Crypto Domain Meaning 2022

discuss topics of the cryptocurrency world…Crypto Domain Meaning. utilizing examples stories and examples so that you can quickly comprehend 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 people getting into the complicated crypto space before we really get to comprehending the power of unstoppable domains the first thing we’ll need to do is comprehend dns here at white boards crypto we love using examples so that’s exactly what we’re going to be using to assist you understand dns so dns stands for domain name service which is a fancy method of stating that it is a valuable service which permits us human beings to type in human legible addresses into the search bar and after that it will immediately turn them into device understandable addresses so most of you are most likely knowledgeable about ip addresses and those are exactly how a computer at one end of the web understands how to talk specifically to another computer system somewhere else and not simply shout it into the void that is the web when you type in google.com and you struck enter your computer 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 looking for them and after that grabs 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 utilizing complex math and software application all of this

communication happens behind the scenes however to you it’s simple 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 puzzled right we do not speak in numbers or ip addresses we speak in dot coms dot orgs and nets because 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 basically the exact same thing that i just discussed other than it’s for ethereum ens represents ethereum name service and practically lets me inform you that whiteboardcrypto.eth is my wallet address so you can merely type that in and pay me 20 if you want 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 free and it rewards all our hard work on this video and the past hundred that we have actually been truly hard at work producing however anyways if you’re not utilized to understanding crypto the option to sharing whiteboard crypto.eth with someone is i ‘d need to share

Current 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 name you can transfer it to wherever you want whatever wallet you desire with ease alright so now let’s jump into my laptop computer and enter the guide section of the video where i wish to reveal you unstoppable domain names how to get a domain name how to set up a specific wallet so you can attach the domain that you purchased to your wallet and so on so you can actually understand how to appropriately utilize unstoppable domain names so let’s begin welcome to my laptop computer let’s begin so this is unstoppable domains.com now to get going with this site is really simple you simply come here and after that you key in the domain name that you desire right here and after that click on search now i want just want to mention that they do have particular cost points for the number of characters are in the domain name that you wish to get so something over 8 characters will be 40 the smaller sized the domain the more costly it’s going to be so for instance if i was come here and i enter my surname 2 400 uh i believe i’ll pass but anyways let me go ahead and just add this to cart for demonstration functions we’ll go to the carts which’s it alright 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 really 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 nevertheless payment entrance you desire to utilize all right 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 claim your crypto domain address now the reason why you ‘d desire to go through the process and really declare uh your domain addresses because one then you actually 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 alright 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 up until you in fact move the cryptocurrency from coinbase to your own wallet this is the same so this is on there this is you understand it’s like a hot wallet i guess you know this is you you have not claimed it yet so it’s an iou that you own this and so i simply want to briefly mention at the time of this video that there are a few methods to declare your domain name the very first way 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 fees look this the ethereum network you really have to pay uh to move things on and off by means of gas costs number 2 is you can pay the gas costs straight 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 solution that makes it simple to claim but anyways to get begun is really 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 procedure started so now we have to send the code by e-mail so click that and so right over here we’ll jump 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 simply highlight that right click copy paste there we go boom put that in fine fantastic 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 couple of different wallets that they advise so for desktop there’s meta mask for mobile you can

use 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 get going with metamask is easy 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 fine and let’s go ahead and contribute to chrome add extension and there we go fine so now the metamask app is set up on our browser so we just click on start we are brand-new to metamask so here is where you have to set up a wallet a wallet is what you do with your cryptocurrency Crypto Domain Meaning