understanding the power of the first thing we’ll require to do is comprehend dns here…Unstoppabledomains Scam…
using examples so that’s precisely what we’re going to be using to assist you comprehend dns so dns means domain service which is a fancy way of stating that it is a valuable service which allows us human beings to enter human legible addresses into the search bar and then it will automatically turn them into device legible addresses so most of you are probably knowledgeable about ip addresses and those are precisely how a computer at one end of the internet understands how to talk specifically to another computer somewhere else and not just scream it into the void that is the web when you key in google.com and you struck enter your computer system sends a message to your internet service provider saying yo where’s google the internet service provider finds out and goes to where google is tells them
that you are searching for them and after that gets a bundle back to send to you now the bundle is then unpacked by your computer system to show you the totality of the google.com web page utilizing complex math and software all of this communication happens behind the scenes however to you it’s easy and user friendly in fact if we had to key in 188.8.131.52 into the url bar instead of google.com a lot more individuals would be confused right we do not speak in numbers or ip addresses we speak in dot coms dot orgs and internet because it makes good 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 very same thing that i simply mentioned except it’s for ethereum ens represents
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 wish to support the channel feel free to leave a like below it’s free and it rewards all our effort on this video and the past hundred that we have actually been actually hard at work developing however anyways if you’re not used to comprehending the alternative to sharing white boards crypto.eth with somebody is i ‘d need to share them this i can’t inform someone that and i could not reliably type that into a computer you need to copy and paste it and that is basically what ens does is translate
As you likely currently understand, crypto deals are irreparable. So, 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 again. We all know the painstaking moments in between when you send out crypto, to when it reaches the location, praying to the that the address was appropriate.
The reverse is likewise real, say somebody wishes to send you some and they ruin even a single digit, good luck inquiring to resend more after they just lost their funds. This is extremely bothersome, particularly if you are trying to run a business and are depending on payments, with your consumers all running the risk of entering your getting address improperly.