understanding the power of the first thing we’ll need to do is understand dns here…Unstoppable Domains Girl…
utilizing examples so that’s exactly what we’re going to be utilizing to assist you understand dns so dns represents domain name service which is an elegant method of stating that it is a valuable service which allows us human beings to key in human understandable addresses into the search bar and after that it will immediately turn them into machine readable addresses so most of you are most likely knowledgeable about ip addresses and those are exactly how a computer system at one end of the web understands how to talk particularly to another computer system somewhere else and not just shriek it into the void that is the web when you enter google.com and you struck enter your computer system 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 gets a bundle 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 utilizing complicated mathematics and software application all of this communication takes place behind the scenes however to you it’s basic and user friendly in fact if we had to enter 22.214.171.124 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 webs because it makes 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 essentially the very same thing that i just pointed out except it’s for ethereum ens means
ethereum name service and practically 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 feel free to leave a like below it’s 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 used to understanding the option to sharing whiteboard crypto.eth with someone is i ‘d need to share them this i can’t tell somebody that and i could not dependably type that into a computer you have to copy and paste it which is essentially what ens does is equate
As you likely currently understand, crypto transactions are permanent. So, when you send character, ridiculously long ERC-20 address and heaven forbid you ruin one character, you could be sending your preciousinto oblivion never to be seen again. All of us understand the painstaking moments in between when you send out crypto, to when it gets to the location, praying to the that the address was proper.
The reverse is also true, state someone wants to send you some and they mess up even a single digit, best of luck asking to resend more after they simply lost their funds. This is extremely frustrating, especially if you are trying to run a business and are counting on payments, with your customers all running the risk of entering your getting address improperly.