Is Namecoin The Future 2022

discuss topics of the cryptocurrency world…Is Namecoin The Future. 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 much better than ens and what that means for people entering into the complex crypto area before we in fact get to comprehending the power of unstoppable domains the first thing we’ll require to do is comprehend dns here at whiteboard crypto we love using examples so that’s exactly what we’re going to be using to help you understand dns so dns means domain service which is an elegant way of stating that it is an useful service which permits us human beings to key in human readable addresses into the search bar and after that it will automatically turn them into device understandable addresses so most of you are probably acquainted with ip addresses and those are exactly how a computer at one end of the web knows how to talk specifically to another computer somewhere else and not just shriek 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 saying yo where’s google the internet service provider discovers and goes to where google is tells them that you are searching for them and then grabs a package back to send out to you now the package is then unpacked by your computer to reveal you the totality of the google.com web page using complex math and software application all of this

interaction occurs behind the scenes however to you it’s easy 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 don’t speak in numbers or ip addresses we speak in dot coms dot orgs and nets since 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 same thing that i just pointed out except it’s for ethereum ens stands for ethereum name service and pretty much lets me tell 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 do not have 20 and you want to support the channel feel free to leave a like listed below it’s complimentary and it rewards all our hard work on this video and the past hundred that we have actually been truly hard at work creating but anyways if you’re not utilized to comprehending crypto the alternative to sharing white boards crypto.eth with someone is i ‘d need to share

Existing domain register to release domain 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 you can transfer it to any place you want whatever wallet you desire with ease fine so now let’s delve into my laptop and enter into the tutorial section 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 connect the domain name that you purchased to your wallet and so on so you can really understand how to properly utilize unstoppable domain names so let’s start welcome to my laptop let’s begin so this is unstoppable domains.com now to begin with this site is really simple you simply come here and then you key in the domain that you want right here and after that click search now i desire simply wish to discuss that they do have specific price points for the number of characters remain in the domain that you want to get so something over 8 characters will be 40 the smaller the domain the more costly it’s going to be so for instance if i was come here and i enter my surname 2 400 uh i think i’ll pass but anyways let me go on and just include this to cart for demonstration functions we’ll go to the carts and that’s it fine 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 actually like i like that it’s versatile i like it’s that it’s not one of those odd crypto sites where you have to pay in cryptocurrency or you have to buy unstoppable coin then exchange it or whatever no you can pay with however payment entrance you desire to use okay and that’s it and so once 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 site dot crypto and that’s it how to claim your crypto domain address now the factor why you ‘d want to go through the procedure and in fact claim uh your domain addresses due to the fact that one then you really 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 market you can go ahead and do that okay 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 till you in fact move the cryptocurrency from coinbase to your own wallet this is the very 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 declared it yet so it’s an iou that you own this and so i just want to briefly reference at the time of this video that there are a couple of methods to declare your domain name the first way is that you have to acquire a claim with credits cost so that costs uh at this time 40 per domain name and so that’s pays for the gas fees you’re like what are gas costs look this the ethereum network you actually have to pay uh to move things on and off by means of gas charges number two is you can pay the gas costs straight 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 till august so then they’ll have a scaling solution that makes it easy to claim but anyways to get started is extremely simple so we go here state if i want to declare this one make a website.crypto we’ll claim with ethereum right there claim process started so now we have to send 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 right click copy paste there we go boom put that in all right excellent now you’re like whoa what do i do choose wallet for claiming 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 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 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 start with metamask is simple meta mask there we go all right so we click on this link then we wish to download it now click that set up metamask for chrome all right and let’s go on and contribute 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 get started we are new to metamask so here is where you have to establish a wallet a wallet is what you finish with your cryptocurrency Is Namecoin The Future