describe topics of the cryptocurrency world…Crypto Investing Domain Investing. utilizing analogies stories and examples so that you can quickly understand them in this video we are going to be explaining what unstoppable domains is how they might be better than ens and what that implies 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 require to do is understand dns here at whiteboard crypto we like utilizing examples so that’s precisely what we’re going to be utilizing to assist you comprehend dns so dns means domain name service which is an elegant method of saying that it is a valuable service which enables us human beings to key in human legible addresses into the search bar and after that it will immediately turn them into maker legible addresses so most of you are most likely familiar with ip addresses and those are precisely how a computer 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 enter 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 discovers and goes to where google is tells them that you are searching for them and then gets a bundle back to send to you now the plan is then unpacked by your computer system to reveal you the totality of the google.com home page utilizing complicated math and software all of this
communication happens behind the scenes but to you it’s simple and easy to use 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 confused right we don’t speak in numbers or ip addresses we speak in dot coms dot orgs and nets since 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 essentially the exact same thing that i simply discussed except it’s for ethereum ens stands for ethereum name service and basically 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 do not have 20 and you wish to support the channel do not hesitate to leave a like below it’s free and it rewards all our hard work on this video and the past hundred that we have actually been actually hard at work creating but anyways if you’re not utilized to understanding crypto the alternative to sharing whiteboard crypto.eth with somebody is i ‘d have to share
Present domain name register to launch domain name 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 you can move it to any place you want whatever wallet you desire with ease all right so now let’s jump into my laptop and get into the tutorial area of the video where i wish to reveal you unstoppable domain names how to get a domain name how to set up a particular wallet so you can connect the domain that you purchased to your wallet etc so you can actually comprehend how to properly use unstoppable domain so let’s get going welcome to my laptop let’s begin so this is unstoppable domains.com now to begin with this website is extremely simple you simply come here and then you key in the domain name that you want right here and then click on search now i want simply wish to point out that they do have particular cost points for the number of characters are in the domain name that you wish to get so something over 8 characters will be 40 the smaller the domain the more pricey it’s going to be so for example if i was come here and i enter my last name 2 400 uh i think i’ll pass but anyways let me go ahead and just add this to haul for demonstration purposes we’ll go to the carts and that’s it all right and
then you click on here checkout which’s it therefore 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 strange crypto websites where you have to pay in cryptocurrency or you need to purchase unstoppable coin then exchange it or whatever no you can pay with however payment entrance you want to utilize all right which’s it and so once you’re all set then you’ll have your my domain list in your account therefore we have right down there so i own my name dot crypto and make a website dot crypto and that’s it how to declare your crypto domain address now the reason that you ‘d wish to go through the procedure and actually claim uh your domain addresses since one then you in fact own it then 2 you can do whatever you desire with it if you want to go offer it on some type of like nft market you can proceed and do that okay so just 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 know it resembles a hot wallet i guess you understand this is you you have not declared it yet so it’s an iou that you own this and so i simply want to briefly mention at the time of this video that there are a few methods to declare your domain name the first way is that you need to buy a claim with credits cost so that costs uh at this time 40 per domain name and so that’s spends for the gas charges you resemble what are gas fees look this the ethereum network you in fact have to pay uh to move things on and off through gas fees number two is you can pay the gas charges directly from your own wallet so if you already have a wallet established and you have ethereum in there you can pay with your own ethereum or you can simply wait until august so then they’ll have a scaling service that makes it easy to claim however anyways to get going is extremely easy so we go here say if i want to claim this one make a website.crypto we’ll claim with ethereum right there claim procedure started so now we have to send out 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 just highlight that ideal click copy paste there we go boom put that in fine great now you resemble whoa what do i do choose 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 advise 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 start with metamask is simple meta mask there we go all right so we click here then we want to download it now click that set up metamask for chrome fine and let’s proceed and contribute to chrome add extension and there we go fine so now the metamask app is installed on our internet browser so we just click on get going we are new to metamask so here is where you have to establish a wallet a wallet is what you finish with your cryptocurrency Crypto Investing Domain Investing