Exchange Namecoin For Bitcoin 2022

explain subjects of the cryptocurrency world…Exchange Namecoin For Bitcoin. using examples stories and examples so that you can easily comprehend them in this video we are going to be describing what unstoppable domains is how they might be better than ens and what that implies for individuals entering the complex crypto space prior to we really get to understanding the power of unstoppable domains the first thing we’ll need to do is comprehend dns here at white boards crypto we enjoy utilizing examples so that’s exactly what we’re going to be utilizing to help you comprehend dns so dns means domain name service which is an expensive way of stating that it is a valuable service which enables us humans to key in human legible addresses into the search bar and then it will immediately turn them into device readable addresses so the majority of you are probably knowledgeable about ip addresses and those are precisely how a computer system at one end of the internet knows how to talk specifically to another computer system elsewhere and not simply yell it into the void that is the web when you enter google.com and you hit enter your computer sends a message to your internet service provider saying 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 bundle back to send to you now the plan is then unpacked by your computer to reveal you the entirety of the google.com home page using complex math and software all of this

interaction happens behind the scenes but to you it’s easy 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 people would be confused right we don’t speak in numbers or ip addresses we speak in dot coms dot orgs and webs due to the fact that it makes sense to us so that’s essentially 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 very same thing that i just discussed except it’s for ethereum ens represents ethereum name service and practically 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 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 hard work on this video and the past hundred that we’ve been actually hard at work creating but anyways if you’re not used to understanding crypto the option to sharing white boards crypto.eth with someone is i ‘d have to share

Current domain register to release 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 kind of blockchain based domain name you can transfer it to anywhere you desire whatever wallet you want with ease okay so now let’s delve into my laptop computer and enter the tutorial area of the video where i wish to reveal you unstoppable domain how to get a domain how to establish a particular wallet so you can connect the domain that you bought to your wallet and so on so you can really comprehend how to correctly utilize unstoppable domain so let’s get going welcome to my laptop computer let’s start so this is unstoppable domains.com now to begin with this site is extremely easy you simply come here and then you type in the domain name that you desire right here and after that click on search now i desire just wish to mention that they do have particular price points for how many characters remain in the domain that you wish to get so something over 8 characters will be 40 the smaller sized the domain the more pricey it’s going to be so for example if i was come here and i type in my surname 2 400 uh i think i’ll pass however anyways let me go on and just include this to cart for presentation purposes we’ll go to the carts which’s it all right and

then you click 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 truly like i like that it’s versatile i like it’s that it’s not one of those odd crypto websites where you need to pay in cryptocurrency or you have to buy unstoppable coin then exchange it or whatever no you can pay with nevertheless payment gateway you want to utilize okay and that’s it therefore when you’re all set then you’ll have your my domain name 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 that you ‘d want to go through the process and actually declare uh your domain addresses due to the fact that one then you really own it then two you can do whatever you desire with it if you want to go offer it on some type of like nft market you can go on and do that fine so much like when you buy any type of cryptocurrency from an exchange like uh coinbase for instance 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 know it resembles 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 therefore i just want to briefly reference at the time of this video that there are a few ways to declare your domain name the very first way is that you have to acquire a claim with credits cost so that expenses uh at this time 40 per domain therefore that’s pays for the gas fees you’re like what are gas charges look this the ethereum network you actually need to pay uh to move things on and off through gas fees second is you can pay the gas charges straight from your own wallet so if you currently have a wallet established 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 solution that makes it simple to claim however anyways to start is really basic so we go here say if i want to claim this one make a website.crypto we’ll claim with ethereum right there declare procedure began 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 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 fine excellent now you’re like whoa what do i do choose wallet for declaring 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 various wallets that they advise 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 just going to utilize metamask so to get going with metamask is easy meta mask there we go fine so we click here then we want to download it now click on that set up metamask for chrome alright and let’s proceed and add to chrome add extension and there we go all right so now the metamask app is set up on our internet browser so we simply click get going we are new to metamask so here is where you have to set up a wallet a wallet is what you finish with your cryptocurrency Exchange Namecoin For Bitcoin