understanding the power of the first thing we’ll require to do is comprehend dns here…Unstoppable Domains Xrp…
utilizing examples so that’s precisely what we’re going to be using to help you comprehend dns so dns stands for domain name service which is an elegant method of saying that it is a practical service which enables us human beings to type in human legible addresses into the search bar and after that it will automatically turn them into machine understandable addresses so most of you are most likely knowledgeable about ip addresses and those are exactly how a computer system at one end of the web knows how to talk specifically to another computer somewhere else 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 saying yo where’s google the internet service provider learns and goes to where google is tells them
that you are searching for them and after that grabs a bundle back to send to you now the bundle is then unpacked by your computer to reveal you the entirety of the google.com web page using complicated mathematics and software all of this communication takes place behind the scenes however to you it’s basic and easy to use in fact if we had to enter 22.214.171.124 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 nets since it makes sense to us so that’s essentially what a dns is a translator for humans to speak machine code next up let’s see how this works for crypto ens is basically the exact same thing that i just pointed out except it’s for ethereum ens means
ethereum name service and basically lets me inform you that whiteboardcrypto.eth is my wallet address so you can simply type that in and pay me 20 if you desire by the way if you don’t have 20 and you want to support the channel feel free to leave a like listed below it’s free and it rewards all our effort on this video and the past hundred that we’ve been really hard at work creating but anyways if you’re not utilized to understanding the alternative to sharing whiteboard crypto.eth with someone is i ‘d need to share them this i can’t tell somebody that and i couldn’t dependably 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 know, crypto deals are irreversible. When you send character, unbelievably long ERC-20 address and paradise forbid you mess up one character, you might be sending your preciousinto oblivion never ever to be seen again. We all know the painstaking minutes between when you send out crypto, to when it comes to the destination, praying to the that the address was right.
The reverse is also real, say somebody wants to send you some and they mess up even a single digit, good luck asking to resend more after they simply lost their funds. This is extremely problematic, specifically if you are attempting to run a service and are relying on payments, with your consumers all risking of entering your receiving address improperly.