Namecoin Acution 2022

discuss subjects of the cryptocurrency world…Namecoin Acution. utilizing 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 suggests for people entering the complex crypto area prior to 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 love utilizing examples so that’s precisely what we’re going to be using to assist you comprehend dns so dns stands for domain service which is an expensive method of saying that it is a handy service which permits us humans to key in human legible addresses into the search bar and after that it will automatically turn them into maker readable addresses so the majority of you are probably familiar with ip addresses and those are precisely how a computer at one end of the web knows how to talk particularly to another computer system elsewhere and not simply shout it into the void that is the web when you enter 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 searching for them and then grabs a plan back to send out to you now the bundle is then unpacked by your computer to reveal you the totality of the google.com web page using complex mathematics and software all of this

communication occurs behind the scenes however to you it’s easy and user friendly in fact if we had to type in 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 nets because it makes sense to us so that’s essentially 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 very same thing that i simply discussed except 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 do not have 20 and you want to support the channel do not hesitate to leave a like below it’s complimentary and it rewards all our effort on this video and the past hundred that we have actually been truly hard at work producing but anyways if you’re not used to understanding crypto the option to sharing whiteboard crypto.eth with someone is i ‘d have to share

Current 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 okay so now let’s jump into my laptop computer and get into the guide area of the video where i want to reveal you unstoppable domain how to get a domain how to establish a specific wallet so you can attach the domain that you bought to your wallet etc so you can actually comprehend how to correctly use unstoppable domain so let’s start welcome to my laptop computer let’s start so this is unstoppable domains.com now to get started with this website is extremely easy you just come here and after that you key in the domain that you want right here and then click search now i want just wish to point out that they do have particular cost points for how many characters remain in the domain that you wish to get so something over 8 characters will be 40 the smaller the domain the more pricey it’s going to be so for instance if i was come here and i key in my surname 2 400 uh i believe i’ll pass but anyways let me go ahead and simply add this to cart for presentation purposes we’ll go to the carts which’s it alright and

then you click on here checkout and that’s it and so 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 unusual 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 nevertheless payment gateway you wish to utilize okay and that’s it therefore as soon as you’re all set then you’ll have your my domain 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 declare your crypto domain address now the reason you ‘d wish to go through the procedure and in fact claim uh your domain addresses since one then you in fact own it then two you can do whatever you desire with it if you want to go offer it on some type of like nft marketplace you can go on and do that all right so similar to 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 till you really move the cryptocurrency from coinbase to your own wallet this is the same so this is on there this is you know it resembles a hot wallet i guess you know this is you you have not declared it yet so it’s an iou that you own this and so i just want to briefly mention at the time of this video that there are a few ways to declare your domain the first way is that you need to buy a claim with credits cost so that costs uh at this time 40 per domain name and so that’s pays for the gas charges you resemble what are gas fees look this the ethereum network you in fact need to pay uh to move things on and off via gas costs second is you can pay the gas costs directly 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 simply wait until august so then they’ll have a scaling solution that makes it easy to claim but anyways to start is extremely 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 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 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 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 specifically for ethereum now there are a few different wallets that they advise 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 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 begin with metamask is simple meta mask there we go okay so we click here then we want to download it now click on that set up metamask for chrome all right and let’s proceed and add to chrome include extension and there we go okay so now the metamask app is set up on our web browser so we just click on begin we are brand-new to metamask so here is where you need to establish a wallet a wallet is what you finish with your cryptocurrency Namecoin Acution