understanding the power of the first thing we’ll need to do is understand dns here…Unstoppable Domains Wikipedia…
utilizing examples so that’s exactly what we’re going to be using to assist you understand dns so dns represents domain name service which is a fancy way of saying that it is a valuable service which permits us human beings to enter human understandable addresses into the search bar and then it will immediately turn them into maker understandable addresses so most of you are most likely acquainted with ip addresses and those are precisely how a computer system at one end of the internet understands how to talk specifically to another computer elsewhere and not simply shriek it into the void that is the web when you type 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 trying to find them and after that gets a package back to send out to you now the bundle is then unpacked by your computer system to show you the whole of the google.com web page utilizing complex math and software all of this interaction happens behind the scenes but to you it’s basic and user friendly in fact if we had to enter 184.108.40.206 into the url bar instead of google.com a lot more people would be puzzled right we don’t speak in numbers or ip addresses we speak in dot coms dot orgs and internet since it makes good sense to us so that’s basically 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 pointed out except it’s for ethereum ens represents
ethereum name service and pretty much lets me tell 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 do not hesitate to leave a like listed below it’s free and it rewards all our hard work on this video and the past hundred that we’ve been actually hard at work producing however anyways if you’re not used to understanding the option to sharing white boards crypto.eth with somebody is i ‘d need to share them this i can’t tell somebody that and i couldn’t reliably type that into a computer system you need to copy and paste it which is essentially what ens does is translate
As you most likely already understand, crypto deals are permanent. So, when you send character, ridiculously 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 moments between when you send crypto, to when it gets to the location, praying to the that the address was proper.
The reverse is likewise true, state somebody wishes to send you some and they ruin even a single digit, good luck asking to resend more after they just lost their funds. This is hugely problematic, particularly if you are attempting to run a service and are depending on payments, with your customers all running the risk of entering your receiving address improperly.