Is It Profitable To Mine Namecoin – Starting at $5+

explain subjects of the cryptocurrency world…Is It Profitable To Mine Namecoin. utilizing examples stories and examples so that you can easily comprehend them in this video we are going to be discussing what unstoppable domains is how they might be much better than ens and what that indicates for individuals entering the complex crypto space before we really get to comprehending the power of unstoppable domains the first thing we’ll need to do is understand dns here at whiteboard crypto we enjoy using 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 way of saying that it is a practical service which permits us humans to enter human legible addresses into the search bar and after that it will instantly turn them into device understandable addresses so the majority of you are most likely knowledgeable about ip addresses and those are precisely how a computer system at one end of the web understands how to talk particularly to another computer system elsewhere and not simply scream it into the abyss that is the web when you type in 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 searching for them and after that grabs a package back to send out to you now the plan is then unpacked by your computer to reveal you the whole of the google.com home page utilizing complicated mathematics and software application all of this

interaction happens behind the scenes but to you it’s easy 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 individuals would be confused right we do not speak in numbers or ip addresses we speak in dot coms dot orgs and webs since it makes 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 basically the same thing that i simply pointed out except it’s for ethereum ens means ethereum name service and pretty much 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 complimentary and it rewards all our hard work on this video and the past hundred that we have actually been actually hard at work developing but anyways if you’re not used to comprehending crypto the alternative to sharing whiteboard crypto.eth with someone is i ‘d have to share

Present domain name register to launch domain or in order to move it over to this other domain register etc uh when you have a dot crypto dot zill any type of blockchain based domain name you can transfer it to anywhere you desire whatever wallet you want with ease alright so now let’s jump into my laptop computer and enter into the guide section of the video where i wish to show you unstoppable domain how to get a domain name how to establish a specific wallet so you can connect the domain that you purchased to your wallet and so on so you can actually comprehend how to effectively utilize unstoppable domain so let’s get going welcome to my laptop computer let’s start so this is unstoppable domains.com now to get started with this website is very easy you just come here and after that you type in the domain name that you desire right here and after that click search now i desire just want to mention that they do have specific cost points for how many characters remain in the domain name that you want to get so something over 8 characters will be 40 the smaller sized the domain the more expensive it’s going to be so for example if i was come here and i key in my last name 2 400 uh i believe i’ll pass but anyways let me go ahead and just include this to haul for demonstration purposes we’ll go to the carts which’s it fine and

then you click on 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 truly like i like that it’s versatile i like it’s that it’s not one of those weird crypto sites where you need to pay in cryptocurrency or you need to purchase unstoppable coin then exchange it or whatever no you can pay with however payment gateway you want to use all right which’s it and so as soon as 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 declare your crypto domain address now the reason you ‘d want to go through the procedure and in fact declare uh your domain addresses because one then you actually own it then two you can do whatever you want with it if you wish to go offer it on some type of like nft marketplace you can go ahead and do that alright so much like when you buy any kind of cryptocurrency from an exchange like uh coinbase for example what it is is just an iou it’s an iou up until 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 guess you know this is you you haven’t declared it yet so it’s an iou that you own this therefore i just wish to briefly mention at the time of this video that there are a few ways to declare your domain the first method is that you need to purchase a claim with credits charge so that costs uh at this time 40 per domain therefore that’s spends for the gas fees you’re like what are gas charges look this the ethereum network you really have to pay uh to move things on and off through gas fees second is you can pay the gas costs 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 up until august so then they’ll have a scaling service that makes it easy to claim but anyways to begin is very easy so we go here say if i wish to declare this one make a website.crypto we’ll claim with ethereum right there claim process started so now we have to send the code by e-mail so click that and so right over here we’ll jump over here and await 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 simply highlight that ideal click copy paste there we go boom put that in okay great now you’re like whoa what do i do choose 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 just going to use metamask so to begin with metamask is simple meta mask there we go all right so we click on this link then we wish to download it now click that install metamask for chrome okay and let’s proceed and add to chrome add extension and there we go okay so now the metamask app is installed on our internet browser so we simply click start we are brand-new to metamask so here is where you need to establish a wallet a wallet is what you finish with your cryptocurrency Is It Profitable To Mine Namecoin