comprehending the power of the first thing we’ll need to do is understand dns here…Unstoppable Domains Token Airdrop…
using examples so that’s exactly what we’re going to be utilizing to assist you understand dns so dns stands for domain service which is an expensive method of saying that it is a valuable service which enables us human beings to key in human legible addresses into the search bar and then it will instantly turn them into machine readable addresses so most of you are most likely acquainted with ip addresses and those are exactly how a computer system at one end of the web understands how to talk particularly to another computer system somewhere else and not just shriek it into the void that is the web when you enter google.com and you struck enter your computer system sends out 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 system to reveal you the whole of the google.com home page using complicated mathematics and software all of this interaction occurs behind the scenes however to you it’s basic and easy to use in fact if we needed to key in 184.108.40.206 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 internet since 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 just mentioned other than 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 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 feel free to leave a like listed below it’s free and it rewards all our hard work 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 comprehending the alternative to sharing white boards crypto.eth with someone is i ‘d have to share them this i can’t inform somebody that and i couldn’t dependably type that into a computer system you have to copy and paste it which is essentially what ens does is translate
As you likely currently understand, crypto deals are irreparable. When you send character, ridiculously long ERC-20 address and paradise forbid you mess up one character, you might be sending your preciousinto oblivion never to be seen again. We all know the painstaking minutes between when you send crypto, to when it reaches the location, praying to the that the address was proper.
The reverse is also real, say somebody wants to send you some and they screw up even a single digit, best of luck inquiring to resend more after they just lost their funds. This is hugely frustrating, specifically if you are trying to run a business and are counting on payments, with your customers all risking of entering your getting address incorrectly.