describe topics of the cryptocurrency world…Namecoin Mining Pool. 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 much better than ens and what that indicates for individuals entering the complicated crypto area prior to we in fact get to understanding 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 assist you understand dns so dns means domain service which is an expensive method of saying that it is an useful service which enables us people to type in human readable addresses into the search bar and after that it will automatically turn them into device readable addresses so the majority of you are probably familiar with ip addresses and those are precisely how a computer system at one end of the web understands how to talk particularly to another computer elsewhere and not simply shriek it into the abyss that is the web when you key in google.com and you hit 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 after that gets a package back to send out to you now the plan is then unpacked by your computer to show you the totality of the google.com home page utilizing complex mathematics and software all of this
interaction happens behind the scenes however to you it’s simple and easy to use in fact if we needed to enter 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 internet 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 exact same thing that i simply mentioned except it’s for ethereum ens stands for ethereum name service and basically 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 feel free to leave a like below it’s complimentary and it rewards all our effort on this video and the past hundred that we’ve been truly hard at work developing but anyways if you’re not utilized to understanding crypto the option to sharing whiteboard crypto.eth with someone is i ‘d have to share
Existing domain register to release domain or in order to move it over to this other domain name register etc uh when you have a dot crypto dot zill any type of blockchain based domain name you can move it to any place you want whatever wallet you want with ease okay so now let’s jump into my laptop and get into the guide area of the video where i wish to show you unstoppable domain how to get a domain how to set up a specific wallet so you can attach the domain name that you purchased to your wallet and so on so you can actually comprehend how to appropriately use unstoppable domain names so let’s start welcome to my laptop computer let’s begin so this is unstoppable domains.com now to get going with this website is very easy you simply come here and after that you type in the domain that you desire right here and then click on search now i desire simply want to mention that they do have particular rate points for the number of 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 expensive 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 but anyways let me go on and just include this to haul for presentation functions we’ll go to the carts which’s it fine 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 however 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 site dot crypto and that’s it how to declare your crypto domain address now the factor why you ‘d desire to go through the procedure and really claim uh your domain addresses due to the fact that one then you actually own it then two you can do whatever you want with it if you desire to go offer it on some type of like nft marketplace you can go ahead and do that fine so simply like when you purchase 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 actually move the cryptocurrency from coinbase to your own wallet this is the exact same so this is on there this is you know it’s like a hot wallet i guess you understand this is you you have not claimed it yet so it’s an iou that you own this and so i just want to briefly reference at the time of this video that there are a few methods to claim your domain name the first method is that you have to acquire a claim with credits fee so that costs uh at this time 40 per domain name and so that’s pays for the gas costs you’re like what are gas fees look this the ethereum network you actually have to pay uh to move things on and off via gas charges number two is you can pay the gas fees 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 option that makes it easy to claim but anyways to get started is extremely basic so we go here say if i want to claim this one make a website.crypto we’ll claim with ethereum right there declare process began so now we have to send out the code by email 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 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 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 simply going to use metamask so to get going with metamask is easy meta mask there we go okay 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 add extension and there we go okay so now the metamask app is set up on our web browser so we just click get started we are brand-new to metamask so here is where you need to set up a wallet a wallet is what you finish with your cryptocurrency Namecoin Mining Pool