comprehending the power of the first thing we’ll need to do is understand dns here…Unstoppable Domains Legit…
using examples so that’s exactly what we’re going to be using to assist you comprehend dns so dns represents domain name service which is a fancy way of saying that it is a handy service which allows us people to type in human readable addresses into the search bar and then 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 knows how to talk specifically to another computer system somewhere else and not just shout it into the void that is the web when you type in google.com and you hit enter your computer system sends 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 trying to find them and then gets a bundle back to send to you now the bundle is then unpacked by your computer to reveal you the whole of the google.com web page using complicated mathematics and software application all of this communication happens behind the scenes but to you it’s simple and user friendly in fact if we needed to key in 18.104.22.168 into the url bar instead of google.com a lot more people would be confused right we don’t speak in numbers or ip addresses we speak in dot coms dot orgs and nets because it makes good sense to us so that’s essentially what a dns is a translator for human beings to speak machine code next up let’s see how this works for crypto ens is basically the exact same thing that i just pointed out except it’s for ethereum ens represents
ethereum name service and practically lets me tell 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 do not have 20 and you wish to support the channel do not hesitate to leave a like listed below it’s totally free and it rewards all our hard work on this video and the past hundred that we have actually been truly hard at work creating however anyways if you’re not used to understanding the alternative to sharing whiteboard crypto.eth with someone is i ‘d have to share them this i can’t inform someone that and i couldn’t reliably type that into a computer system you need to copy and paste it and that is basically what ens does is equate
As you likely already understand, crypto transactions are irreversible. So, when you send character, unbelievably 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. All of us know the painstaking moments in between when you send out crypto, to when it gets to the destination, praying to the that the address was proper.
The reverse is also true, state somebody wishes to send you some and they ruin even a single digit, all the best asking them to resend more after they just lost their funds. This is extremely troublesome, especially if you are trying to run a company and are depending on payments, with your customers all running the risk of entering your getting address improperly.