understanding the power of the first thing we’ll require to do is comprehend dns here…Unstoppable Domains Vs…
using examples so that’s precisely what we’re going to be using to help you understand dns so dns represents domain name service which is a fancy way of stating that it is a helpful service which enables us humans to type in human readable addresses into the search bar and then it will immediately turn them into maker readable addresses so the majority of you are probably knowledgeable about ip addresses and those are precisely how a computer system at one end of the web knows how to talk specifically to another computer somewhere else and not simply shout it into the void that is the web when you key in google.com and you hit enter your computer system sends 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 searching for them and after that gets a package back to send to you now the package is then unpacked by your computer system to reveal you the totality of the google.com home page utilizing complicated math and software all of this interaction happens behind the scenes however to you it’s easy and user friendly in fact if we needed to type in 126.96.36.199 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 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 very same thing that i just discussed except it’s for ethereum ens means
ethereum name service and basically 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 want 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 really hard at work developing but anyways if you’re not utilized to understanding the option to sharing whiteboard crypto.eth with someone is i ‘d need to share them this i can’t inform somebody that and i couldn’t dependably type that into a computer you have to copy and paste it which is essentially 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 heaven forbid you mess up one character, you might be sending your preciousinto oblivion never to be seen again. We all understand the painstaking minutes in between when you send out crypto, to when it arrives at the location, praying to the that the address was correct.
The reverse is likewise real, say someone wishes to send you some and they mess up even a single digit, all the best asking them to resend more after they simply lost their funds. This is hugely bothersome, specifically if you are attempting to run a service and are counting on payments, with your clients all running the risk of entering your getting address incorrectly.