understanding the power of the first thing we’ll need to do is comprehend dns here…Unstoppable Domains Review…
using examples so that’s precisely what we’re going to be utilizing to help you comprehend dns so dns stands for domain name service which is an expensive method of stating that it is an useful service which permits us humans to type in human readable addresses into the search bar and then it will instantly turn them into device understandable addresses so the majority of you are most likely knowledgeable about 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 just yell it into the void that is the web when you type in google.com and you struck 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 grabs a bundle back to send to you now the bundle is then unpacked by your computer to reveal you the whole of the google.com web page using complex math and software application all of this interaction happens behind the scenes however to you it’s easy and easy to use 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 puzzled right we don’t 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 humans to speak machine code next up let’s see how this works for crypto ens is basically the same thing that i simply pointed out 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 merely type that in and pay me 20 if you desire by the way if you do not have 20 and you wish to support the channel do not hesitate 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 have actually been really hard at work creating however anyways if you’re not utilized to understanding the option to sharing whiteboard crypto.eth with someone is i ‘d need to share them this i can’t inform somebody that and i couldn’t reliably type that into a computer system you need to copy and paste it and that is essentially what ens does is translate
As you likely already understand, crypto deals are permanent. So, when you send out character, ridiculously long ERC-20 address and paradise forbid you screw up one character, you could be sending your preciousinto oblivion never ever to be seen again. We all understand the painstaking minutes in between when you send crypto, to when it reaches the destination, praying to the that the address was appropriate.
The reverse is likewise true, say somebody wishes to send you some and they screw up even a single digit, good luck inquiring to resend more after they just lost their funds. This is hugely problematic, especially if you are trying to run an organization and are depending on payments, with your consumers all risking of entering your receiving address improperly.