describe topics of the cryptocurrency world…Namecoin Exchange Rate. 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 indicates for people entering into the complex crypto space before we in fact get to understanding the power of unstoppable domains the first thing we’ll need to do is comprehend dns here at white boards crypto we like using examples so that’s exactly what we’re going to be using to assist you understand dns so dns represents domain service which is a fancy method of saying that it is a practical service which permits us humans to key in human readable addresses into the search bar and then it will instantly turn them into device readable 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 somewhere else and not just yell 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 learns and goes to where google is tells them that you are searching for them and then gets a package back to send out to you now the plan is then unpacked by your computer to show you the entirety of the google.com home page using complicated math and software application 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 individuals would be confused right we don’t speak in numbers or ip addresses we speak in dot coms dot orgs and internet since it makes good 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 very same thing that i just pointed out 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 just type that in and pay me 20 if you want by the way if you do not 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 effort on this video and the past hundred that we have actually been really hard at work creating however anyways if you’re not used to comprehending crypto the alternative to sharing whiteboard crypto.eth with someone is i ‘d have to share
Current domain register to release domain 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 anywhere you want whatever wallet you desire with ease alright so now let’s jump into my laptop and enter into the tutorial area of the video where i wish to show you unstoppable domain names how to get a domain how to set up a specific wallet so you can connect the domain that you purchased to your wallet and so on so you can actually understand how to effectively use unstoppable domain so let’s get going welcome to my laptop computer let’s start so this is unstoppable domains.com now to get going with this site is extremely simple you just come here and then you key in the domain name that you desire right here and after that click on search now i want just want to point out that they do have particular rate points for the number of 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 costly it’s going to be so for example if i was come here and i type in my last name 2 400 uh i think i’ll pass but anyways let me go ahead and simply add this to cart for demonstration functions we’ll go to the carts which’s it okay and
then you click 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 really like i like that it’s flexible i like it’s that it’s not one of those unusual 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 nevertheless payment gateway you wish to use fine 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 therefore we have right down there so i own my name dot crypto and make a website dot crypto which’s it how to claim your crypto domain address now the reason that you ‘d want to go through the process and in fact declare uh your domain addresses due to the fact that one then you actually own it then two you can do whatever you desire with it if you wish to go sell it on some type of like nft market you can go ahead and do that alright so similar to when you buy any kind of cryptocurrency from an exchange like uh coinbase for instance what it is is simply an iou it’s an iou up until you in fact move the cryptocurrency from coinbase to your own wallet this is the same so this is on there this is you know 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 want to briefly mention at the time of this video that there are a few ways to claim your domain the very first way is that you have to buy a claim with credits charge so that costs uh at this time 40 per domain and so that’s spends for the gas charges you’re like what are gas charges look this the ethereum network you really need to pay uh to move things on and off by means of gas costs number two is you can pay the gas costs straight 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 service that makes it simple to claim however anyways to start is very simple so we go here state if i wish to claim this one make a website.crypto we’ll declare with ethereum right there claim procedure started so now we have to send out the code by e-mail so click that and so right over here we’ll leap over here and await 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 right click copy paste there we go boom put that in alright excellent now you’re like 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 specifically for ethereum now there are a few different 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 using 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 going with metamask is easy meta mask there we go fine so we click here then we wish to download it now click on that install metamask for chrome all right and let’s proceed and add to chrome add extension and there we go alright so now the metamask app is set up on our internet browser so we simply click start we are new to metamask so here is where you have to establish a wallet a wallet is what you finish with your cryptocurrency Namecoin Exchange Rate