understanding the power of the first thing we’ll need to do is understand dns here…Unstoppable Zilliqa Domains Scam…
utilizing examples so that’s exactly what we’re going to be utilizing to help you understand dns so dns stands for domain service which is an expensive way of saying that it is a practical service which permits us human beings to key in human readable addresses into the search bar and then it will automatically turn them into maker legible addresses so the majority of you are probably familiar 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 somewhere else and not simply scream it into the abyss that is the web when you type in google.com and you struck enter your computer system sends out a message to your internet service provider stating yo where’s google the internet service provider discovers and goes to where google is tells them
that you are searching for them and after that gets a package back to send to you now the bundle is then unpacked by your computer to show you the entirety of the google.com home page using complex mathematics and software all of this interaction happens behind the scenes but to you it’s easy and user friendly in fact if we had to type in 18.104.22.168 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 nets due to the fact that 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 essentially the exact same thing that i simply mentioned except it’s for ethereum ens stands for
ethereum name service and practically lets me inform 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 don’t have 20 and you want to support the channel feel free to leave a like listed below it’s totally 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 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 could not dependably type that into a computer you need to copy and paste it and that is essentially what ens does is translate
As you likely already understand, crypto deals are irreversible. When you send character, ridiculously long ERC-20 address and heaven forbid you mess up one character, you might be sending your preciousinto oblivion never to be seen once again. All of us know the painstaking moments between when you send out crypto, to when it reaches the destination, praying to the that the address was right.
The reverse is likewise true, say someone wants to send you some and they mess up even a single digit, best of luck asking to resend more after they just lost their funds. This is hugely problematic, specifically if you are attempting to run a service and are depending on payments, with your consumers all risking of entering your getting address incorrectly.