How Much Did Amazon Pay For The Cryptocurrency Domain Name 2022

discuss subjects of the cryptocurrency world…How Much Did Amazon Pay For The Cryptocurrency Domain Name. utilizing 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 means for individuals entering into the complex crypto space before we really get to comprehending the power of unstoppable domains the first thing we’ll require to do is understand dns here at white boards crypto we like utilizing examples so that’s precisely what we’re going to be using to help you comprehend dns so dns stands for domain name service which is an expensive way of saying that it is a practical service which allows us humans to enter human legible addresses into the search bar and then it will immediately turn them into maker legible addresses so most of you are probably acquainted with ip addresses and those are exactly how a computer system at one end of the internet knows how to talk particularly to another computer system somewhere else and not just shout it into the abyss that is the web when you enter google.com and you struck enter your computer system sends a message to your internet service provider stating yo where’s google the internet service provider finds out and goes to where google is tells them that you are trying to find them and after that grabs a package back to send out to you now the plan is then unpacked by your computer to reveal you the whole of the google.com home page utilizing complex math and software all of this

interaction occurs behind the scenes but to you it’s basic and user friendly in fact if we needed to enter 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 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 exact same thing that i just pointed out except it’s for ethereum ens means ethereum name service and pretty much lets me inform you that whiteboardcrypto.eth is my wallet address so you can merely type that in and pay me 20 if you desire 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 complimentary and it rewards all our effort on this video and the past hundred that we’ve been truly hard at work creating however anyways if you’re not utilized to understanding crypto the alternative to sharing white boards crypto.eth with someone is i ‘d need to share

Present domain name register to release domain 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 you can move it to anywhere you want whatever wallet you want with ease okay so now let’s jump into my laptop and get into the tutorial area of the video where i want to show you unstoppable domain names how to get a domain name how to establish a specific wallet so you can attach the domain that you purchased to your wallet etc so you can actually comprehend how to effectively 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 going with this website is very easy you simply come here and then you key in the domain that you want right here and after that click on search now i desire just want to discuss that they do have particular cost points for the number of characters are in the domain that you want 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 enter my last name 2 400 uh i think i’ll pass however anyways let me go ahead and just 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 odd crypto sites where you need to pay in cryptocurrency or you have to purchase unstoppable coin then exchange it or whatever no you can pay with however payment gateway you want to utilize fine and that’s it and so 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 that you ‘d wish to go through the process and actually claim uh your domain addresses due to the fact that one then you in fact own it then 2 you can do whatever you desire with it if you want to go sell it on some type of like nft marketplace you can go ahead and do that all right so similar to when you purchase any type of cryptocurrency from an exchange like uh coinbase for instance what it is is simply an iou it’s an iou till 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 know this is you you have not claimed it yet so it’s an iou that you own this therefore i just wish to briefly mention at the time of this video that there are a couple of methods to declare 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 and so that’s spends for the gas charges you’re like what are gas costs look this the ethereum network you actually have to pay uh to move things on and off via gas costs number two is you can pay the gas costs 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 till august so then they’ll have a scaling option that makes it simple to claim however anyways to begin is very simple so we go here say if i want to claim this one make a website.crypto we’ll declare with ethereum right there declare process started so now we need to send out 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 just highlight that right click copy paste there we go boom put that in all right great now you resemble 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 particularly for ethereum now there are a few various wallets that they suggest 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 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 start 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 okay 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 browser so we just click begin we are new to metamask so here is where you have to establish a wallet a wallet is what you finish with your cryptocurrency How Much Did Amazon Pay For The Cryptocurrency Domain Name