explain subjects of the cryptocurrency world…1.21560157 Namecoin To Btc. using examples stories and examples so that you can easily understand them in this video we are going to be discussing what unstoppable domains is how they might be much better than ens and what that indicates for individuals entering into the complex crypto space before we actually get to understanding the power of unstoppable domains the first thing we’ll require to do is comprehend dns here at whiteboard crypto we love using examples so that’s precisely what we’re going to be using to assist you understand dns so dns represents domain service which is an elegant method of saying that it is a handy service which allows us people to type in human readable addresses into the search bar and then it will automatically turn them into maker understandable addresses so the majority of you are probably familiar with ip addresses and those are exactly how a computer at one end of the web knows how to talk particularly to another computer system somewhere else and not simply shout it into the abyss that is the web when you type in google.com and you hit enter your computer sends 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 trying to find them and then grabs a plan back to send out to you now the bundle is then unpacked by your computer to show you the entirety of the google.com web page using complex math and software all of this
communication happens behind the scenes but to you it’s basic and user friendly in fact if we had to enter 8.8.8.8 into the url bar instead of google.com a lot more people would be puzzled right we do not speak in numbers or ip addresses we speak in dot coms dot orgs and webs due to the fact that it makes good sense to us so that’s basically 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 very same thing that i just discussed other than it’s for ethereum ens stands for ethereum name service and practically lets me tell you that whiteboardcrypto.eth is my wallet address so you can just type that in and pay me 20 if you desire by the way if you do not have 20 and you wish to support the channel do not hesitate to leave a like listed below it’s complimentary and it rewards all our effort on this video and the past hundred that we’ve been really hard at work developing but anyways if you’re not utilized to comprehending crypto the option to sharing whiteboard crypto.eth with someone is i ‘d have to share
Current domain name register to release domain or in order to move it over to this other domain name register and so on uh when you have a dot crypto dot zill any type of blockchain based domain name you can transfer it to wherever you desire whatever wallet you desire with ease fine so now let’s delve into my laptop computer and enter into the tutorial section of the video where i want to reveal you unstoppable domain names how to get a domain name how to establish a particular wallet so you can attach the domain that you purchased to your wallet etc so you can actually comprehend how to correctly use unstoppable domain names so let’s get started welcome to my laptop computer let’s begin so this is unstoppable domains.com now to start with this website is extremely basic you just come here and after that you key in the domain name that you desire right here and after that click on search now i desire just wish to point out that they do have specific rate points for how many characters are in the domain name that you want to get so something over 8 characters will be 40 the smaller the domain the more costly it’s going to be so for instance if i was come here and i enter my surname 2 400 uh i believe i’ll pass however anyways let me go on and simply add this to haul for presentation functions we’ll go to the carts and that’s it alright and
then you click on here checkout and that’s it and so you can pay with a charge card paypal crypto or you can pay with the crypto.com app and i really like i like that it’s versatile i like it’s that it’s not one of those strange crypto sites where you have to pay in cryptocurrency or you have to purchase unstoppable coin then exchange it or whatever no you can pay with however payment gateway you wish to use all right and that’s it therefore as soon as you’re all set then you’ll have your my domain name list in your account and so we have right down there so i own my name dot crypto and make a site dot crypto which’s it how to declare your crypto domain address now the reason you ‘d want to go through the procedure and actually declare uh your domain addresses since one then you in fact own it then 2 you can do whatever you want with it if you wish to go sell it on some type of like nft marketplace you can go on and do that alright so similar to when you buy any type of cryptocurrency from an exchange like uh coinbase for example what it is is just an iou it’s an iou till you actually move the cryptocurrency from coinbase to your own wallet this is the same so this is on there this is you know it resembles a hot wallet i guess you know this is you you have not declared it yet so it’s an iou that you own this therefore i just wish to briefly reference at the time of this video that there are a few ways to declare your domain the first method is that you have to purchase a claim with credits cost so that costs uh at this time 40 per domain and so that’s pays for the gas charges you resemble what are gas costs look this the ethereum network you actually need to pay uh to move things on and off by means of gas fees number two is you can pay the gas costs directly from your own wallet so if you currently have a wallet established and you have ethereum in there you can pay with your own ethereum or you can just wait till august so then they’ll have a scaling option that makes it easy to claim however anyways to begin is extremely easy so we go here state if i wish to declare this one make a website.crypto we’ll declare with ethereum right there declare process began so now we have to send the code by email so click that and so right over here we’ll leap over here and wait on the code to strike my inbox there it is we’ll take this all right so here is the code i’ll take this we’ll just highlight that right click copy paste there we go boom put that in all right fantastic now you’re like whoa what do i do select wallet for declaring so unstoppable domains has their own app we have a web 3 wallet coinbase wall all mu wall is particularly for ethereum now there are a couple of various wallets that they suggest so for desktop there’s meta mask for mobile you can
use the coinbase wallet trust wallet for me personally i like metamask if you’re going to be utilizing desktop and i like trust wallet for mobile uh with regards to unstoppable domains so we’re just going to utilize metamask so to begin with metamask is easy meta mask there we go fine so we click on this link then we wish to download it now click on that install metamask for chrome all right and let’s proceed and contribute to chrome add extension and there we go all right so now the metamask app is installed on our browser so we simply click on start we are brand-new to metamask so here is where you need to establish a wallet a wallet is what you make with your cryptocurrency 1.21560157 Namecoin To Btc