describe topics of the cryptocurrency world…How Does Bitcoin Domain Work. utilizing analogies stories and examples so that you can quickly understand them in this video we are going to be describing what unstoppable domains is how they might be better than ens and what that implies for people getting into the complex crypto space before we really get to comprehending the power of unstoppable domains the first thing we’ll need to do is comprehend dns here at white boards crypto we love utilizing examples so that’s exactly what we’re going to be utilizing to help you comprehend dns so dns stands for domain name service which is a fancy way of stating that it is a practical service which permits us human beings to enter human legible addresses into the search bar and then it will immediately turn them into maker readable addresses so the majority of you are most likely acquainted with ip addresses and those are exactly how a computer system at one end of the web knows how to talk specifically to another computer system elsewhere and not simply shout it into the abyss that is the web when you key in google.com and you struck enter your computer sends out a message to your internet service provider saying yo where’s google the internet service provider finds out and goes to where google is tells them that you are searching for them and then grabs a package back to send out to you now the package is then unpacked by your computer system to reveal you the whole of the google.com home page using complex math and software application all of this
interaction takes place behind the scenes but to you it’s basic and user friendly in fact if we needed to type 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 internet because it makes sense to us so that’s basically what a dns is a translator for humans to speak machine code next up let’s see how this works for crypto ens is essentially the same thing that i just discussed other than 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 feel free to leave a like below it’s totally free and it rewards all our hard work 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 alternative to sharing white boards crypto.eth with somebody is i ‘d need to share
Current domain name register to release domain name or in order to move it over to this other domain name register and so on uh when you have a dot crypto dot zill any kind of blockchain based domain you can transfer it to any place you desire whatever wallet you desire with ease all right so now let’s delve into my laptop computer and get into the tutorial area of the video where i wish to show you unstoppable domain how to get a domain how to establish a specific wallet so you can attach the domain name that you purchased to your wallet and so on so you can truly understand how to correctly use unstoppable domain names so let’s get started welcome to my laptop computer let’s start so this is unstoppable domains.com now to begin with this site is very easy you simply come here and after that you key in the domain name that you want right here and then click on search now i desire just want to point out that they do have particular cost 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 the more pricey it’s going to be so for instance if i was come here and i enter my surname 2 400 uh i believe i’ll pass however anyways let me proceed and simply add this to cart for demonstration functions we’ll go to the carts which’s it all right 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 versatile i like it’s that it’s not one of those odd 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 want to utilize alright 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 website dot crypto and that’s it how to declare your crypto domain address now the factor why you ‘d want to go through the procedure and actually claim uh your domain addresses since one then you actually own it then two you can do whatever you desire with it if you desire to go offer it on some type of like nft market 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 exact same so this is on there this is you understand it’s like a hot wallet i think 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 ways to claim your domain name the very first method is that you have to acquire a claim with credits charge so that expenses 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 in fact have to pay uh to move things on and off by means of gas costs number 2 is you can pay the gas costs straight 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 till august so then they’ll have a scaling solution that makes it easy to claim however anyways to get begun is very basic so we go here say if i want to declare this one make a website.crypto we’ll claim with ethereum right there claim procedure began so now we have to send out the code by e-mail so click that and so right over here we’ll jump over here and wait for 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 simply highlight that best 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 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 utilizing 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 simple meta mask there we go okay so we click here then we wish to download it now click on that install metamask for chrome all right and let’s go ahead and add to chrome include extension and there we go fine so now the metamask app is installed on our web browser so we simply click get going we are brand-new to metamask so here is where you have to set up a wallet a wallet is what you finish with your cryptocurrency How Does Bitcoin Domain Work