explain topics of the cryptocurrency world…Selling Namecoin For Bitcoin. using examples stories and examples so that you can quickly understand them in this video we are going to be discussing what unstoppable domains is how they might be better than ens and what that means for people entering into the complicated crypto space before we actually get to understanding the power of unstoppable domains the first thing we’ll require to do is understand dns here at white boards crypto we enjoy using examples so that’s precisely what we’re going to be utilizing to assist you understand dns so dns represents domain name service which is an elegant method of saying that it is a valuable service which enables us human beings to type in human legible addresses into the search bar and after that it will automatically turn them into maker readable addresses so most of you are most likely knowledgeable about ip addresses and those are precisely how a computer system at one end of the internet understands how to talk particularly to another computer somewhere else and not just yell it into the void that is the web when you type in google.com and you struck enter your computer sends 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 gets a package back to send out to you now the bundle is then unpacked by your computer system to reveal you the entirety 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 easy and user friendly 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 confused right we don’t speak in numbers or ip addresses we speak in dot coms dot orgs and internet due to the fact that it makes sense to us so that’s essentially what a dns is a translator for people to speak machine code next up let’s see how this works for crypto ens is basically the exact same thing that i simply pointed out other than it’s for ethereum ens represents ethereum name service and pretty much lets me tell you that whiteboardcrypto.eth is my wallet address so you can merely 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 complimentary and it rewards all our effort on this video and the past hundred that we have actually been truly hard at work creating but anyways if you’re not used to comprehending crypto the alternative to sharing whiteboard crypto.eth with someone is i ‘d need to share
Current domain register to release domain name or in order to move it over to this other domain name register etc uh when you have a dot crypto dot zill any kind of blockchain based domain you can move it to anywhere you desire whatever wallet you want with ease fine so now let’s delve into my laptop computer and get into the guide area of the video where i want to reveal you unstoppable domain names how to get a domain how to set up a particular wallet so you can connect the domain that you purchased to your wallet etc so you can really comprehend how to effectively use unstoppable domain names so let’s start welcome to my laptop computer let’s start so this is unstoppable domains.com now to get going with this site is very easy you simply come here and then you key in the domain name that you want right here and then click search now i want simply wish to mention that they do have specific rate points for how many characters remain in the domain that you wish to get so something over 8 characters will be 40 the smaller the domain name the more pricey it’s going to be so for example if i was come here and i key in my surname 2 400 uh i believe i’ll pass but anyways let me go on and simply include this to cart for demonstration functions we’ll go to the carts and that’s it okay 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 unusual crypto sites where you have to pay in cryptocurrency or you have to purchase unstoppable coin then exchange it or whatever no you can pay with nevertheless payment entrance you want to utilize fine and that’s it and so once 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 claim your crypto domain address now the reason why you ‘d want to go through the process and really claim uh your domain addresses due to the fact that one then you in fact own it then two you can do whatever you desire with it if you want to go offer it on some type of like nft market you can go ahead and do that okay so simply like when you buy any type of cryptocurrency from an exchange like uh coinbase for example what it is is simply an iou it’s an iou till 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 simply desire to briefly reference at the time of this video that there are a couple of ways to declare your domain name the first method is that you have to acquire 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 in fact have to pay uh to move things on and off through gas fees number 2 is you can pay the gas charges 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 simply wait until august so then they’ll have a scaling solution that makes it easy to claim however anyways to get begun is very easy so we go here state if i desire to claim this one make a website.crypto we’ll declare with ethereum right there declare procedure began so now we have to send out the code by email so click that and so right over here we’ll leap 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 just highlight that ideal click copy paste there we go boom put that in alright terrific 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 particularly for ethereum now there are a few various wallets that they recommend 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 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 all right so we click on this link then we want to download it now click on that set up metamask for chrome okay and let’s proceed and add to chrome add extension and there we go all right so now the metamask app is installed on our browser so we just click start we are brand-new to metamask so here is where you have to set up a wallet a wallet is what you make with your cryptocurrency Selling Namecoin For Bitcoin