comprehending the power of the first thing we’ll need to do is comprehend dns here…What Is Unstoppable Domain…
using examples so that’s exactly what we’re going to be using to help you understand dns so dns stands for domain service which is an elegant way of stating that it is a practical service which allows us people to enter human readable addresses into the search bar and after that it will automatically turn them into maker readable addresses so most of you are most likely knowledgeable about ip addresses and those are precisely how a computer system at one end of the web knows how to talk particularly to another computer somewhere else and not just shout it into the void that is the web when you key in google.com and you struck enter your computer 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 looking for them and then grabs a package back to send out to you now the package is then unpacked by your computer system to show you the entirety of the google.com home page utilizing complex 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 needed to enter 220.127.116.11 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 internet because it makes good 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 same thing that i simply mentioned other than 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 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 feel free to leave a like below it’s totally free and it rewards all our hard work 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 comprehending the option to sharing white boards crypto.eth with somebody 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 currently know, crypto deals are irreversible. When you send character, unbelievably long ERC-20 address and paradise forbid you mess up one character, you could be sending your preciousinto oblivion never ever to be seen once again. All of us know the painstaking moments in 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, state somebody wants to send you some and they ruin even a single digit, good luck asking to resend more after they just lost their funds. This is hugely problematic, specifically if you are trying to run a service and are depending on payments, with your clients all risking of entering your receiving address incorrectly.