comprehending the power of the first thing we’ll require to do is understand dns here…Unstoppable Domains Sign Up…
using examples so that’s exactly what we’re going to be using to help you understand dns so dns represents domain name service which is an elegant way of saying that it is a valuable service which permits us people to enter human readable addresses into the search bar and then it will automatically turn them into maker readable 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 system elsewhere and not simply scream 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 stating yo where’s google the internet service provider learns and goes to where google is tells them
that you are looking for them and after that gets a plan back to send to you now the bundle is then unpacked by your computer to show you the entirety of the google.com home page utilizing complicated math and software application all of this communication takes place behind the scenes however to you it’s basic and user friendly in fact if we had to enter 22.214.171.124 into the url bar instead of google.com a lot more individuals would be confused right we don’t speak in numbers or ip addresses we speak in dot coms dot orgs and nets because it makes 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 just pointed out other than it’s for ethereum ens represents
ethereum name service and basically lets me inform 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 do not have 20 and you wish to support the channel feel free to leave a like listed below it’s complimentary 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 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 could not dependably type that into a computer system you have to copy and paste it and that is basically what ens does is translate
As you most likely currently understand, crypto transactions are irreparable. So, when you send character, extremely long ERC-20 address and heaven forbid you ruin 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 comes to the location, praying to the that the address was proper.
The reverse is also real, say someone wishes to send you some and they ruin even a single digit, good luck asking to resend more after they simply lost their funds. This is extremely troublesome, specifically if you are attempting to run an organization and are relying on payments, with your customers all risking of entering your getting address incorrectly.