describe subjects of the cryptocurrency world…Namecoin Trading. utilizing analogies stories and examples so that you can quickly 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 implies for people entering the complicated crypto space prior to we in fact get to understanding the power of unstoppable domains the first thing we’ll need to do is understand dns here at white boards crypto we love utilizing examples so that’s exactly what we’re going to be utilizing to assist you comprehend dns so dns stands for domain name service which is a fancy way of stating that it is a valuable service which enables us humans to type in human understandable addresses into the search bar and after that it will immediately turn them into machine readable addresses so most of you are probably knowledgeable about ip addresses and those are exactly how a computer at one end of the web knows how to talk specifically to another computer elsewhere and not just shout 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 saying 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 bundle back to send out to you now the bundle is then unpacked by your computer to show you the totality of the google.com web page using complex math and software application all of this
communication occurs behind the scenes however to you it’s basic and user friendly in fact if we needed to key 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 nets due to the fact that 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 essentially the same thing that i just discussed other than it’s for ethereum ens represents ethereum name service and pretty much 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 do not have 20 and you want to support the channel do not hesitate to leave a like listed below it’s free and it rewards all our hard work on this video and the past hundred that we have actually been actually hard at work producing however anyways if you’re not used to understanding crypto the alternative to sharing whiteboard crypto.eth with someone is i ‘d have to share
Present domain register to launch domain name or in order to move it over to this other domain register etc uh when you have a dot crypto dot zill any kind of blockchain based domain you can transfer it to anywhere you desire whatever wallet you want with ease all right so now let’s jump into my laptop computer and enter the guide area of the video where i wish to reveal you unstoppable domain names how to get a domain name how to establish a specific wallet so you can connect the domain that you bought to your wallet and so on so you can really comprehend how to correctly use unstoppable domain names so let’s get going welcome to my laptop computer let’s begin so this is unstoppable domains.com now to get going with this site is extremely basic you just come here and then you enter the domain that you want right here and then click on search now i desire just wish to mention that they do have particular price points for how many characters remain in the domain name that you wish to get so something over 8 characters will be 40 the smaller the domain the more pricey it’s going to be so for example if i was come here and i type in my last name 2 400 uh i believe i’ll pass however anyways let me go ahead and just include this to haul for presentation purposes we’ll go to the carts which’s it alright and
then you click here checkout which’s it and so you can pay with a charge card paypal crypto or you can pay with the crypto.com app and i really like i like that it’s versatile i like it’s that it’s not one of those unusual crypto sites where you have to pay in cryptocurrency or you need to purchase unstoppable coin then exchange it or whatever no you can pay with however payment entrance you want to use alright and that’s it therefore 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 declare your crypto domain address now the reason you ‘d want to go through the procedure and really 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 sell it on some kind of like nft marketplace you can go on and do that fine so similar to when you buy any type of cryptocurrency from an exchange like uh coinbase for instance what it is is simply an iou it’s an iou till you really move the cryptocurrency from coinbase to your own wallet this is the same so this is on there this is you know it resembles 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 therefore i just wish to briefly mention at the time of this video that there are a few ways to declare your domain name the very first method is that you need to purchase a claim with credits fee so that expenses uh at this time 40 per domain and so that’s pays for the gas costs you resemble what are gas fees look this the ethereum network you in fact need to pay uh to move things on and off via gas charges 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 but anyways to start is very basic so we go here say if i want to claim this one make a website.crypto we’ll claim with ethereum right there claim procedure began so now we have to send out the code by email so click that therefore right over here we’ll leap over here and wait on 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 all right great now you resemble 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 particularly for ethereum now there are a few 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 use metamask so to start with metamask is easy meta mask there we go alright so we click on this link then we want to download it now click on that install metamask for chrome all right and let’s proceed 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 start we are brand-new to metamask so here is where you have to establish a wallet a wallet is what you finish with your cryptocurrency Namecoin Trading