understanding the power of the first thing we’ll require to do is comprehend dns here…Unstoppable Domains Email Address…
using examples so that’s exactly what we’re going to be utilizing to help you understand dns so dns stands for domain name service which is an expensive method of stating that it is a practical service which allows us human beings to key in human understandable addresses into the search bar and then it will instantly turn them into machine 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 understands how to talk particularly to another computer elsewhere and not simply shout it into the abyss that is the web when you enter 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 finds out and goes to where google is tells them
that you are searching for them and after that grabs a bundle back to send out to you now the package is then unpacked by your computer system to reveal you the totality of the google.com home page using complicated math and software all of this communication occurs behind the scenes but to you it’s simple and easy to use in fact if we had to type in 188.8.131.52 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 since it makes 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 very same thing that i simply discussed except it’s for ethereum ens represents
ethereum name service and practically lets me inform you that whiteboardcrypto.eth is my wallet address so you can merely 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 do not hesitate to leave a like below it’s free and it rewards all our effort on this video and the past hundred that we’ve been really hard at work creating 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 somebody that and i could not reliably type that into a computer system you need to copy and paste it and that is basically what ens does is translate
As you most likely currently understand, crypto deals are permanent. So, when you send out character, unbelievably long ERC-20 address and heaven forbid you screw up one character, you could be sending your preciousinto oblivion never to be seen once again. All of us know the painstaking minutes in between when you send crypto, to when it reaches the location, praying to the that the address was appropriate.
The reverse is likewise true, say someone wants to send you some and they mess up even a single digit, good luck inquiring to resend more after they simply lost their funds. This is hugely bothersome, particularly if you are trying to run an organization and are depending on payments, with your customers all running the risk of entering your getting address improperly.