understanding the power of the first thing we’ll require to do is understand dns here…Unstoppable Domains Templates…
utilizing examples so that’s precisely what we’re going to be using to help you comprehend dns so dns means domain service which is an expensive way of saying that it is a practical service which permits us humans to type in human legible addresses into the search bar and after that it will immediately turn them into machine readable addresses so most of you are probably acquainted with ip addresses and those are exactly how a computer system at one end of the internet understands how to talk specifically to another computer somewhere else and not just shout it into the abyss that is the web when you key in google.com and you hit enter your computer sends out a message to your internet service provider stating 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 then grabs a bundle back to send out to you now the bundle is then unpacked by your computer to show you the totality of the google.com web page using complex mathematics and software application all of this interaction happens behind the scenes but to you it’s easy and user friendly in fact if we had to key in 18.104.22.168 into the url bar instead of google.com a lot more people 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 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 essentially the very same thing that i simply mentioned other than it’s for ethereum ens represents
ethereum name service and pretty much lets me tell you that whiteboardcrypto.eth is my wallet address so you can simply 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 feel free to leave a like below it’s complimentary and it rewards all our effort on this video and the past hundred that we’ve been actually hard at work creating however anyways if you’re not utilized to understanding the option to sharing white boards crypto.eth with somebody is i ‘d need to share them this i can’t tell somebody that and i couldn’t reliably type that into a computer you need to copy and paste it which is basically what ens does is translate
As you likely already know, crypto deals are irreversible. So, when you send character, ridiculously long ERC-20 address and paradise forbid you ruin one character, you could be sending your preciousinto oblivion never to be seen again. We all know the painstaking moments in between when you send crypto, to when it gets to the location, praying to the that the address was correct.
The reverse is likewise real, say somebody wants to send you some and they screw up even a single digit, best of luck asking to resend more after they simply lost their funds. This is hugely bothersome, specifically if you are trying to run an organization and are relying on payments, with your consumers all running the risk of entering your receiving address incorrectly.