comprehending the power of the first thing we’ll need to do is understand dns here…Unstoppable Domains Location…
utilizing examples so that’s exactly what we’re going to be using to help you understand dns so dns represents domain service which is an elegant way of saying that it is a handy service which allows us people to enter human legible addresses into the search bar and then it will automatically turn them into maker understandable addresses so most of you are probably knowledgeable about ip addresses and those are precisely how a computer system at one end of the internet understands how to talk particularly to another computer system somewhere else and not simply scream it into the abyss 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 after that gets a bundle back to send to you now the bundle is then unpacked by your computer to reveal you the entirety of the google.com home page using complicated math and software all of this communication occurs behind the scenes however to you it’s simple and easy to use in fact if we needed to enter 220.127.116.11 into the url bar instead of google.com a lot more people 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 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 simply discussed except it’s for ethereum ens stands for
ethereum name service and practically lets me tell 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 do not have 20 and you wish to support the channel feel free 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 producing however 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 inform somebody that and i could not dependably type that into a computer you have to copy and paste it and that is essentially what ens does is translate
As you likely already know, crypto transactions are irreparable. So, when you send character, extremely long ERC-20 address and paradise forbid you ruin one character, you could be sending your preciousinto oblivion never to be seen once again. All of us understand the painstaking moments between when you send crypto, to when it arrives at the destination, praying to the that the address was proper.
The reverse is also true, state somebody wants to send you some and they ruin even a single digit, good luck asking them to resend more after they simply lost their funds. This is hugely bothersome, particularly if you are trying to run a business and are relying on payments, with your customers all running the risk of entering your getting address improperly.