comprehending the power of the first thing we’ll require to do is understand dns here…Unstoppable Domains Ethereum…
utilizing examples so that’s precisely what we’re going to be using to assist you understand dns so dns stands for domain service which is a fancy way of saying 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 maker legible addresses so the majority of you are probably familiar with ip addresses and those are exactly how a computer system at one end of the internet understands how to talk specifically to another computer system somewhere else 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 saying yo where’s google the internet service provider finds out and goes to where google is tells them
that you are looking for them and then grabs a bundle back to send out to you now the bundle is then unpacked by your computer to reveal you the whole of the google.com web page utilizing complex math and software all of this interaction occurs behind the scenes but to you it’s easy and easy to use in fact if we had to type in 22.214.171.124 into the url bar instead of google.com a lot more people would be puzzled right we don’t speak in numbers or ip addresses we speak in dot coms dot orgs and internet since it makes 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 same thing that i simply pointed out except it’s for ethereum ens means
ethereum name service and basically lets me tell you that whiteboardcrypto.eth is my wallet address so you can simply type that in and pay me 20 if you want by the way if you do not have 20 and you want to support the channel feel free to leave a like listed below it’s totally free and it rewards all our effort on this video and the past hundred that we have actually been actually hard at work developing but anyways if you’re not utilized to understanding the option to sharing white boards crypto.eth with somebody is i ‘d have to share them this i can’t inform somebody that and i couldn’t dependably type that into a computer system you have to copy and paste it which is essentially what ens does is equate
As you likely currently understand, crypto deals are irreversible. When you send character, extremely long ERC-20 address and paradise forbid you mess up one character, you might be sending your preciousinto oblivion never ever to be seen once again. We all understand the painstaking minutes in between when you send crypto, to when it comes to the location, praying to the that the address was appropriate.
The reverse is also true, say someone wishes to send you some and they screw up even a single digit, good luck inquiring to resend more after they just lost their funds. This is hugely frustrating, especially if you are attempting to run a company and are counting on payments, with your clients all risking of entering your receiving address improperly.