.Crypto Domain Risk 2022

explain topics of the cryptocurrency world….Crypto Domain Risk. using examples stories and examples so that you can easily comprehend them in this video we are going to be explaining what unstoppable domains is how they might be better than ens and what that suggests for people entering the complex crypto space prior to we really 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 utilizing examples so that’s precisely what we’re going to be using to assist you comprehend dns so dns stands for domain name service which is a fancy way of stating that it is a practical service which enables us people to type in human legible addresses into the search bar and then it will automatically turn them into machine legible addresses so most of you are probably acquainted with ip addresses and those are precisely how a computer system at one end of the internet knows how to talk specifically to another computer elsewhere and not simply scream it into the abyss that is the web when you enter google.com and you hit enter your computer sends out a message to your internet service provider stating yo where’s google the internet service provider discovers and goes to where google is tells them that you are trying to find them and then gets a plan back to send to you now the package is then unpacked by your computer system to reveal you the whole of the google.com home page using complex math and software application all of this

interaction occurs behind the scenes but to you it’s basic and easy to use in fact if we had to type in 8.8.8.8 into the url bar instead of google.com a lot more people would be puzzled right we do not 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 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 same thing that i simply mentioned except it’s for ethereum ens stands for ethereum name service and basically lets me tell 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 wish to support the channel feel free to leave a like listed below it’s totally free and it rewards all our effort on this video and the past hundred that we’ve been actually hard at work producing however anyways if you’re not used to understanding crypto the alternative to sharing whiteboard crypto.eth with somebody is i ‘d need to share

Current domain register to release domain or in order to move it over to this other domain name register and so on uh when you have a dot crypto dot zill any type of blockchain based domain name you can move it to any place you want whatever wallet you desire with ease okay so now let’s delve into my laptop computer and enter into the guide 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 and so on so you can really understand how to appropriately utilize unstoppable domain names so let’s get started welcome to my laptop computer let’s start so this is unstoppable domains.com now to get started with this site is really easy you just come here and after that you type in the domain name that you desire right here and after that click on search now i desire simply want to mention that they do have specific rate points for the number of 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 expensive it’s going to be so for instance if i was come here and i type in my last name 2 400 uh i think i’ll pass however anyways let me proceed and simply add this to haul for presentation purposes we’ll go to the carts which’s it fine and

then you click here checkout which’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 flexible i like it’s that it’s not one of those weird 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 entrance you want to utilize all right and that’s it therefore when you’re all set then you’ll have your my domain list in your account and so 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 that you ‘d want to go through the process and really declare uh your domain addresses since one then you in fact own it then two you can do whatever you want with it if you wish to go offer it on some kind of like nft market you can go on and do that fine so just like when you buy any kind of cryptocurrency from an exchange like uh coinbase for instance what it is is just an iou it’s an iou up until you really 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 think you understand this is you you haven’t claimed it yet so it’s an iou that you own this and so i just want to briefly reference at the time of this video that there are a couple of methods to claim your domain the very first method is that you need to acquire a claim with credits cost so that costs uh at this time 40 per domain name therefore that’s spends for the gas costs you’re like what are gas costs look this the ethereum network you really have to pay uh to move things on and off through gas costs number two 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 just wait until august so then they’ll have a scaling service that makes it easy to claim however anyways to begin is extremely easy so we go here say if i want to declare this one make a website.crypto we’ll declare with ethereum right there claim process began so now we have to send the code by e-mail so click that therefore right over here we’ll leap 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 alright excellent 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 couple of various wallets that they suggest 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 start with metamask is easy meta mask there we go okay so we click here then we wish to download it now click that set up metamask for chrome alright and let’s go on and contribute to chrome add extension and there we go all right so now the metamask app is set up on our web browser so we simply click on get started we are brand-new to metamask so here is where you need to set up a wallet a wallet is what you finish with your cryptocurrency .Crypto Domain Risk