comprehending the power of the first thing we’ll need to do is understand dns here…Unstoppable Domains Dns…
using examples so that’s precisely what we’re going to be using to help you understand dns so dns represents domain name service which is an elegant method of stating that it is a helpful service which allows us people to key in human understandable addresses into the search bar and then it will instantly turn them into machine legible addresses so the majority of you are probably knowledgeable about ip addresses and those are exactly how a computer at one end of the web understands how to talk specifically to another computer somewhere else and not just shout it into the void that is the web when you key in google.com and you hit enter your computer 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 then grabs a plan back to send to you now the bundle is then unpacked by your computer to reveal you the totality of the google.com web page utilizing complicated mathematics and software all of this communication takes place behind the scenes however to you it’s basic and user friendly in fact if we needed to enter 126.96.36.199 into the url bar instead of google.com a lot more people would be confused right we do not speak in numbers or ip addresses we speak in dot coms dot orgs and internet because 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 simply 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 want by the way if you don’t have 20 and you want to support the channel do not hesitate to leave a like below it’s free and it rewards all our hard work on this video and the past hundred that we’ve been truly hard at work developing but 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 someone that and i could not dependably type that into a computer you need to copy and paste it and that is essentially what ens does is translate
As you most likely already know, crypto transactions are permanent. So, when you send character, extremely long ERC-20 address and heaven forbid you ruin one character, you could be sending your preciousinto oblivion never ever to be seen once again. We all understand the painstaking moments in between when you send out crypto, to when it arrives at the destination, praying to the that the address was right.
The reverse is likewise true, state somebody wants to send you some and they screw up even a single digit, all the best inquiring to resend more after they simply lost their funds. This is hugely bothersome, especially if you are trying to run a service and are depending on payments, with your consumers all running the risk of entering your getting address incorrectly.