describe topics of the cryptocurrency world…Does Namecoin Work?. utilizing examples stories and examples so that you can quickly comprehend them in this video we are going to be describing what unstoppable domains is how they might be better than ens and what that means for people entering the complex crypto area before we in fact get to comprehending the power of unstoppable domains the first thing we’ll need to do is understand dns here at white boards crypto we enjoy utilizing examples so that’s precisely what we’re going to be utilizing to help you understand dns so dns represents domain name service which is a fancy method of saying that it is a valuable service which enables us humans to key in human readable addresses into the search bar and then it will automatically turn them into device understandable addresses so the majority of you are most likely familiar with ip addresses and those are precisely how a computer at one end of the web understands how to talk specifically to another computer system somewhere else and not just yell it into the void that is the web when you key in google.com and you struck enter your computer sends a message to your internet service provider saying 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 bundle back to send to you now the package is then unpacked by your computer system to show you the whole of the google.com web page utilizing complicated math and software all of this
interaction takes place behind the scenes however to you it’s basic and user friendly in fact if we needed to type in 220.127.116.11 into the url bar instead of google.com a lot more individuals would be puzzled right we do not speak in numbers or ip addresses we speak in dot coms dot orgs and webs because it makes sense to us so that’s essentially 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 just discussed other than 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 merely type that in and pay me 20 if you desire by the way if you do not have 20 and you want 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’ve been truly hard at work producing 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
Existing domain name register to launch domain name or in order to move it over to this other domain register etc uh when you have a dot crypto dot zill any kind of blockchain based domain you can move it to anywhere you want whatever wallet you want with ease all right so now let’s delve into my laptop computer and enter the tutorial section of the video where i want to show you unstoppable domain names how to get a domain how to set up a specific wallet so you can attach the domain that you bought to your wallet etc so you can really comprehend how to appropriately use unstoppable domain names so let’s get started welcome to my laptop let’s begin so this is unstoppable domains.com now to get started with this website is really simple you simply come here and after that you key in the domain that you want right here and after that click on search now i want just wish to point out that they do have particular rate points for how many 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 pricey it’s going to be so for instance if i was come here and i type in my surname 2 400 uh i think i’ll pass but anyways let me go on and just include this to haul for demonstration functions we’ll go to the carts and that’s it okay and
then you click here checkout and that’s it therefore 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 flexible i like it’s that it’s not one of those weird crypto sites where you need 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 want to utilize all right which’s it therefore 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 you ‘d want to go through the process and really declare uh your domain addresses because one then you really own it then two you can do whatever you desire with it if you want to go offer it on some type of like nft marketplace you can go ahead and do that alright so similar to when you purchase 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 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 think you understand this is you you haven’t declared it yet so it’s an iou that you own this and so i just wish to briefly mention at the time of this video that there are a couple of ways to declare your domain name the very first method is that you need to acquire a claim with credits fee so that expenses uh at this time 40 per domain name and so that’s spends for the gas costs you’re like what are gas fees look this the ethereum network you really need to pay uh to move things on and off by means of gas fees number two 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 simply wait until august so then they’ll have a scaling solution that makes it simple to claim however anyways to start is really basic so we go here state if i want to claim 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 e-mail so click that therefore right over here we’ll jump over here and await 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 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 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 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 easy meta mask there we go alright so we click on this link then we wish to download it now click on that install metamask for chrome fine and let’s proceed and add to chrome add extension and there we go fine so now the metamask app is set up on our internet browser so we simply click get going we are new to metamask so here is where you need to establish a wallet a wallet is what you do with your cryptocurrency Does Namecoin Work?