comprehending the power of the first thing we’ll need to do is understand dns here…Unstoppable Domains Referral Code…
utilizing examples so that’s precisely what we’re going to be using to assist you comprehend dns so dns stands for domain name service which is a fancy way of stating that it is a handy service which allows us humans to key in human legible addresses into the search bar and after that it will immediately turn them into machine understandable addresses so the majority of you are most likely familiar with ip addresses and those are exactly how a computer at one end of the web knows how to talk particularly to another computer system elsewhere and not just shout it into the abyss that is the web when you key in google.com and you struck enter your computer system 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 trying to find them and then grabs a package back to send out to you now the package is then unpacked by your computer to show you the entirety of the google.com web page using complicated math and software all of this communication takes place behind the scenes but to you it’s simple and user friendly in fact if we needed to key in 220.127.116.11 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 nets due to the fact that it makes 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 just discussed except it’s for ethereum ens represents
ethereum name service and basically lets me tell 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 want to support the channel feel free to leave a like below it’s free and it rewards all our hard work on this video and the past hundred that we have actually been actually hard at work developing however anyways if you’re not used to understanding the alternative to sharing white boards crypto.eth with somebody is i ‘d need to share them this i can’t inform someone that and i could not dependably type that into a computer you have to copy and paste it which is basically what ens does is translate
As you likely currently understand, crypto deals are irreparable. When you send out character, ridiculously long ERC-20 address and heaven forbid you mess up one character, you could be sending your preciousinto oblivion never ever to be seen once again. All of us know the painstaking moments in between when you send out crypto, to when it reaches the destination, praying to the that the address was appropriate.
The reverse is also true, say somebody wishes to send you some and they ruin even a single digit, all the best asking to resend more after they just lost their funds. This is hugely problematic, specifically if you are attempting to run a service and are depending on payments, with your clients all running the risk of entering your receiving address improperly.