comprehending the power of the first thing we’ll need to do is understand dns here…Unstoppable Domains Pending Claim…
using examples so that’s precisely what we’re going to be using to help you comprehend dns so dns represents domain name service which is an elegant method of saying that it is an useful service which enables us human beings to enter human understandable addresses into the search bar and then it will instantly turn them into device legible addresses so the majority of you are probably familiar with ip addresses and those are exactly how a computer at one end of the web understands how to talk specifically to another computer system elsewhere and not just shout it into the abyss that is the web when you type in google.com and you hit enter your computer sends a message to your internet service provider stating yo where’s google the internet service provider finds out and goes to where google is tells them
that you are looking for them and then grabs a package back to send to you now the plan is then unpacked by your computer system to reveal you the totality of the google.com home page using complex math and software application all of this interaction takes place behind the scenes however to you it’s simple and user friendly in fact if we needed to key in 188.8.131.52 into the url bar instead of google.com a lot more individuals would be confused right we do not speak in numbers or ip addresses we speak in dot coms dot orgs and webs due to the fact that 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 essentially the same thing that i just discussed except 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 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 feel free to leave a like below it’s totally free and it rewards all our hard work on this video and the past hundred that we’ve been truly hard at work developing but anyways if you’re not utilized to comprehending the alternative 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 have to copy and paste it and that is essentially what ens does is translate
As you likely currently understand, crypto deals are permanent. When you send character, ridiculously long ERC-20 address and heaven forbid you mess up one character, you might be sending your preciousinto oblivion never ever to be seen again. We all know the painstaking minutes in between when you send out crypto, to when it reaches the destination, praying to the that the address was proper.
The reverse is likewise real, say someone wishes to send you some and they screw up even a single digit, good luck asking them to resend more after they simply lost their funds. This is extremely frustrating, specifically if you are trying to run an organization and are counting on payments, with your consumers all running the risk of entering your getting address improperly.