understanding the power of the first thing we’ll require to do is comprehend dns here…Unstoppable Domains Matic…
utilizing examples so that’s precisely what we’re going to be utilizing to assist you comprehend dns so dns stands for domain name service which is an elegant method of saying that it is an useful service which permits us human beings to enter human readable addresses into the search bar and after that it will automatically turn them into machine understandable addresses so the majority of you are most likely familiar with ip addresses and those are precisely how a computer at one end of the internet understands how to talk specifically to another computer somewhere else and not simply yell it into the abyss that is the web when you key in google.com and you struck 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 trying to find them and then gets a plan 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 utilizing complicated math and software application all of this communication occurs behind the scenes but to you it’s easy and user friendly in fact if we needed to enter 184.108.40.206 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 due to the fact that it makes sense to us so that’s basically what a dns is a translator for humans to speak machine code next up let’s see how this works for crypto ens is essentially the same thing that i just mentioned other than it’s for ethereum ens represents
ethereum name service and basically lets me tell you that whiteboardcrypto.eth is my wallet address so you can just 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 listed below it’s complimentary and it rewards all our hard work on this video and the past hundred that we have actually been really 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 and that is basically what ens does is equate
As you most likely already know, crypto deals are irreversible. So, when you send out character, ridiculously long ERC-20 address and heaven forbid you ruin one character, you could be sending your preciousinto oblivion never to be seen once again. All of us know the painstaking moments in between when you send out crypto, to when it arrives at the destination, praying to the that the address was correct.
The reverse is likewise real, say someone wishes to send you some and they screw up even a single digit, all the best asking to resend more after they simply lost their funds. This is hugely troublesome, particularly if you are attempting to run a business and are depending on payments, with your customers all risking of entering your getting address incorrectly.