comprehending the power of the first thing we’ll require to do is comprehend dns here…Unstoppable Domains WordPress…
utilizing examples so that’s precisely what we’re going to be utilizing to assist you comprehend dns so dns stands for domain service which is an expensive method of saying that it is a practical service which allows us human beings to key in human understandable addresses into the search bar and then it will instantly turn them into device legible addresses so most of you are most likely acquainted with ip addresses and those are precisely how a computer at one end of the internet understands how to talk particularly to another computer somewhere else and not simply scream it into the abyss that is the web when you enter google.com and you hit enter your computer sends out a message to your internet service provider stating yo where’s google the internet service provider learns and goes to where google is tells them
that you are looking for them and after that grabs a package back to send to you now the bundle is then unpacked by your computer system to reveal you the entirety of the google.com web page using complex mathematics and software application all of this communication happens behind the scenes however to you it’s easy and user friendly in fact if we had to enter 220.127.116.11 into the url bar instead of google.com a lot more individuals would be puzzled right we do not speak in numbers or ip addresses we speak in dot coms dot orgs and webs because 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 essentially the exact same thing that i simply discussed except it’s for ethereum ens means
ethereum name service and pretty much lets me tell you that whiteboardcrypto.eth is my wallet address so you can merely 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 feel free to leave a like below it’s free and it rewards all our hard work on this video and the past hundred that we’ve been really hard at work producing however anyways if you’re not utilized to comprehending the alternative to sharing white boards crypto.eth with someone is i ‘d need to share them this i can’t inform someone that and i couldn’t reliably type that into a computer system you have to copy and paste it which is basically what ens does is translate
As you most likely already understand, crypto deals are irreparable. When you send 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. All of us 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 appropriate.
The reverse is likewise real, state somebody wishes to send you some and they screw up even a single digit, good luck asking them to resend more after they simply lost their funds. This is extremely bothersome, especially if you are attempting to run an organization and are depending on payments, with your consumers all running the risk of entering your receiving address improperly.