comprehending the power of the first thing we’ll require to do is understand dns here…Unstoppable Domains Web3…
using examples so that’s precisely what we’re going to be utilizing to help you comprehend dns so dns means domain service which is a fancy method of saying that it is a practical service which allows us humans to type in human readable addresses into the search bar and after that it will instantly turn them into maker legible addresses so most of you are probably acquainted with ip addresses and those are precisely how a computer at one end of the internet knows how to talk particularly to another computer system elsewhere and not simply scream it into the abyss that is the web when you type in google.com and you hit enter your computer 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 looking for them and after that gets a plan back to send out to you now the plan is then unpacked by your computer system to reveal you the whole of the google.com web page utilizing complicated math and software all of this interaction occurs behind the scenes however to you it’s basic and user friendly in fact if we had to type in 126.96.36.199 into the url bar instead of google.com a lot more individuals would be puzzled right we don’t speak in numbers or ip addresses we speak in dot coms dot orgs and webs since it makes 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 essentially the same thing that i just discussed except it’s for ethereum ens stands for
ethereum name service and pretty much 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 do not 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 hard work on this video and the past hundred that we’ve been actually hard at work creating but anyways if you’re not used to understanding the option to sharing white boards crypto.eth with somebody is i ‘d have to share them this i can’t tell 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 understand, crypto transactions are irreversible. 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 ever to be seen again. All of us understand the painstaking moments between when you send 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, good luck inquiring to resend more after they simply lost their funds. This is hugely frustrating, especially if you are attempting to run an organization and are relying on payments, with your clients all running the risk of entering your getting address improperly.