Namecoin 2022

describe subjects of the cryptocurrency world…Namecoin. using examples stories and examples so that you can easily comprehend them in this video we are going to be describing what unstoppable domains is how they might be better than ens and what that suggests for people entering the complex 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 white boards crypto we enjoy using examples so that’s exactly what we’re going to be using to assist you comprehend dns so dns stands for domain name service which is an expensive method of saying that it is a helpful service which enables us humans to key in human readable addresses into the search bar and after that it will automatically turn them into device legible addresses so most of you are probably knowledgeable about ip addresses and those are exactly how a computer system at one end of the web knows how to talk specifically to another computer somewhere else and not simply yell it into the abyss that is the web when you type in 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 finds out and goes to where google is tells them that you are trying to find them and after that gets a package back to send out to you now the package is then unpacked by your computer system to reveal you the totality of the google.com web page using complex mathematics and software all of this

communication takes place behind the scenes but to you it’s simple and user friendly in fact if we had to enter 8.8.8.8 into the url bar instead of google.com a lot more people would be confused 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 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 basically the exact same thing that i just mentioned other than 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 simply type that in and pay me 20 if you desire by the way if you do not have 20 and you wish to support the channel feel free 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 actually hard at work producing but anyways if you’re not used to understanding crypto the option to sharing white boards crypto.eth with someone is i ‘d have to share

Existing domain register to release domain name or in order to move it over to this other domain name register etc uh when you have a dot crypto dot zill any type of blockchain based domain you can move it to any place you desire whatever wallet you want with ease okay so now let’s jump into my laptop computer and enter the guide area of the video where i want to reveal you unstoppable domain names how to get a domain name how to establish a particular wallet so you can connect the domain name that you bought to your wallet etc so you can actually comprehend how to properly use unstoppable domain so let’s get started welcome to my laptop let’s begin so this is unstoppable domains.com now to start with this site is extremely basic you simply come here and after that you type in the domain that you desire right here and then click on search now i desire simply wish to point out that they do have specific rate 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 name the more costly it’s going to be so for example if i was come here and i key in my surname 2 400 uh i think i’ll pass however anyways let me go ahead and simply add this to haul for demonstration functions we’ll go to the carts and that’s it okay and

then you click on here checkout which’s it therefore you can pay with a charge 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 unusual crypto websites 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 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 therefore we have right down there so i own my name dot crypto and make a site dot crypto which’s it how to claim your crypto domain address now the reason why you ‘d wish to go through the process and in fact declare uh your domain addresses since one then you really own it then 2 you can do whatever you want with it if you wish to go offer it on some kind of like nft market you can go ahead and do that alright so similar to when you purchase any kind of cryptocurrency from an exchange like uh coinbase for instance what it is is just an iou it’s an iou 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 understand it resembles a hot wallet i think you understand this is you you have not declared it yet so it’s an iou that you own this therefore i simply wish to briefly mention at the time of this video that there are a couple of ways to claim your domain name the very first way is that you have to buy a claim with credits charge so that expenses uh at this time 40 per domain name and so that’s spends for the gas costs you’re like what are gas fees look this the ethereum network you really have to pay uh to move things on and off through gas fees number two is you can pay the gas fees straight from your own wallet so if you already have a wallet established and you have ethereum in there you can pay with your own ethereum or you can just wait up until august so then they’ll have a scaling service that makes it simple to claim but anyways to get going is extremely simple so we go here say if i wish to declare this one make a website.crypto we’ll declare with ethereum right there claim process began so now we have 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 right click copy paste there we go boom put that in fine fantastic 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 couple of 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 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 easy meta mask there we go alright so we click on this link then we want to download it now click that set up metamask for chrome alright and let’s proceed and add to chrome include extension and there we go fine so now the metamask app is installed on our internet browser so we just click on get going we are brand-new to metamask so here is where you have to set up a wallet a wallet is what you do with your cryptocurrency Namecoin