understanding the power of the first thing we’ll need to do is understand dns here…Unstoppable Domains Wallets…
utilizing examples so that’s precisely what we’re going to be using to assist you understand dns so dns stands for domain name service which is an elegant way of saying that it is a handy service which allows us people to enter human legible addresses into the search bar and after that it will instantly turn them into machine legible addresses so the majority of you are probably acquainted with ip addresses and those are exactly how a computer at one end of the internet knows how to talk particularly to another computer somewhere else and not just scream it into the void that is the web when you type in google.com and you struck enter your computer system sends out a message to your internet service provider stating yo where’s google the internet service provider discovers and goes to where google is tells them
that you are trying to find them and then grabs a plan back to send out to you now the plan is then unpacked by your computer to show you the totality of the google.com web page using complicated mathematics and software application all of this interaction happens behind the scenes however to you it’s basic and easy to use in fact if we had to key in 126.96.36.199 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 good 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 essentially the exact same thing that i simply discussed except 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 just 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 do not hesitate to leave a like below it’s totally free and it rewards all our effort on this video and the past hundred that we’ve been truly hard at work producing but anyways if you’re not used to comprehending the option to sharing white boards crypto.eth with somebody is i ‘d have to share them this i can’t inform someone that and i could not dependably type that into a computer you have to copy and paste it which is basically what ens does is equate
As you most likely already understand, crypto deals are irreversible. So, when you send character, ridiculously long ERC-20 address and paradise forbid you mess up one character, you could be sending your preciousinto oblivion never to be seen again. All of us understand the painstaking moments between when you send crypto, to when it gets to the destination, praying to the that the address was appropriate.
The reverse is likewise true, state someone wants to send you some and they mess up even a single digit, good luck inquiring to resend more after they simply lost their funds. This is hugely frustrating, specifically if you are trying to run a business and are counting on payments, with your customers all running the risk of entering your getting address incorrectly.