comprehending the power of the first thing we’ll require to do is understand dns here…Unstoppable Domains Offer…
using examples so that’s exactly what we’re going to be utilizing to help you comprehend dns so dns stands for domain service which is an elegant method of saying that it is an useful service which permits us human beings to key in human legible addresses into the search bar and then it will automatically turn them into maker understandable addresses so most of you are most likely familiar with ip addresses and those are exactly how a computer system at one end of the internet knows how to talk particularly to another computer system somewhere else and not just yell it into the abyss that is the web when you type in google.com and you hit 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 searching for them and then gets a plan back to send to you now the package is then unpacked by your computer system to show you the entirety of the google.com web page using complex mathematics and software application all of this communication takes place behind the scenes however to you it’s simple and user friendly in fact if we had to enter 220.127.116.11 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 webs because it makes good 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 exact same thing that i simply mentioned other than it’s for ethereum ens represents
ethereum name service and practically lets me inform you that whiteboardcrypto.eth is my wallet address so you can simply type that in and pay me 20 if you want by the way if you don’t have 20 and you wish to support the channel do not hesitate to leave a like below it’s complimentary and it rewards all our hard work on this video and the past hundred that we’ve been actually hard at work creating but anyways if you’re not utilized to comprehending the option to sharing whiteboard crypto.eth with somebody is i ‘d have 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 which is essentially what ens does is translate
As you 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. We all understand the painstaking minutes between when you send out crypto, to when it reaches the destination, praying to the that the address was correct.
The reverse is likewise true, state somebody wishes to send you some and they ruin even a single digit, all the best asking to resend more after they simply lost their funds. This is hugely bothersome, especially if you are trying to run a business and are depending on payments, with your customers all running the risk of entering your getting address improperly.