Domain Escrow Bitcoin – Starting at $5+

describe topics of the cryptocurrency world…Domain Escrow Bitcoin. utilizing examples 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 indicates for individuals entering into the complicated crypto area prior to we actually get to understanding the power of unstoppable domains the first thing we’ll need to do is understand dns here at whiteboard crypto we like utilizing examples so that’s exactly what we’re going to be using to help you comprehend dns so dns represents domain name service which is an expensive method of saying that it is a practical service which enables us people to type in human readable addresses into the search bar and then it will automatically turn them into machine readable addresses so the majority of you are probably familiar with ip addresses and those are exactly how a computer system at one end of the web knows how to talk particularly to another computer elsewhere and not simply shriek it into the abyss that is the web when you key in google.com and you hit enter your computer system 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 looking for them and then grabs a bundle back to send to you now the package is then unpacked by your computer system to reveal you the whole of the google.com home page using complicated mathematics and software all of this

interaction occurs behind the scenes but to you it’s easy and user friendly in fact if we had 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 because it makes good sense to us so that’s essentially 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 exact same thing that i simply discussed except it’s for ethereum ens stands for ethereum name service and practically lets me inform you that whiteboardcrypto.eth is my wallet address so you can simply type that in and pay me 20 if you want by the way if you don’t have 20 and you wish to support the channel do not hesitate to leave a like listed below it’s totally free and it rewards all our hard work on this video and the past hundred that we’ve been actually hard at work developing however anyways if you’re not used to comprehending crypto the alternative to sharing white boards crypto.eth with someone is i ‘d need to share

Existing 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 transfer it to anywhere you want whatever wallet you want with ease alright so now let’s delve into my laptop computer and enter the tutorial section of the video where i wish to show you unstoppable domain names how to get a domain name how to set up a specific wallet so you can connect the domain name that you bought to your wallet etc so you can actually comprehend how to correctly use unstoppable domain so let’s begin welcome to my laptop computer let’s begin so this is unstoppable domains.com now to get started with this website is very easy you just come here and after that you enter the domain that you desire right here and after that click search now i want simply want to mention that they do have specific 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 instance if i was come here and i enter my surname 2 400 uh i think i’ll pass however anyways let me go ahead and just include this to haul for demonstration purposes we’ll go to the carts and that’s it fine and

then you click on here checkout and that’s it therefore 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 versatile 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 nevertheless payment entrance you wish to use okay 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 which’s it how to claim your crypto domain address now the reason why you ‘d wish to go through the process and actually declare uh your domain addresses since one then you really own it then two you can do whatever you desire with it if you want to go sell it on some kind of like nft marketplace you can go ahead and do that all right so just like when you purchase any type of cryptocurrency from an exchange like uh coinbase for instance what it is is just an iou it’s an iou till 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 haven’t declared it yet so it’s an iou that you own this and so i simply wish to briefly mention at the time of this video that there are a few methods to claim your domain the very first way is that you have to acquire a claim with credits fee so that costs uh at this time 40 per domain and so that’s pays for the gas charges you resemble what are gas charges look this the ethereum network you actually have to pay uh to move things on and off via gas charges second 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 up until august so then they’ll have a scaling solution that makes it simple to claim however anyways to start is extremely simple so we go here say if i wish to declare this one make a website.crypto we’ll declare with ethereum right there claim process started so now we need to send out the code by email so click that and so right over here we’ll jump over here and wait on 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 okay terrific 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 couple of different 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 get start with metamask is simple meta mask there we go fine so we click here then we want to download it now click that set up metamask for chrome alright and let’s go ahead and contribute to chrome include extension and there we go fine so now the metamask app is set up on our internet browser so we just click start we are brand-new to metamask so here is where you have to set up a wallet a wallet is what you make with your cryptocurrency Domain Escrow Bitcoin