understanding the power of the first thing we’ll need to do is understand dns here…What Wallets Work With Unstoppable Domains…
utilizing examples so that’s precisely what we’re going to be utilizing to assist you comprehend dns so dns represents domain service which is a fancy method of saying that it is an useful service which allows us humans to enter human understandable addresses into the search bar and then it will automatically turn them into device readable addresses so the majority of you are most likely familiar with ip addresses and those are exactly how a computer at one end of the internet knows how to talk specifically to another computer elsewhere and not just yell it into the void that is the web when you type in google.com and you hit 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 looking for them and then gets a bundle back to send out to you now the bundle is then unpacked by your computer system to show you the totality of the google.com home page utilizing complicated mathematics and software application all of this communication occurs behind the scenes however to you it’s simple and easy to use in fact if we needed to type in 18.104.22.168 into the url bar instead of google.com a lot more people would be confused right we don’t 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 humans 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 other than it’s for ethereum ens represents
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 desire by the way if you don’t have 20 and you want 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 truly hard at work developing however anyways if you’re not used to understanding the option to sharing whiteboard crypto.eth with someone is i ‘d need to share them this i can’t tell somebody that and i couldn’t reliably type that into a computer you need to copy and paste it and that is essentially what ens does is equate
As you most likely currently know, crypto deals are irreparable. 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 to be seen again. All of us understand the painstaking minutes between when you send crypto, to when it comes to the destination, praying to the that the address was proper.
The reverse is likewise real, say somebody wants to send you some and they mess up even a single digit, good luck asking them to resend more after they just lost their funds. This is extremely frustrating, especially if you are attempting to run an organization and are depending on payments, with your clients all risking of entering your getting address incorrectly.