understanding the power of the first thing we’ll require to do is understand dns here…What Can You Do With Unstoppable Domains…
using examples so that’s precisely what we’re going to be utilizing to help you comprehend dns so dns represents domain name service which is an expensive method of saying that it is a helpful service which allows us people to type in human legible addresses into the search bar and after that it will automatically turn them into device understandable addresses so the majority of you are probably knowledgeable about ip addresses and those are precisely how a computer at one end of the web understands how to talk particularly to another computer somewhere else and not just scream it into the void that is the web when you type in google.com and you hit enter your computer sends out a message to your internet service provider stating yo where’s google the internet service provider finds out and goes to where google is tells them
that you are trying to find them and then gets a plan back to send to you now the plan is then unpacked by your computer to reveal you the whole of the google.com web page using complex math and software all of this interaction happens behind the scenes but to you it’s basic and easy to use in fact if we needed to key in 126.96.36.199 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 since it makes sense to us so that’s basically what a dns is a translator for people to speak machine code next up let’s see how this works for crypto ens is basically the exact same thing that i simply pointed out except it’s for ethereum ens means
ethereum name service and pretty much lets me tell 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 don’t have 20 and you wish to support the channel do not hesitate to leave a like listed below it’s totally free and it rewards all our effort on this video and the past hundred that we have actually been really hard at work developing but anyways if you’re not utilized to understanding the alternative to sharing whiteboard crypto.eth with somebody is i ‘d have to share them this i can’t inform someone that and i couldn’t reliably type that into a computer system you need to copy and paste it which is basically what ens does is translate
As you most likely currently understand, crypto deals are permanent. When you send out 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 once again. We all know the painstaking minutes between when you send out crypto, to when it comes to the location, praying to the that the address was right.
The reverse is likewise true, say somebody wants 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 frustrating, particularly if you are trying to run a business and are depending on payments, with your consumers all risking of entering your getting address incorrectly.