Monero And Namecoin 2022

discuss subjects of the cryptocurrency world…Monero And Namecoin. using analogies stories and examples so that you can quickly comprehend 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 implies for people entering into the complex crypto area before we actually get to understanding the power of unstoppable domains the first thing we’ll need to do is comprehend dns here at whiteboard crypto we like using examples so that’s exactly what we’re going to be utilizing to help you understand dns so dns represents domain name service which is a fancy way of stating that it is a helpful service which allows us people to key in human readable addresses into the search bar and then it will immediately turn them into machine legible addresses so most of you are probably knowledgeable about ip addresses and those are precisely how a computer at one end of the internet knows how to talk specifically to another computer somewhere else and not just yell it into the void that is the web when you enter google.com and you hit enter your computer system sends a message to your internet service provider saying yo where’s google the internet service provider learns and goes to where google is tells them that you are searching for them and after that grabs a package back to send to you now the package is then unpacked by your computer system to reveal you the whole of the google.com web page using complex mathematics and software all of this

interaction happens behind the scenes however to you it’s easy 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 individuals would be puzzled right we do not speak in numbers or ip addresses we speak in dot coms dot orgs and webs 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 basically the very same thing that i simply pointed out other than it’s for ethereum ens represents 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 want by the way if you don’t have 20 and you wish to support the channel feel free to leave a like listed below it’s complimentary and it rewards all our effort on this video and the past hundred that we have actually 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 have 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 kind of blockchain based domain name you can move it to anywhere you desire whatever wallet you want with ease okay so now let’s jump into my laptop computer and enter the tutorial section of the video where i wish to show you unstoppable domain how to get a domain how to set up a specific wallet so you can connect the domain that you purchased to your wallet and so on so you can truly understand how to correctly use unstoppable domain so let’s start welcome to my laptop let’s begin so this is unstoppable domains.com now to start with this website is really simple you just come here and then you enter the domain that you desire right here and then click search now i desire just wish to mention that they do have specific price points for how many characters are in the domain that you want to get so something over 8 characters will be 40 the smaller sized the domain name the more expensive it’s going to be so for example if i was come here and i type in my surname 2 400 uh i believe i’ll pass but anyways let me proceed and simply add this to haul for presentation functions we’ll go to the carts and that’s it okay and

then you click on here checkout and that’s it therefore 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 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 entrance you wish to utilize alright which’s it therefore when 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 which’s it how to declare your crypto domain address now the reason that you ‘d want to go through the process and really claim uh your domain addresses because one then you actually own it then two you can do whatever you want with it if you want to go offer it on some kind of like nft market you can go on and do that okay so just like when you purchase any kind of cryptocurrency from an exchange like uh coinbase for instance what it is is simply an iou it’s an iou up until 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’s like a hot wallet i think you know this is you you have not declared it yet so it’s an iou that you own this and so i just wish to briefly reference at the time of this video that there are a couple of methods to claim your domain the first way is that you have to buy a claim with credits charge so that expenses uh at this time 40 per domain therefore that’s pays for the gas costs you’re like what are gas charges look this the ethereum network you in fact have to pay uh to move things on and off through gas costs number two is you can pay the gas costs directly 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 just wait till august so then they’ll have a scaling solution that makes it easy to claim however anyways to get started is really basic so we go here say if i want to declare this one make a website.crypto we’ll declare with ethereum right there declare procedure began so now we have to send out the code by email so click that therefore right over here we’ll jump over here and wait on 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 alright great 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 specifically for ethereum now there are a few different 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 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 get start with metamask is simple meta mask there we go alright so we click on this link then we want to download it now click on that set up metamask for chrome all right and let’s go on and add to chrome add extension and there we go all right so now the metamask app is installed on our browser so we simply click on get going we are new to metamask so here is where you have to establish a wallet a wallet is what you do with your cryptocurrency Monero And Namecoin