Mining Namecoin – Starting at $5+

explain subjects of the cryptocurrency world…Mining Namecoin. using analogies stories and examples so that you can easily 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 implies for individuals getting into the complex crypto area prior to we in fact get to comprehending the power of unstoppable domains the first thing we’ll require to do is comprehend dns here at whiteboard crypto we love utilizing examples so that’s precisely what we’re going to be using to help you understand dns so dns represents domain name service which is a fancy way of stating that it is an useful service which enables us human beings to type in human readable addresses into the search bar and then it will immediately turn them into maker legible addresses so most of you are most likely familiar with ip addresses and those are precisely how a computer system at one end of the web knows how to talk specifically to another computer system somewhere else and not simply scream it into the abyss that is the web when you type in google.com and you struck enter your computer system 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 trying to find them and then grabs a plan back to send to you now the bundle is then unpacked by your computer to show you the whole of the google.com web page using complicated mathematics and software application all of this

communication occurs behind the scenes however to you it’s simple and user friendly in fact if we needed 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 internet because it makes sense to us so that’s basically 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 same thing that i just discussed 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 simply type that in and pay me 20 if you want by the way if you do not have 20 and you wish to support the channel do not hesitate 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’ve been really hard at work producing but anyways if you’re not utilized to understanding crypto the alternative to sharing white boards crypto.eth with someone is i ‘d have to share

Current domain name register to release 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 type of blockchain based domain you can move it to any place you desire whatever wallet you want with ease fine so now let’s jump into my laptop computer and enter into the tutorial area of the video where i want to show you unstoppable domain names how to get a domain name how to set up a specific wallet so you can attach the domain that you purchased to your wallet etc so you can actually understand how to correctly utilize unstoppable domain names so let’s begin welcome to my laptop computer let’s start so this is unstoppable domains.com now to begin with this website is very easy you simply come here and then you type in the domain name that you want right here and after that click on search now i desire just want to point out 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 name the more costly 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 on and just include this to haul for demonstration purposes we’ll go to the carts which’s it alright 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 strange 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 desire to use all right 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 reason why you ‘d want to go through the process and actually claim uh your domain addresses since one then you in fact own it then 2 you can do whatever you want with it if you want to go offer it on some type of like nft marketplace you can go ahead and do that all right 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 till you actually move the cryptocurrency from coinbase to your own wallet this is the very same so this is on there this is you know 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 desire to briefly reference 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 buy a claim with credits charge so that expenses uh at this time 40 per domain name and so that’s pays for the gas costs you’re like what are gas costs look this the ethereum network you really have to pay uh to move things on and off through 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 just wait up until august so then they’ll have a scaling solution that makes it simple to claim but anyways to get started is extremely simple so we go here state if i want to declare this one make a website.crypto we’ll claim with ethereum right there declare procedure started 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 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 best click copy paste there we go boom put that in fine great 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 various wallets that they advise 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 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 all right so we click here then we wish to download it now click on that set up metamask for chrome fine 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 internet browser so we simply click on get started we are new to metamask so here is where you have to establish a wallet a wallet is what you do with your cryptocurrency Mining Namecoin