explain subjects of the cryptocurrency world….Crypto Domain Risk. utilizing examples stories and examples so that you can quickly comprehend them in this video we are going to be explaining what unstoppable domains is how they might be better than ens and what that means for people entering into the complex crypto space prior to we really get to understanding the power of unstoppable domains the first thing we’ll need to do is comprehend dns here at whiteboard crypto we love using examples so that’s exactly what we’re going to be using to assist you understand dns so dns means domain name service which is a fancy method of stating that it is an useful service which permits us humans to enter human legible addresses into the search bar and after that it will immediately turn them into device readable addresses so the majority of you are probably acquainted with ip addresses and those are precisely how a computer system at one end of the internet knows how to talk specifically to another computer system somewhere else and not simply yell it into the abyss that is the web when you enter google.com and you hit enter your computer system 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 looking for them and after that gets a package back to send out to you now the plan is then unpacked by your computer to show you the totality of the google.com web page utilizing complicated mathematics and software all of this
communication occurs behind the scenes but to you it’s easy and user friendly in fact if we needed to key in 8.8.8.8 into the url bar instead of google.com a lot more individuals would be confused right we do not speak in numbers or ip addresses we speak in dot coms dot orgs and internet due to the fact that it makes 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 basically the exact same thing that i simply discussed other than it’s for ethereum ens means 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 feel free to leave a like listed below it’s 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 but anyways if you’re not utilized to understanding crypto the option to sharing whiteboard crypto.eth with somebody is i ‘d need to share
Existing domain name register to release domain name or in order to move it over to this other domain name register etc uh when you have a dot crypto dot zill any type of blockchain based domain you can transfer it to wherever you desire whatever wallet you desire with ease all right so now let’s jump into my laptop and enter the guide section of the video where i wish to show you unstoppable domain how to get a domain name how to establish a particular wallet so you can connect the domain that you purchased to your wallet etc so you can actually comprehend how to properly utilize unstoppable domain so let’s begin welcome to my laptop computer let’s begin so this is unstoppable domains.com now to begin with this site is very easy you simply come here and then you enter the domain that you want right here and after that click on search now i desire just wish to mention that they do have specific cost points for how many characters remain in the domain that you wish to get so something over 8 characters will be 40 the smaller sized the domain name the more pricey it’s going to be so for instance if i was come here and i enter my last name 2 400 uh i believe i’ll pass however anyways let me go on and just include this to haul for presentation functions we’ll go to the carts and that’s it alright 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 truly like i like that it’s flexible i like it’s that it’s not one of those unusual 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 entrance you desire to use okay and that’s it and so 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 and that’s it how to claim your crypto domain address now the factor why you ‘d want to go through the process and actually claim uh your domain addresses due to the fact that one then you really own it then 2 you can do whatever you desire with it if you want to go sell it on some type of like nft marketplace you can go ahead and do that okay 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 in fact 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 think you know this is you you have not claimed it yet so it’s an iou that you own this and so i simply desire to briefly mention at the time of this video that there are a couple of ways to declare your domain name the first way is that you have to acquire a claim with credits fee so that costs uh at this time 40 per domain name and so that’s pays for the gas charges you’re like what are gas fees look this the ethereum network you really have to pay uh to move things on and off through gas fees number 2 is you can pay the gas charges directly from your own wallet so if you currently have a wallet set up 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 get begun is really simple so we go here say if i desire to declare this one make a website.crypto we’ll declare with ethereum right there claim procedure 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 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 simply highlight that right click copy paste there we go boom put that in alright excellent 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 specifically for ethereum now there are a few various wallets that they recommend 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 using desktop and i like trust wallet for mobile uh with regards to unstoppable domains so we’re simply going to utilize metamask so to get start with metamask is easy meta mask there we go all right so we click on this link then we want to download it now click that install metamask for chrome all right and let’s go on and contribute to chrome include extension and there we go okay so now the metamask app is installed on our internet browser so we just click get started we are new to metamask so here is where you need to establish a wallet a wallet is what you do with your cryptocurrency .Crypto Domain Risk