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comprehending the power of the first thing we’ll require to do is comprehend dns here…Unstoppable Domains Logo…

using examples so that’s precisely what we’re going to be utilizing to help you understand dns so dns stands for domain name service which is an elegant method of stating that it is an useful service which enables us people to type in human understandable addresses into the search bar and then it will automatically turn them into maker legible addresses so most of you are probably familiar with ip addresses and those are exactly how a computer system at one end of the web knows how to talk particularly to another computer system elsewhere 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 saying yo where’s google the internet service provider finds out and goes to where google is tells them

that you are looking for them and after that grabs a plan back to send out to you now the bundle is then unpacked by your computer system to reveal you the entirety of the google.com web page utilizing complicated mathematics and software application all of this interaction happens behind the scenes however to you it’s easy and easy to use in fact if we had to type in 8.8.8.8 into the url bar instead of google.com a lot more people would be confused right we do not speak in numbers or ip addresses we speak in dot coms dot orgs and nets since it makes sense to us so that’s basically 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 very same thing that i simply discussed except it’s for ethereum ens means

ethereum name service and practically 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 listed below it’s totally free and it rewards all our effort on this video and the past hundred that we’ve been actually hard at work producing but anyways if you’re not used to comprehending the option to sharing whiteboard crypto.eth with someone is i ‘d have to share them this i can’t inform somebody that and i couldn’t reliably type that into a computer system you have to copy and paste it which is essentially what ens does is equate

As you most likely already understand, crypto transactions are irreversible. When you send out character, unbelievably long ERC-20 address and paradise forbid you mess up one character, you could be sending your preciousinto oblivion never to be seen once again. We all know the painstaking minutes between when you send crypto, to when it gets to the destination, praying to the that the address was appropriate.

The reverse is likewise real, state someone wishes to send you some and they mess up even a single digit, good luck asking to resend more after they simply lost their funds. This is extremely frustrating, particularly if you are trying to run a company and are relying on payments, with your clients all risking of entering your getting address improperly.