How Do Crypto Domains Work 2022

explain topics of the cryptocurrency world…How Do Crypto Domains Work. utilizing analogies stories and examples so that you can quickly understand 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 suggests for people getting into the complicated crypto space before we actually get to comprehending the power of unstoppable domains the first thing we’ll require to do is comprehend dns here at whiteboard crypto we enjoy utilizing examples so that’s exactly what we’re going to be utilizing to assist you comprehend dns so dns stands for domain service which is a fancy way of saying that it is a handy service which permits us human beings to key in human readable addresses into the search bar and after that it will instantly turn them into device legible addresses so the majority of you are most likely acquainted with ip addresses and those are exactly how a computer at one end of the internet understands how to talk particularly to another computer somewhere else and not simply shout it into the void that is the web when you key in google.com and you hit enter your computer sends 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 looking for them and then grabs a bundle back to send out to you now the bundle is then unpacked by your computer to reveal you the whole of the google.com web page using complicated math and software application all of this

communication takes place 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 puzzled right we don’t speak in numbers or ip addresses we speak in dot coms dot orgs and internet because 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 simply pointed out other than it’s for ethereum ens stands for ethereum name service and basically lets me inform 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 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’ve been really hard at work producing however anyways if you’re not used to understanding crypto the alternative to sharing white boards crypto.eth with somebody is i ‘d need to share

Current domain register to release domain name or in order to move it over to this other domain 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 any place you want whatever wallet you want with ease fine so now let’s jump into my laptop and get into the guide section of the video where i wish to show you unstoppable domain how to get a domain name how to set up a particular wallet so you can attach the domain that you bought to your wallet etc so you can really comprehend how to properly use unstoppable domain names so let’s get started welcome to my laptop let’s start so this is unstoppable domains.com now to start with this website is really easy you simply come here and then you enter the domain that you want right here and then click on search now i want just wish to discuss that they do have particular cost 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 pricey it’s going to be so for example if i was come here and i enter my last name 2 400 uh i think i’ll pass however anyways let me go on and simply include this to cart for presentation purposes we’ll go to the carts which’s it fine and

then you click 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 truly 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 purchase unstoppable coin then exchange it or whatever no you can pay with nevertheless payment gateway you wish to utilize fine which’s it therefore once 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 site dot crypto and that’s it how to claim your crypto domain address now the reason why you ‘d wish to go through the process and actually 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 sell it on some type of like nft market you can proceed and do that alright so similar to when you buy any type of cryptocurrency from an exchange like uh coinbase for example what it is is just an iou it’s an iou till you in fact 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 guess you know this is you you haven’t claimed it yet so it’s an iou that you own this and so i just wish to briefly mention at the time of this video that there are a few ways to claim your domain the first way is that you have 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 charges you resemble what are gas fees look this the ethereum network you actually have to pay uh to move things on and off by means of gas costs number two is you can pay the gas fees 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 until august so then they’ll have a scaling solution that makes it simple to claim however anyways to start is really simple so we go here state if i wish to claim this one make a website.crypto we’ll declare with ethereum right there declare procedure began so now we need 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 hit 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 all right great now you resemble whoa what do i do select 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 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 utilizing desktop and i like trust wallet for mobile uh with regards to unstoppable domains so we’re just going to use metamask so to get going with metamask is simple meta mask there we go alright so we click on this link then we wish to download it now click that install metamask for chrome all right and let’s go on and add to chrome include extension and there we go fine so now the metamask app is installed on our browser so we just click 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 How Do Crypto Domains Work