understanding the power of the first thing we’ll require to do is understand dns here…Unstoppable Domains Giveaway…
using examples so that’s exactly what we’re going to be using to help you comprehend dns so dns means domain name service which is an expensive method of stating that it is a valuable service which enables us humans to enter human understandable addresses into the search bar and then it will instantly turn them into machine readable addresses so the majority of you are most likely familiar with ip addresses and those are exactly how a computer at one end of the internet knows how to talk specifically to another computer elsewhere and not simply shout it into the void that is the web when you enter 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 learns and goes to where google is tells them
that you are searching for them and after that grabs a bundle back to send to you now the package is then unpacked by your computer system to reveal you the whole of the google.com home page utilizing complex math and software application all of this interaction happens behind the scenes however to you it’s simple and easy to use in fact if we had to type in 18.104.22.168 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 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 same thing that i just pointed out other than it’s for ethereum ens means
ethereum name service and pretty much lets me inform you that whiteboardcrypto.eth is my wallet address so you can merely 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 do not hesitate to leave a like below it’s complimentary and it rewards all our hard work on this video and the past hundred that we have actually been really hard at work developing however anyways if you’re not used to understanding the option to sharing whiteboard crypto.eth with somebody is i ‘d need to share them this i can’t inform someone that and i could not reliably type that into a computer system you need to copy and paste it and that is essentially what ens does is equate
As you likely already understand, crypto deals are irreversible. So, when you send out 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 again. We all know the painstaking moments in between when you send crypto, to when it reaches the destination, praying to the that the address was correct.
The reverse is also true, say somebody wants to send you some and they ruin even a single digit, all the best asking to resend more after they just lost their funds. This is extremely troublesome, specifically if you are trying to run an organization and are relying on payments, with your customers all running the risk of entering your receiving address improperly.