understanding the power of the first thing we’ll need to do is understand dns here…Unstoppable Domains Payment…
using examples so that’s precisely what we’re going to be using to help you understand dns so dns stands for domain service which is an elegant way of stating that it is a helpful service which enables us people to key in human legible addresses into the search bar and after that it will immediately 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 web knows how to talk specifically to another computer elsewhere and not simply scream it into the void that is the web when you type in google.com and you hit enter your computer sends a message to your internet service provider saying yo where’s google the internet service provider discovers and goes to where google is tells them
that you are trying to find them and after that gets a bundle back to send to you now the bundle is then unpacked by your computer to reveal you the entirety of the google.com web page utilizing complex math and software all of this communication takes place behind the scenes but to you it’s basic and easy to use in fact if we had to type in 188.8.131.52 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 because it makes good sense to us so that’s essentially 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 exact same thing that i simply mentioned other than it’s for ethereum ens represents
ethereum name service and practically 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 feel free 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 creating but anyways if you’re not used to comprehending the option to sharing white boards crypto.eth with somebody is i ‘d have to share them this i can’t tell somebody that and i couldn’t reliably type that into a computer system you need to copy and paste it and that is basically what ens does is translate
As you most likely currently know, crypto deals are irreversible. So, when you send character, ridiculously long ERC-20 address and heaven forbid you screw up one character, you could be sending your preciousinto oblivion never to be seen again. We all know the painstaking minutes in between when you send crypto, to when it arrives at the location, praying to the that the address was correct.
The reverse is likewise real, state someone wants to send you some and they mess up even a single digit, all the best asking them to resend more after they simply lost their funds. This is hugely frustrating, particularly if you are attempting to run an organization and are depending on payments, with your consumers all running the risk of entering your getting address incorrectly.