describe topics of the cryptocurrency world…The Traders Domain Crypto. using examples 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 much better than ens and what that implies for individuals entering into the complicated crypto space prior to we actually get to comprehending the power of unstoppable domains the first thing we’ll need to do is understand dns here at white boards crypto we love using examples so that’s exactly what we’re going to be using to help you understand dns so dns stands for domain name service which is an elegant way of stating that it is a handy service which enables us people to type in human readable addresses into the search bar and then it will automatically turn them into machine legible addresses so most of you are probably familiar with ip addresses and those are exactly how a computer system at one end of the web understands how to talk specifically to another computer system somewhere else and not just shout it into the abyss that is the web when you type in google.com and you hit enter your computer system sends a message to your internet service provider stating yo where’s google the internet service provider finds out and goes to where google is tells them that you are searching for them and after that gets 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 home page utilizing complex mathematics and software all of this
interaction takes place behind the scenes but to you it’s basic and user friendly 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 puzzled right we don’t speak in numbers or ip addresses we speak in dot coms dot orgs and nets since it makes good sense to us so that’s basically what a dns is a translator for humans to speak machine code next up let’s see how this works for crypto ens is basically the same thing that i just discussed 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 simply type that in and pay me 20 if you want by the way if you don’t 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 effort on this video and the past hundred that we have actually been really hard at work producing but anyways if you’re not used to understanding crypto the alternative to sharing white boards crypto.eth with someone is i ‘d need to share
Existing domain name register to launch domain 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 move it to any place you desire whatever wallet you desire with ease fine so now let’s jump into my laptop computer and enter the guide area of the video where i wish to show you unstoppable domain how to get a domain how to set up a particular wallet so you can attach the domain that you bought to your wallet and so on so you can really understand how to correctly 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 website is really basic you just come here and after that you key in the domain name that you want right here and then click on search now i want just want to mention that they do have specific rate points for how many characters are in the domain that you want to get so something over 8 characters will be 40 the smaller the domain the more costly it’s going to be so for instance if i was come here and i type in my last name 2 400 uh i believe i’ll pass but anyways let me go on and simply add this to haul for demonstration purposes we’ll go to the carts and that’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 purchase unstoppable coin then exchange it or whatever no you can pay with however payment gateway you desire to utilize alright 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 website dot crypto and that’s it how to declare your crypto domain address now the factor why you ‘d want to go through the procedure and actually declare 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 desire to go offer 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 simply an iou it’s an iou until you really move the cryptocurrency from coinbase to your own wallet this is the very same so this is on there this is you understand it’s like a hot wallet i think you know this is you you haven’t declared 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 few ways to declare your domain name the first method is that you have to acquire a claim with credits cost 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 fees look this the ethereum network you in fact have to pay uh to move things on and off by means of gas costs number two is you can pay the gas charges directly from your own wallet so if you already 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 simple to claim however anyways to get begun is very simple so we go here state if i want to claim this one make a website.crypto we’ll claim with ethereum right there declare process started 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 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 okay great now you’re like whoa what do i do choose 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 simple meta mask there we go all right so we click on this link then we wish to download it now click that install metamask for chrome all right and let’s go on and contribute to chrome add extension and there we go okay so now the metamask app is installed on our web browser so we just click on start we are brand-new to metamask so here is where you need to set up a wallet a wallet is what you make with your cryptocurrency The Traders Domain Crypto