understanding the power of the first thing we’ll require to do is comprehend dns here…Unstoppable Domains Layer 2 Solution…
using examples so that’s precisely what we’re going to be utilizing to assist you understand dns so dns stands for domain name service which is an expensive way of stating that it is a handy service which permits us people to type in human readable addresses into the search bar and after that it will automatically turn them into machine readable addresses so the majority of you are probably acquainted with ip addresses and those are exactly how a computer at one end of the web understands how to talk specifically to another computer system somewhere else and not just yell it into the void that is the web when you enter google.com and you hit enter your computer system sends a message to your internet service provider stating yo where’s google the internet service provider discovers and goes to where google is tells them
that you are looking 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 web page utilizing complicated math and software all of this interaction occurs behind the scenes however to you it’s basic and user friendly in fact if we needed to key in 126.96.36.199 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 internet due to the fact that 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 essentially the same thing that i just discussed other than it’s for ethereum ens stands for
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 want 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’ve been really hard at work creating but anyways if you’re not utilized to understanding the alternative to sharing white boards crypto.eth with somebody is i ‘d have to share them this i can’t tell somebody that and i couldn’t dependably type that into a computer system you need to copy and paste it and that is essentially what ens does is translate
As you most likely already understand, crypto transactions are irreparable. So, when you send out character, ridiculously long ERC-20 address and heaven forbid you mess up one character, you could be sending your preciousinto oblivion never ever to be seen again. We all know the painstaking minutes between when you send crypto, to when it reaches the destination, praying to the that the address was right.
The reverse is likewise true, state someone wishes to send you some and they screw up even a single digit, all the best asking them to resend more after they simply lost their funds. This is hugely bothersome, especially if you are attempting to run a company and are depending on payments, with your clients all risking of entering your getting address improperly.