comprehending the power of the first thing we’ll need to do is understand dns here…Unstoppable Domains Salary…
using examples so that’s exactly what we’re going to be utilizing to help you understand dns so dns means domain name service which is an elegant method of stating that it is a practical service which permits us human beings to enter human understandable addresses into the search bar and then it will instantly turn them into device readable addresses so most 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 particularly to another computer system somewhere else and not simply yell it into the void that is the web when you enter 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 learns and goes to where google is tells them
that you are trying to find them and after that gets a plan back to send to you now the package is then unpacked by your computer to reveal you the totality of the google.com home page using complex mathematics and software all of this communication happens behind the scenes however to you it’s basic and easy to use in fact if we had to enter 220.127.116.11 into the url bar instead of google.com a lot more people would be puzzled right we do not speak in numbers or ip addresses we speak in dot coms dot orgs and nets because 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 discussed except it’s for ethereum ens stands for
ethereum name service and pretty much lets me tell you that whiteboardcrypto.eth is my wallet address so you can just type that in and pay me 20 if you want by the way if you do not 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 hard work on this video and the past hundred that we have actually been actually hard at work creating but anyways if you’re not used to comprehending the option to sharing whiteboard 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 you have to copy and paste it and that is essentially what ens does is equate
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 between when you send crypto, to when it comes to the location, praying to the that the address was correct.
The reverse is also real, say somebody wants to send you some and they mess up even a single digit, all the best asking them to resend more after they just lost their funds. This is hugely problematic, particularly if you are trying to run a service and are depending on payments, with your clients all risking of entering your receiving address improperly.