What Are Namecoins – Starting at $5+

discuss subjects of the cryptocurrency world…What Are Namecoins. 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 indicates for people getting into the complex crypto space prior to we in fact get to understanding the power of unstoppable domains the first thing we’ll require to do is understand dns here at whiteboard crypto we like using examples so that’s exactly what we’re going to be using to help you comprehend dns so dns represents domain name service which is an expensive method of stating that it is an useful service which permits us humans to key in human understandable addresses into the search bar and then it will automatically turn them into machine readable addresses so most of you are probably familiar with ip addresses and those are precisely how a computer at one end of the internet understands how to talk specifically to another computer system 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 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 looking for them and after that gets a plan 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 home page using complicated mathematics and software application all of this

interaction occurs behind the scenes but to you it’s simple and user friendly in fact if we needed to type 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 because it makes good 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 essentially the very same thing that i just discussed except it’s for ethereum ens means ethereum name service and practically lets me tell you that whiteboardcrypto.eth is my wallet address so you can just 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 feel free to leave a like below it’s free and it rewards all our effort on this video and the past hundred that we have actually been actually hard at work producing but anyways if you’re not utilized to comprehending 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 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 want whatever wallet you want with ease okay so now let’s delve into my laptop and enter into the tutorial section 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 connect the domain name that you purchased to your wallet etc so you can actually understand how to correctly utilize unstoppable domain names so let’s get going welcome to my laptop computer let’s start so this is unstoppable domains.com now to begin with this website is very easy you just come here and then you enter the domain name that you want right here and after that click search now i desire simply wish to discuss that they do have specific rate points for the number of characters are in the domain 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 proceed and simply include this to cart for presentation functions we’ll go to the carts and that’s it alright and

then you click on 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 actually like i like that it’s versatile i like it’s that it’s not one of those weird crypto sites where you have to pay in cryptocurrency or you need to buy unstoppable coin then exchange it or whatever no you can pay with nevertheless payment entrance you want to use okay which’s it therefore when you’re all set then you’ll have your my domain list in your account therefore 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 reason you ‘d wish to go through the process and actually declare uh your domain addresses due to the fact that one then you in fact own it then 2 you can do whatever you desire with it if you want to go sell it on some kind of like nft marketplace you can go on and do that alright 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 actually move the cryptocurrency from coinbase to your own wallet this is the same so this is on there this is you understand it resembles a hot wallet i guess you know this is you you have not declared it yet so it’s an iou that you own this and so i simply wish to briefly reference at the time of this video that there are a couple of ways to claim your domain the very first way is that you need to purchase a claim with credits charge so that expenses uh at this time 40 per domain name and so that’s pays for the gas fees you’re like what are gas charges look this the ethereum network you really need to pay uh to move things on and off by means of gas fees number two is you can pay the gas fees 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 simply wait until august so then they’ll have a scaling service that makes it simple to claim however anyways to get going 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 claim process started so now we need to send out the code by e-mail so click that and so right over here we’ll leap over here and await 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 alright fantastic 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 few different 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 just going to utilize metamask so to begin with metamask is simple meta mask there we go alright so we click on this link then we wish to download it now click on that install metamask for chrome all right and let’s go on and contribute to chrome include extension and there we go all right so now the metamask app is installed on our web browser so we simply click on begin we are brand-new to metamask so here is where you have to set up a wallet a wallet is what you finish with your cryptocurrency What Are Namecoins