Is Domain Flipping Legal 2022

explain subjects of the cryptocurrency world…Is Domain Flipping Legal. using examples 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 better than ens and what that implies for people getting into the complex crypto area before we in fact get to comprehending the power of unstoppable domains the first thing we’ll need to do is comprehend dns here at whiteboard crypto we love utilizing examples so that’s precisely what we’re going to be utilizing to assist you understand dns so dns represents domain service which is a fancy method of stating that it is a practical service which allows us human beings to type in human legible addresses into the search bar and after that it will immediately turn them into machine readable addresses so the majority of you are most likely knowledgeable about ip addresses and those are precisely how a computer at one end of the web understands how to talk particularly to another computer somewhere else and not just scream it into the void that is the web when you type in google.com and you struck enter your computer system sends out 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 gets a bundle back to send to you now the plan is then unpacked by your computer to reveal you the totality of the google.com web page utilizing complicated mathematics and software all of this

interaction happens behind the scenes however to you it’s simple and easy to use 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 do not speak in numbers or ip addresses we speak in dot coms dot orgs and internet since it makes sense to us so that’s basically what a dns is a translator for humans to speak machine code next up let’s see how this works for crypto ens is essentially the very same thing that i just pointed out other than it’s for ethereum ens represents ethereum name service and pretty much 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 want to support the channel feel free to leave a like below it’s free and it rewards all our effort on this video and the past hundred that we have actually been actually hard at work developing however anyways if you’re not used to understanding crypto the alternative to sharing white boards crypto.eth with someone is i ‘d have to share

Existing domain name 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 kind of blockchain based domain name you can move it to wherever you desire whatever wallet you desire with ease fine so now let’s jump into my laptop and enter into the guide area of the video where i want to reveal you unstoppable domain how to get a domain name how to set up a particular wallet so you can attach the domain that you purchased to your wallet etc so you can actually comprehend how to appropriately use unstoppable domain names so let’s start welcome to my laptop let’s begin so this is unstoppable domains.com now to start with this website is very easy you just come here and after that you enter the domain that you desire right here and then click search now i desire just wish to point out that they do have particular cost points for how many characters are in the domain that you wish to get so something over 8 characters will be 40 the smaller sized the domain name 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 believe i’ll pass however anyways let me go on and just add this to cart for demonstration functions we’ll go to the carts which’s it okay and

You click on 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 really 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 nevertheless payment gateway you want to use fine and that’s it and so as soon as you’re all set then you’ll have your my domain name list in your account and so 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 why you ‘d desire to go through the procedure and really claim uh your domain addresses because 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 alright so simply like when you purchase any type of cryptocurrency from an exchange like uh coinbase for example 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 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 and so i simply want to briefly reference at the time of this video that there are a few ways to declare your domain name the very first method 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 costs you’re like what are gas charges look this the ethereum network you actually have to pay uh to move things on and off via gas fees number 2 is you can pay the gas fees straight from your own wallet so if you already have a wallet set up and you have ethereum in there you can pay with your own ethereum or you can simply wait until august so then they’ll have a scaling service that makes it easy to claim but anyways to get begun is very simple so we go here state if i desire to claim this one make a website.crypto we’ll claim with ethereum right there claim process began so now we have to send out the code by e-mail so click that and so 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 ideal click copy paste there we go boom put that in okay terrific now you’re like 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 specifically for ethereum now there are a few different 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 use metamask so to begin with metamask is easy meta mask there we go alright so we click here then we wish to download it now click that install metamask for chrome okay and let’s go on and add to chrome add extension and there we go okay so now the metamask app is set up on our web browser so we simply click on start we are brand-new to metamask so here is where you have to establish a wallet a wallet is what you do with your cryptocurrency Is Domain Flipping Legal