option to sharing whiteboard crypto.eth with someone is i ‘d need to share them this i can’t inform somebody that and i couldn’t dependably type that into a computer you need to copy and paste it and that is essentially what ens does is equate
As you most likely currently understand, crypto transactions are irreversible. When you send 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 in between when you send out crypto, to when it gets to the location, 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, good luck asking to resend more after they simply lost their funds. This is extremely frustrating, particularly if you are attempting to run an organization and are depending on payments, with your clients all risking of entering your getting address incorrectly.