comprehending the power of the first thing we’ll require to do is comprehend dns here…Unstoppable Domains Logo Png…
using examples so that’s precisely what we’re going to be using to assist you comprehend dns so dns stands for domain service which is a fancy way of saying that it is a helpful service which permits us people to key in human readable addresses into the search bar and then it will immediately turn them into maker understandable addresses so most of you are probably knowledgeable about ip addresses and those are precisely how a computer at one end of the internet understands how to talk particularly to another computer somewhere else and not just shout it into the void that is the web when you key in google.com and you hit enter your computer system sends out 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 gets a plan back to send out to you now the bundle is then unpacked by your computer to show you the totality of the google.com web page utilizing complicated math and software application all of this communication happens behind the scenes however to you it’s simple and easy to use in fact if we needed to type in 22.214.171.124 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 due to the fact that it makes 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 exact same thing that i simply pointed out other than it’s for ethereum ens means
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 want to support the channel do not hesitate to leave a like below it’s totally free and it rewards all our hard work on this video and the past hundred that we have actually been actually hard at work producing however anyways if you’re not used to understanding the option to sharing whiteboard crypto.eth with somebody is i ‘d have to share them this i can’t tell somebody that and i couldn’t reliably type that into a computer system you have to copy and paste it and that is basically what ens does is equate
As you likely already know, crypto deals are permanent. So, when you send out character, extremely long ERC-20 address and paradise forbid you mess up one character, you could be sending your preciousinto oblivion never ever to be seen once again. We all understand the painstaking moments between when you send out crypto, to when it arrives at the location, praying to the that the address was appropriate.
The reverse is likewise true, say someone wishes to send you some and they screw up even a single digit, best of luck asking them to resend more after they simply lost their funds. This is extremely bothersome, especially if you are trying to run an organization and are counting on payments, with your customers all running the risk of entering your receiving address incorrectly.