understanding the power of the first thing we’ll need to do is understand dns here…Unstoppable Domanins…
utilizing examples so that’s precisely what we’re going to be utilizing to assist you understand dns so dns means domain service which is an elegant method of saying that it is a handy service which allows us humans to enter human understandable addresses into the search bar and then it will instantly turn them into machine understandable addresses so the majority of you are most likely knowledgeable about ip addresses and those are precisely how a computer system at one end of the internet knows how to talk particularly to another computer system elsewhere and not simply shriek it into the abyss that is the web when you key 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 discovers and goes to where google is tells them
that you are looking for them and after that grabs a bundle back to send out to you now the package is then unpacked by your computer to show you the totality of the google.com home page utilizing complicated mathematics and software application all of this communication happens behind the scenes but to you it’s basic and easy to use in fact if we had to type in 126.96.36.199 into the url bar instead of google.com a lot more people 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 sense to us so that’s essentially what a dns is a translator for human beings to speak machine code next up let’s see how this works for crypto ens is basically the same thing that i just pointed out other than 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 simply 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 feel free to leave a like listed below it’s complimentary and it rewards all our hard work on this video and the past hundred that we’ve been really hard at work creating but anyways if you’re not used to comprehending the alternative to sharing whiteboard crypto.eth with somebody is i ‘d need to share them this i can’t tell somebody that and i couldn’t dependably type that into a computer you have to copy and paste it and that is basically what ens does is equate
As you likely already understand, crypto transactions are irreparable. When you send out character, ridiculously long ERC-20 address and heaven forbid you mess up one character, you could be sending your preciousinto oblivion never to be seen again. All of us understand the painstaking minutes between when you send crypto, to when it gets to the destination, praying to the that the address was proper.
The reverse is also real, state someone wishes to send you some and they screw up even a single digit, all the best asking to resend more after they just lost their funds. This is extremely problematic, particularly if you are trying to run a service and are relying on payments, with your consumers all running the risk of entering your getting address incorrectly.