understanding the power of the first thing we’ll require to do is comprehend dns here…Unstoppable Domains Net Worth…
utilizing examples so that’s precisely what we’re going to be using to help you understand dns so dns means domain service which is an elegant way of stating that it is a handy service which enables us people to key in human readable addresses into the search bar and after that it will automatically turn them into device legible addresses so most of you are most likely acquainted with ip addresses and those are exactly how a computer system at one end of the internet knows how to talk specifically to another computer elsewhere and not simply shout it into the void that is the web when you enter google.com and you struck enter your computer system sends out a message to your internet service provider saying 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 bundle back to send to you now the plan is then unpacked by your computer to show you the totality of the google.com home page using complicated mathematics and software application all of this interaction takes place behind the scenes but to you it’s basic and easy to use in fact if we had to type in 126.96.36.199 into the url bar instead of google.com a lot more people would be puzzled right we do not speak in numbers or ip addresses we speak in dot coms dot orgs and internet 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 discussed except it’s for ethereum ens stands for
ethereum name service and pretty much 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 don’t have 20 and you want to support the channel do not hesitate to leave a like listed below it’s free and it rewards all our effort on this video and the past hundred that we have actually been really hard at work creating however anyways if you’re not utilized to understanding the alternative to sharing white boards crypto.eth with someone is i ‘d have to share them this i can’t inform someone that and i could not dependably type that into a computer you need to copy and paste it which is basically what ens does is equate
As you likely already know, crypto transactions are irreversible. So, when you send out character, unbelievably 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 minutes between when you send crypto, to when it reaches the destination, praying to the that the address was proper.
The reverse is likewise true, state somebody wants to send you some and they mess up even a single digit, all the best asking to resend more after they just lost their funds. This is extremely frustrating, especially if you are attempting to run a business and are counting on payments, with your consumers all risking of entering your receiving address incorrectly.