comprehending the power of the first thing we’ll need to do is understand dns here…Unstoppable Domains Explained…
using examples so that’s precisely what we’re going to be utilizing to help you understand dns so dns stands for domain service which is an elegant way of stating that it is a handy service which enables us human beings to key in human readable addresses into the search bar and then it will immediately turn them into device readable addresses so the majority of you are probably familiar with ip addresses and those are exactly how a computer at one end of the web understands how to talk particularly to another computer somewhere else and not just shriek it into the void 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 learns and goes to where google is tells them
that you are trying to find them and then grabs a bundle back to send to you now the bundle is then unpacked by your computer system to show you the entirety of the google.com home page utilizing complex math and software all of this interaction happens behind the scenes but to you it’s easy and user friendly in fact if we needed to type in 126.96.36.199 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 nets since it makes sense to us so that’s essentially 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 essentially the exact same thing that i simply pointed out other than it’s for ethereum ens represents
ethereum name service and practically lets me tell you that whiteboardcrypto.eth is my wallet address so you can simply 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 listed below it’s complimentary 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 someone is i ‘d have to share them this i can’t inform somebody that and i couldn’t dependably type that into a computer you have to copy and paste it which is basically 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 to be seen once again. We all understand the painstaking minutes in between when you send out crypto, to when it reaches the destination, praying to the that the address was appropriate.
The reverse is likewise true, state somebody wants to send you some and they ruin even a single digit, good luck asking them to resend more after they just lost their funds. This is extremely frustrating, specifically if you are attempting to run an organization and are counting on payments, with your customers all running the risk of entering your getting address improperly.