comprehending the power of the first thing we’ll require to do is comprehend dns here…Unstoppable Wallet…
utilizing examples so that’s exactly what we’re going to be utilizing to assist you comprehend dns so dns means domain name service which is an expensive method of saying that it is a helpful service which permits us human beings to enter human readable addresses into the search bar and then it will instantly turn them into maker readable addresses so most of you are probably familiar with ip addresses and those are exactly how a computer system at one end of the web understands how to talk particularly to another computer somewhere else and not just shout it into the abyss that is the web when you enter google.com and you hit enter your computer system 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 searching for them and then grabs a bundle back to send to you now the plan is then unpacked by your computer system to show you the totality of the google.com home page utilizing complicated math and software all of this interaction happens behind the scenes however to you it’s basic and easy to use in fact if we had to enter 188.8.131.52 into the url bar instead of google.com a lot more individuals would be confused right we don’t speak in numbers or ip addresses we speak in dot coms dot orgs and nets because it makes good 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 essentially the very same thing that i simply mentioned 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 just 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 do not hesitate to leave a like listed below it’s complimentary and it rewards all our effort on this video and the past hundred that we have actually been really hard at work producing but anyways if you’re not utilized to understanding the alternative to sharing whiteboard crypto.eth with someone is i ‘d have to share them this i can’t tell somebody 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 equate
As you likely already know, crypto deals are permanent. So, when you send out character, extremely long ERC-20 address and heaven forbid you screw up one character, you could be sending your preciousinto oblivion never to be seen once again. All of us understand the painstaking minutes between when you send crypto, to when it gets to the location, praying to the that the address was right.
The reverse is also real, state someone wishes to send you some and they screw up even a single digit, all the best inquiring to resend more after they simply lost their funds. This is extremely bothersome, specifically if you are trying to run a business and are depending on payments, with your clients all risking of entering your receiving address incorrectly.