comprehending the power of the first thing we’ll need to do is understand dns here…Unstoppable Domains Guys…
utilizing examples so that’s exactly what we’re going to be utilizing to help you comprehend dns so dns means domain name service which is an elegant way of saying that it is a handy service which permits us people to enter human readable addresses into the search bar and after that it will instantly turn them into device readable addresses so most of you are most likely familiar with ip addresses and those are exactly how a computer system at one end of the web knows how to talk specifically to another computer somewhere else and not just scream it into the abyss that is the web when you type in google.com and you hit enter your computer sends out a message to your internet service provider saying yo where’s google the internet service provider discovers and goes to where google is tells them
that you are searching for them and after that gets a package back to send out to you now the package is then unpacked by your computer to show you the totality of the google.com home page utilizing complex mathematics and software application all of this communication occurs behind the scenes but to you it’s basic and easy to use 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 confused right we do not speak in numbers or ip addresses we speak in dot coms dot orgs and webs because it makes 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 essentially the very same thing that i just mentioned other than it’s for ethereum ens represents
ethereum name service and basically lets me inform you that whiteboardcrypto.eth is my wallet address so you can merely type that in and pay me 20 if you desire by the way if you don’t have 20 and you want to support the channel do not hesitate to leave a like below it’s free and it rewards all our hard work on this video and the past hundred that we have actually been really hard at work creating however anyways if you’re not utilized to understanding the alternative to sharing whiteboard crypto.eth with somebody is i ‘d need 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 essentially what ens does is translate
As you most likely already know, crypto deals are permanent. So, when you send out character, ridiculously long ERC-20 address and heaven forbid you screw up 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 arrives at the destination, praying to the that the address was proper.
The reverse is also real, state somebody wishes to send you some and they screw up even a single digit, best of luck asking to resend more after they just lost their funds. This is extremely bothersome, particularly if you are attempting to run an organization and are depending on payments, with your clients all running the risk of entering your receiving address incorrectly.