Namecoin Trading 2010 – Starting at $5+

discuss topics of the cryptocurrency world…Namecoin Trading 2010. utilizing analogies stories and examples so that you can easily comprehend 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 into the complex crypto space before we really get to comprehending the power of unstoppable domains the first thing we’ll require to do is understand dns here at white boards crypto we like utilizing examples so that’s precisely what we’re going to be using to assist you comprehend dns so dns stands for domain name service which is an expensive method of stating that it is a practical service which allows us humans to key in human understandable addresses into the search bar and then it will automatically turn them into device readable addresses so the majority of you are most likely acquainted with ip addresses and those are precisely how a computer at one end of the web understands how to talk particularly to another computer system somewhere else and not simply shriek it into the void that is the web when you key in google.com and you struck enter your computer system sends out a message to your internet service provider stating yo where’s google the internet service provider learns 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 package is then unpacked by your computer system to reveal you the entirety of the google.com web page using complicated math and software application all of this

communication takes place behind the scenes however to you it’s easy and easy to use in fact if we had to key in 8.8.8.8 into the url bar instead of google.com a lot more people would be puzzled right we do not speak in numbers or ip addresses we speak in dot coms dot orgs and webs since it makes good sense to us so that’s basically 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 essentially the very same thing that i just discussed except it’s for ethereum ens stands for ethereum name service and practically lets me tell you that whiteboardcrypto.eth is my wallet address so you can simply type that in and pay me 20 if you desire 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 totally free and it rewards all our hard work on this video and the past hundred that we have actually been actually hard at work creating however anyways if you’re not utilized to understanding crypto the alternative to sharing whiteboard crypto.eth with someone is i ‘d have to share

Current domain register to launch domain 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 kind of blockchain based domain you can move it to wherever you desire whatever wallet you desire with ease fine so now let’s delve into my laptop computer and enter into the tutorial area of the video where i wish to reveal you unstoppable domain how to get a domain how to set up a particular wallet so you can attach the domain name that you purchased to your wallet and so on so you can truly comprehend how to properly use unstoppable domain so let’s get going welcome to my laptop let’s start so this is unstoppable domains.com now to get started with this site is really easy you just come here and then you key in the domain name that you want right here and after that click on search now i desire simply want to discuss that they do have particular cost 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 the domain name the more expensive it’s going to be so for example if i was come here and i enter my last name 2 400 uh i believe i’ll pass but anyways let me go on and simply include this to haul for demonstration purposes we’ll go to the carts which’s it all right 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 actually like i like that it’s flexible i like it’s that it’s not one of those unusual 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 utilize okay 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 process and really claim uh your domain addresses because one then you really own it then two you can do whatever you desire with it if you want to go sell it on some type of like nft market you can go ahead and do that okay so just 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 in fact move the cryptocurrency from coinbase to your own wallet this is the exact same so this is on there this is you understand it’s like a hot wallet i think you understand this is you you haven’t declared it yet so it’s an iou that you own this and so i simply want to briefly reference at the time of this video that there are a couple of methods to declare your domain name the very first way is that you have to buy a claim with credits fee so that costs uh at this time 40 per domain name and so that’s pays for the gas charges you’re like what are gas charges look this the ethereum network you in fact have to pay uh to move things on and off through gas fees number 2 is you can pay the gas costs directly 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 solution that makes it simple to claim but anyways to get started is very easy so we go here state if i want to declare this one make a website.crypto we’ll declare with ethereum right there declare process began so now we have to send 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 right click copy paste there we go boom put that in fine excellent now you’re like whoa what do i do pick 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 couple of different 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 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 start with metamask is easy meta mask there we go alright so we click on this link then we wish to download it now click on that set up metamask for chrome all right and let’s go on and contribute to chrome include extension and there we go okay so now the metamask app is set up on our web browser so we just click on get going we are new to metamask so here is where you need to establish a wallet a wallet is what you make with your cryptocurrency Namecoin Trading 2010