understanding the power of the first thing we’ll require to do is understand dns here…Unstoppable Domains Tutorial…
utilizing examples so that’s precisely what we’re going to be using to help you comprehend dns so dns means domain name service which is a fancy way of stating that it is a practical service which permits us human beings to type in human readable addresses into the search bar and after that it will automatically turn them into machine understandable 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 internet understands how to talk particularly to another computer somewhere else and not just yell it into the abyss that is the web when you enter google.com and you hit enter your computer system sends out 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 looking for them and after that gets a bundle back to send to you now the bundle is then unpacked by your computer to show you the totality of the google.com home page using complex math and software application all of this communication takes place behind the scenes however to you it’s easy and easy to use in fact if we needed to enter 188.8.131.52 into the url bar instead of google.com a lot more people would be confused right we do not speak in numbers or ip addresses we speak in dot coms dot orgs and webs since it makes good sense to us so that’s essentially what a dns is a translator for people to speak machine code next up let’s see how this works for crypto ens is basically the exact same thing that i simply pointed out other than it’s for ethereum ens means
ethereum name service and practically lets me inform you that whiteboardcrypto.eth is my wallet address so you can merely 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 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 developing but anyways if you’re not utilized to understanding the alternative to sharing whiteboard crypto.eth with someone is i ‘d need to share them this i can’t inform someone that and i couldn’t dependably type that into a computer system you have to copy and paste it and that is basically what ens does is equate
As you most likely already understand, crypto transactions are permanent. 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 to be seen again. All of us understand the painstaking minutes in between when you send crypto, to when it comes to the destination, praying to the that the address was proper.
The reverse is also true, say someone wishes to send you some and they ruin even a single digit, all the best asking them to resend more after they just lost their funds. This is hugely problematic, specifically if you are attempting to run a service and are relying on payments, with your customers all running the risk of entering your receiving address incorrectly.