comprehending the power of the first thing we’ll require to do is understand dns here…Unstoppable Domains On Polygon…
utilizing examples so that’s exactly what we’re going to be utilizing to assist you understand dns so dns represents domain name service which is a fancy way of saying that it is a helpful service which permits us humans to enter human understandable addresses into the search bar and after that it will automatically turn them into machine legible addresses so the majority of you are most likely familiar with ip addresses and those are exactly how a computer system at one end of the internet understands how to talk specifically to another computer system elsewhere and not simply shout it into the abyss that is the web when you type in 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 learns and goes to where google is tells them
that you are searching for them and after that gets a bundle back to send to you now the bundle is then unpacked by your computer to show you the entirety of the google.com home page utilizing complex math and software all of this interaction takes place behind the scenes but to you it’s simple and user friendly in fact if we had to enter 126.96.36.199 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 because it makes sense to us so that’s essentially what a dns is a translator for humans to speak machine code next up let’s see how this works for crypto ens is basically the very same thing that i just discussed other than it’s for ethereum ens represents
ethereum name service and pretty much 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 don’t 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 effort on this video and the past hundred that we have actually been truly hard at work developing however anyways if you’re not used to comprehending the option to sharing white boards crypto.eth with someone is i ‘d have to share them this i can’t tell someone that and i could not dependably type that into a computer system you need to copy and paste it and that is essentially what ens does is equate
As you likely currently know, crypto transactions are permanent. So, when you send out character, extremely long ERC-20 address and paradise forbid you ruin 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 out crypto, to when it comes to the location, praying to the that the address was appropriate.
The reverse is also true, state someone wants to send you some and they mess up even a single digit, good luck asking them to resend more after they simply lost their funds. This is hugely troublesome, particularly if you are attempting to run a business and are counting on payments, with your customers all running the risk of entering your getting address improperly.