discuss topics of the cryptocurrency world…How Much Did Amazon Pay For The Cryptocurrency Domain Name. 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 suggests for individuals entering into the complex crypto area before we actually get to comprehending the power of unstoppable domains the first thing we’ll require to do is understand dns here at whiteboard crypto we enjoy using examples so that’s precisely what we’re going to be using to assist you understand dns so dns means domain name service which is an expensive method of stating that it is a valuable service which enables us people to enter human understandable addresses into the search bar and then it will immediately turn them into device legible addresses so the majority of you are most likely knowledgeable about ip addresses and those are exactly how a computer system 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 enter google.com and you hit 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 looking for them and after that grabs a plan back to send out to you now the bundle is then unpacked by your computer to reveal you the totality of the google.com web page utilizing complicated mathematics and software all of this
communication occurs behind the scenes however 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 due to the fact that it makes good sense to us so that’s essentially what a dns is a translator for humans to speak machine code next up let’s see how this works for crypto ens is basically the same thing that i just pointed out except it’s for ethereum ens stands for ethereum name service and pretty much lets me inform 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 don’t have 20 and you want to support the channel do not hesitate 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 comprehending crypto the option to sharing whiteboard crypto.eth with someone is i ‘d have 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 kind of blockchain based domain you can move it to any place you want whatever wallet you desire with ease okay so now let’s delve into my laptop computer and enter into the guide area of the video where i wish to reveal you unstoppable domain names how to get a domain name how to establish a specific wallet so you can connect the domain name that you purchased to your wallet and so on so you can truly understand how to correctly use unstoppable domain so let’s begin welcome to my laptop let’s start so this is unstoppable domains.com now to get going with this website is very basic you just come here and then you enter the domain name that you want right here and after that click search now i desire simply want to mention that they do have particular rate points for how many characters remain in the domain name that you wish to get so something over 8 characters will be 40 the smaller sized the domain name the more expensive it’s going to be so for instance if i was come here and i key in my last name 2 400 uh i think i’ll pass however anyways let me go ahead and simply include this to cart for presentation functions we’ll go to the carts and that’s it alright and
then you click on here checkout and that’s it and so 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 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 wish to use all right which’s it and so when 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 site dot crypto which’s it how to claim your crypto domain address now the reason you ‘d want to go through the procedure and really claim uh your domain addresses because one then you in fact own it then two you can do whatever you want with it if you want to go offer it on some type of like nft marketplace you can proceed and do that okay so much like when you purchase any kind of cryptocurrency from an exchange like uh coinbase for instance what it is is just an iou it’s an iou till you actually move the cryptocurrency from coinbase to your own wallet this is the same so this is on there this is you understand it resembles a hot wallet i guess you understand this is you you haven’t claimed 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 few ways to declare your domain name the first method is that you have to acquire a claim with credits cost so that expenses uh at this time 40 per domain name and so that’s pays for the gas fees you resemble what are gas fees look this the ethereum network you in fact have to pay uh to move things on and off via gas charges number two is you can pay the gas fees 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 just wait until august so then they’ll have a scaling solution that makes it simple to claim but anyways to begin is very basic so we go here say if i want to claim this one make a website.crypto we’ll declare with ethereum right there claim process began so now we need 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 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 all right excellent now you resemble whoa what do i do select wallet for claiming 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 few various wallets that they suggest 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 use metamask so to start with metamask is easy meta mask there we go fine so we click on this link then we wish to download it now click that set up metamask for chrome okay and let’s go on and contribute to chrome add extension and there we go all right so now the metamask app is set up on our web browser so we simply click begin we are new to metamask so here is where you have to set up a wallet a wallet is what you make with your cryptocurrency How Much Did Amazon Pay For The Cryptocurrency Domain Name