Crypto Related Domain Names Are They A Money Maker For Foma 2022

discuss topics of the cryptocurrency world…Crypto Related Domain Names Are They A Money Maker For Foma. utilizing analogies stories and examples so that you can easily understand them in this video we are going to be discussing what unstoppable domains is how they might be much better than ens and what that indicates for individuals entering the complicated crypto space before we really get to understanding the power of unstoppable domains the first thing we’ll need to do is comprehend dns here at whiteboard crypto we enjoy using examples so that’s exactly what we’re going to be using to assist you comprehend dns so dns represents domain name service which is a fancy way of stating that it is a valuable service which permits us humans to enter human legible addresses into the search bar and then it will automatically turn them into machine understandable addresses so the majority of you are most likely knowledgeable about ip addresses and those are exactly how a computer system at one end of the internet understands how to talk specifically to another computer somewhere else and not just shriek it into the void that is the web when you key in 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 after that gets a package back to send out to you now the plan is then unpacked by your computer system to reveal you the whole of the google.com web page using complex math and software all of this

communication occurs behind the scenes but to you it’s basic 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 webs because it makes sense to us so that’s basically 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 simply pointed out 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 merely type that in and pay me 20 if you want by the way if you don’t have 20 and you wish to support the channel do not hesitate to leave a like below it’s totally free and it rewards all our effort on this video and the past hundred that we have actually been truly hard at work creating however anyways if you’re not used to understanding crypto the option to sharing white boards crypto.eth with someone is i ‘d need to share

Existing domain register to launch domain name 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 transfer it to anywhere you desire whatever wallet you want with ease alright so now let’s jump into my laptop computer and get into the tutorial area of the video where i want to reveal you unstoppable domain names how to get a domain name how to set up a specific wallet so you can connect the domain that you purchased to your wallet etc so you can truly understand how to properly utilize unstoppable domain so let’s begin welcome to my laptop let’s start so this is unstoppable domains.com now to begin with this site is extremely basic you just come here and after that you key in the domain that you desire right here and then click search now i desire just want to discuss that they do have particular price points for how many characters remain in the domain name that you want 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 instance if i was come here and i enter my last name 2 400 uh i think i’ll pass but anyways let me proceed and simply include 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 need to purchase unstoppable coin then exchange it or whatever no you can pay with however payment entrance you wish to utilize alright which’s it and so as soon as 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 claim your crypto domain address now the reason that you ‘d wish to go through the procedure and in fact declare uh your domain addresses since one then you really own it then two you can do whatever you desire with it if you wish to go offer it on some kind of like nft marketplace you can go ahead and do that all right so much like when you buy any kind 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 same so this is on there this is you understand it’s like a hot wallet i guess you understand this is you you haven’t claimed it yet so it’s an iou that you own this therefore i simply want to briefly reference at the time of this video that there are a couple of methods to claim your domain name the first method is that you need to acquire a claim with credits charge so that costs uh at this time 40 per domain therefore that’s pays for the gas charges you resemble what are gas costs look this the ethereum network you really need to pay uh to move things on and off through gas costs number two is you can pay the gas charges directly 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 up until august so then they’ll have a scaling service that makes it easy to claim however anyways to get going is very basic so we go here say if i wish to claim this one make a website.crypto we’ll declare 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 on 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 ideal click copy paste there we go boom put that in alright fantastic now you’re like whoa what do i do pick wallet for claiming 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 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 simply going to use metamask so to get going with metamask is easy meta mask there we go fine so we click here then we wish to download it now click that install metamask for chrome okay and let’s proceed and add to chrome add extension and there we go alright so now the metamask app is set up on our web browser so we just click on get going we are new to metamask so here is where you need to establish a wallet a wallet is what you make with your cryptocurrency Crypto Related Domain Names Are They A Money Maker For Foma