describe subjects of the cryptocurrency world…Are Domains A Good Investment. utilizing analogies stories and examples so that you can quickly understand them in this video we are going to be discussing what unstoppable domains is how they might be better than ens and what that means for individuals entering into the complicated 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 enjoy using examples so that’s exactly what we’re going to be utilizing to assist you understand dns so dns means domain service which is a fancy method of stating that it is a valuable service which allows us humans to enter human legible addresses into the search bar and after that it will automatically turn them into maker readable addresses so the majority 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 system elsewhere and not just shriek it into the void that is the web when you type in google.com and you hit enter your computer sends a message to your internet service provider saying yo where’s google the internet service provider discovers and goes to where google is tells them that you are looking for them and after that gets a bundle back to send out to you now the package is then unpacked by your computer to show you the totality of the google.com home page using complex mathematics and software application all of this
interaction occurs behind the scenes however to you it’s basic and easy to use in fact if we needed to key in 8.8.8.8 into the url bar instead of google.com a lot more people would be puzzled right we don’t speak in numbers or ip addresses we speak in dot coms dot orgs and nets due to the fact that it makes 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 same thing that i just discussed other than it’s for ethereum ens means ethereum name service and basically 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 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 effort on this video and the past hundred that we have actually been truly hard at work creating however anyways if you’re not utilized to understanding crypto the option to sharing whiteboard crypto.eth with someone is i ‘d have to share
Present domain name register to launch domain or in order to move it over to this other domain register and so on uh when you have a dot crypto dot zill any kind of blockchain based domain name you can transfer it to wherever you desire whatever wallet you want with ease fine so now let’s jump into my laptop computer and enter the tutorial area of the video where i want to reveal you unstoppable domain names how to get a domain how to establish a specific wallet so you can connect the domain that you purchased to your wallet etc so you can truly comprehend how to correctly utilize unstoppable domain names so let’s start welcome to my laptop computer let’s begin so this is unstoppable domains.com now to get started with this website is very simple you just come here and after that you key in the domain that you desire right here and after that click search now i desire simply want to discuss that they do have particular price points for the number of characters remain in the domain that you want to get so something over 8 characters will be 40 the smaller the domain name the more expensive it’s going to be so for example if i was come here and i type in my last name 2 400 uh i believe i’ll pass however anyways let me go on and just add this to haul for presentation functions we’ll go to the carts which’s it fine and
You click on here checkout and that’s it and so you can pay with a credit card paypal crypto or you can pay with the crypto.com app and i actually like i like that it’s flexible i like it’s that it’s not one of those weird crypto websites where you have to pay in cryptocurrency or you have to buy unstoppable coin then exchange it or whatever no you can pay with nevertheless payment gateway you desire to use all right and that’s it and so once 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 and that’s it how to declare your crypto domain address now the reason why you ‘d want to go through the procedure and actually claim uh your domain addresses because one then you actually own it then two you can do whatever you want with it if you desire to go offer it on some type of like nft market you can go ahead and do that all right so simply like 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 until you really move the cryptocurrency from coinbase to your own wallet this is the same so this is on there this is you understand it’s like a hot wallet i guess you understand this is you you haven’t claimed it yet so it’s an iou that you own this and so i just want to briefly reference at the time of this video that there are a few ways to claim your domain name the very first way is that you have to purchase a claim with credits fee so that costs uh at this time 40 per domain name and so that’s pays for the gas costs you’re like what are gas fees look this the ethereum network you in fact have to pay uh to move things on and off via gas charges number 2 is you can pay the gas charges directly from your own wallet so if you already have a wallet set up and you have ethereum in there you can pay with your own ethereum or you can simply wait up until august so then they’ll have a scaling option that makes it easy to claim but anyways to get begun is really simple so we go here say if i desire to claim this one make a website.crypto we’ll declare with ethereum right there claim process started so now we have to send the code by e-mail so click that and so right over here we’ll jump over here and wait for the code to hit 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 ideal click copy paste there we go boom put that in fine excellent now you’re like whoa what do i do pick wallet for declaring so unstoppable domains has their own app we have a web 3 wallet coinbase wall all mu wall is specifically for ethereum now there are a few various wallets that they recommend so for desktop there’s meta mask for mobile you can
utilize 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 use metamask so to get going with metamask is easy meta mask there we go fine so we click on this link then we want to download it now click that install metamask for chrome fine and let’s go ahead and contribute to chrome add extension and there we go all right so now the metamask app is set up on our web browser so we just click get started we are new to metamask so here is where you have to establish a wallet a wallet is what you make with your cryptocurrency Are Domains A Good Investment