comprehending the power of the first thing we’ll need to do is comprehend dns here…Unstoppable Domains Unavailable…
utilizing examples so that’s exactly what we’re going to be using to help you comprehend dns so dns represents domain service which is an elegant way of saying that it is a valuable service which permits us humans to key in human readable addresses into the search bar and after that it will instantly turn them into maker readable addresses so the majority of you are probably acquainted with ip addresses and those are precisely how a computer system at one end of the internet knows how to talk specifically to another computer system somewhere else and not simply 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 stating yo where’s google the internet service provider learns and goes to where google is tells them
that you are searching for them and after that gets a plan back to send out to you now the bundle is then unpacked by your computer system to reveal you the whole of the google.com home page using complicated math and software all of this communication happens behind the scenes but to you it’s basic and user friendly in fact if we had to type in 184.108.40.206 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 internet because it makes good sense to us so that’s basically 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 very same thing that i just discussed other than it’s for ethereum ens means
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 desire by the way if you don’t have 20 and you want 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 have actually been really hard at work creating but anyways if you’re not utilized to comprehending the option to sharing white boards crypto.eth with someone is i ‘d have to share them this i can’t inform somebody that and i could not dependably type that into a computer system you need to copy and paste it and that is basically what ens does is translate
As you most likely currently know, crypto transactions are irreversible. When you send out character, unbelievably long ERC-20 address and paradise forbid you mess up one character, you could be sending your preciousinto oblivion never to be seen once again. We all know the painstaking minutes in between when you send out crypto, to when it arrives at the destination, praying to the that the address was right.
The reverse is also real, say someone wishes to send you some and they mess up even a single digit, best of luck asking them to resend more after they just lost their funds. This is hugely bothersome, specifically if you are attempting to run an organization and are relying on payments, with your customers all risking of entering your receiving address improperly.