Namecoin Mining Profitability 2022

discuss subjects of the cryptocurrency world…Namecoin Mining Profitability. 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 better than ens and what that indicates for people entering into the complicated crypto space prior to we actually get to comprehending the power of unstoppable domains the first thing we’ll need to do is understand dns here at whiteboard crypto we enjoy using examples so that’s precisely what we’re going to be using to help you understand dns so dns means domain name service which is an expensive method of saying that it is a practical service which allows us humans to enter human readable addresses into the search bar and then it will automatically turn them into machine legible addresses so most of you are probably familiar with ip addresses and those are precisely how a computer at one end of the internet knows how to talk specifically to another computer system somewhere else and not simply shriek it into the void that is the web when you type in google.com and you hit enter your computer sends out 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 plan back to send to you now the bundle is then unpacked by your computer system to show you the whole of the google.com web page using complex math and software all of this

interaction takes place behind the scenes but to you it’s basic and easy to use 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 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 essentially 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 just pointed out other than it’s for ethereum ens means ethereum name service and practically lets me inform 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 don’t have 20 and you wish to support the channel do not hesitate to leave a like listed below it’s complimentary and it rewards all our effort on this video and the past hundred that we’ve been truly hard at work creating however anyways if you’re not used to comprehending crypto the alternative to sharing white boards crypto.eth with someone is i ‘d need to share

Present 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 kind of blockchain based domain you can move it to any place you desire whatever wallet you desire with ease all right so now let’s delve into my laptop computer and enter the guide area of the video where i want to reveal you unstoppable domain how to get a domain name how to establish a specific wallet so you can connect the domain that you bought to your wallet etc so you can actually comprehend how to effectively utilize unstoppable domain names so let’s start welcome to my laptop computer let’s start so this is unstoppable domains.com now to start with this website is extremely basic you simply come here and then you key in the domain that you want right here and then click on search now i desire just wish to mention that they do have particular cost 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 pricey it’s going to be so for instance if i was come here and i key in my last name 2 400 uh i believe i’ll pass however anyways let me proceed and just add this to cart for demonstration functions we’ll go to the carts and that’s it all right 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 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 however payment entrance you want to use alright 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 claim your crypto domain address now the reason why you ‘d desire to go through the procedure and in fact declare uh your domain addresses since one then you actually own it then two you can do whatever you want with it if you desire 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 until you really 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 think you know this is you you have not declared it yet so it’s an iou that you own this and so i simply want to briefly mention at the time of this video that there are a couple of methods to claim your domain name the very first way is that you have to buy a claim with credits fee 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 charges look this the ethereum network you actually have to pay uh to move things on and off by means of gas charges 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 till august so then they’ll have a scaling service that makes it simple to claim however anyways to get begun is extremely easy 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 began so now we have to send the code by email so click that and so right over here we’ll jump 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 best click copy paste there we go boom put that in fine terrific now you’re like whoa what do i do pick 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 different wallets that they recommend 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 simply going to use metamask so to get going with metamask is simple meta mask there we go alright so we click here then we want to download it now click on that set up metamask for chrome fine and let’s go ahead and contribute 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 begin 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 Mining Profitability