comprehending the power of the first thing we’ll need to do is comprehend dns here…Unstoppable Domains Unreleased…
using examples so that’s precisely what we’re going to be utilizing to assist you understand dns so dns represents domain service which is a fancy way of saying that it is a practical service which permits us humans to enter human legible addresses into the search bar and then it will automatically turn them into device understandable addresses so the majority 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 system elsewhere and not just yell it into the abyss that is the web when you type in google.com and you hit enter your computer sends a message to your internet service provider saying yo where’s google the internet service provider finds out and goes to where google is tells them
that you are searching for them and after that grabs a plan back to send out to you now the package is then unpacked by your computer system to reveal you the totality of the google.com home page using complicated mathematics and software application all of this interaction takes place behind the scenes but to you it’s easy and easy to use in fact if we needed to enter 22.214.171.124 into the url bar instead of google.com a lot more individuals would be confused right we do not speak in numbers or ip addresses we speak in dot coms dot orgs and nets due to the fact that it makes sense to us so that’s basically 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 exact same thing that i simply discussed other than it’s for ethereum ens represents
ethereum name service and practically 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 don’t 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 hard work on this video and the past hundred that we have actually been actually hard at work creating however anyways if you’re not utilized to comprehending the option to sharing whiteboard crypto.eth with somebody is i ‘d have to share them this i can’t tell someone that and i could not reliably type that into a computer system you have to copy and paste it and that is essentially what ens does is equate
As you most likely already know, crypto deals are permanent. So, when you send out character, extremely long ERC-20 address and heaven forbid you screw up one character, you could be sending your preciousinto oblivion never to be seen again. We all understand the painstaking minutes between when you send crypto, to when it gets to the location, praying to the that the address was correct.
The reverse is also real, say someone 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 extremely troublesome, particularly if you are trying to run a company and are depending on payments, with your consumers all running the risk of entering your receiving address incorrectly.