understanding the power of the first thing we’ll require to do is understand dns here…Unstoppable Domains Free Claim…
utilizing examples so that’s exactly what we’re going to be utilizing to assist you comprehend dns so dns stands for domain service which is a fancy way of saying that it is a helpful service which allows us human beings to key in human legible addresses into the search bar and then it will instantly turn them into device understandable addresses so most of you are probably knowledgeable about ip addresses and those are exactly how a computer at one end of the internet understands how to talk specifically to another computer somewhere else and not simply yell it into the void that is the web when you key in google.com and you hit enter your computer sends a message to your internet service provider stating 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 then gets a plan back to send to you now the plan is then unpacked by your computer system to show you the totality of the google.com home page using complicated mathematics and software all of this interaction takes place behind the scenes however to you it’s basic and user friendly in fact if we had to key in 220.127.116.11 into the url bar instead of google.com a lot more individuals would be puzzled right we don’t speak in numbers or ip addresses we speak in dot coms dot orgs and nets since it makes good sense to us so that’s essentially what a dns is a translator for people to speak machine code next up let’s see how this works for crypto ens is basically the same thing that i simply mentioned except it’s for ethereum ens means
ethereum name service and basically lets me inform 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 don’t have 20 and you wish 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 truly hard at work producing but anyways if you’re not used to understanding the alternative to sharing white boards crypto.eth with someone is i ‘d have to share them this i can’t inform somebody that and i could not reliably type that into a computer you need to copy and paste it which is basically what ens does is equate
As you most likely already know, crypto transactions are irreversible. 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 between when you send crypto, to when it arrives at the location, praying to the that the address was appropriate.
The reverse is also true, state somebody wishes to send you some and they ruin even a single digit, all the best inquiring to resend more after they just lost their funds. This is hugely problematic, especially if you are trying to run an organization and are relying on payments, with your clients all running the risk of entering your getting address improperly.