understanding the power of the first thing we’ll need to do is understand dns here…Unstoppable Domains Wallet Support…
using examples so that’s precisely what we’re going to be utilizing to assist you understand dns so dns stands for domain name service which is a fancy way of stating that it is a handy service which permits us people to type in human understandable addresses into the search bar and then it will immediately turn them into machine readable addresses so the majority of you are probably familiar with ip addresses and those are precisely how a computer at one end of the internet understands how to talk specifically to another computer somewhere else and not just scream it into the abyss that is the web when you type in 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 finds out and goes to where google is tells them
that you are searching for them and then grabs a plan back to send to you now the plan is then unpacked by your computer system to show you the whole of the google.com web page utilizing complex math and software application all of this interaction happens behind the scenes but to you it’s simple 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 confused right we do not speak in numbers or ip addresses we speak in dot coms dot orgs and nets since it makes sense to us so that’s basically what a dns is a translator for human beings to speak machine code next up let’s see how this works for crypto ens is essentially the very same thing that i simply discussed other than it’s for ethereum ens stands for
ethereum name service and practically lets me inform you that whiteboardcrypto.eth is my wallet address so you can just 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 feel free to leave a like listed below it’s totally free and it rewards all our effort on this video and the past hundred that we have actually been really hard at work developing but anyways if you’re not used to understanding the alternative to sharing white boards crypto.eth with somebody is i ‘d need to share them this i can’t inform someone that and i could not reliably type that into a computer you need to copy and paste it and that is basically what ens does is translate
As you most likely currently understand, crypto deals are irreparable. When you send out character, unbelievably long ERC-20 address and heaven forbid you mess up one character, you could be sending your preciousinto oblivion never ever to be seen once again. We all understand the painstaking moments between when you send crypto, to when it reaches the location, praying to the that the address was proper.
The reverse is likewise true, say somebody 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 problematic, specifically if you are attempting to run a business and are relying on payments, with your customers all running the risk of entering your getting address improperly.