Namecoin Pool 2022

describe topics of the cryptocurrency world…Namecoin Pool. utilizing analogies stories and examples so that you can easily understand them in this video we are going to be describing what unstoppable domains is how they might be better than ens and what that indicates for people entering into the complicated crypto area before we actually get to understanding the power of unstoppable domains the first thing we’ll need to do is understand dns here at whiteboard crypto we love using examples so that’s exactly what we’re going to be utilizing to assist you comprehend dns so dns stands for domain name service which is a fancy method of saying that it is a practical service which enables us humans to type in human readable addresses into the search bar and then it will instantly turn them into machine readable addresses so the majority of you are most likely familiar with ip addresses and those are exactly how a computer at one end of the web knows how to talk particularly to another computer system elsewhere and not just shout it into the abyss that is the web when you enter google.com and you struck enter your computer system sends 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 looking for them and after that grabs a package back to send to you now the package is then unpacked by your computer system to show you the whole of the google.com web page utilizing complex mathematics and software application all of this

interaction occurs behind the scenes but 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 due to the fact that 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 essentially the same thing that i just pointed out 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 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 effort on this video and the past hundred that we have actually been actually hard at work producing however anyways if you’re not used to comprehending crypto the option to sharing white boards crypto.eth with somebody is i ‘d have to share

Existing domain name register to release domain name or in order to move it over to this other domain register etc uh when you have a dot crypto dot zill any type of blockchain based domain name you can transfer it to wherever you desire whatever wallet you desire with ease alright so now let’s jump into my laptop and enter into the guide section of the video where i wish to reveal you unstoppable domain how to get a domain how to establish a particular wallet so you can connect the domain name that you purchased to your wallet etc so you can actually comprehend how to effectively use unstoppable domain so let’s start welcome to my laptop let’s start so this is unstoppable domains.com now to begin with this site is extremely easy you just come here and after that you type in the domain that you want right here and then click search now i desire just wish to point out that they do have specific cost points for how many characters are in the domain name that you want to get so something over 8 characters will be 40 the smaller sized 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 believe i’ll pass but anyways let me go on and simply include this to cart for demonstration functions we’ll go to the carts which’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 actually like i like that it’s versatile i like it’s that it’s not one of those weird crypto websites where you need 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 want to utilize alright which’s it therefore once 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 website dot crypto which’s it how to claim your crypto domain address now the reason why you ‘d want to go through the process and actually declare uh your domain addresses due to the fact that 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 all right so just like 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 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 understand it resembles a hot wallet i guess you understand this is you you have not claimed it yet so it’s an iou that you own this therefore i simply wish to briefly reference at the time of this video that there are a few ways to claim your domain the first method is that you need to acquire a claim with credits cost so that expenses uh at this time 40 per domain name therefore that’s pays for the gas costs you resemble what are gas charges look this the ethereum network you really need to pay uh to move things on and off by means of gas costs second is you can pay the gas charges 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 simply wait until august so then they’ll have a scaling solution that makes it easy to claim however anyways to get going is really easy so we go here say if i wish to claim this one make a website.crypto we’ll declare with ethereum right there claim process 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 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 just highlight that best click copy paste there we go boom put that in alright terrific now you resemble whoa what do i do pick wallet for declaring 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 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 utilize metamask so to get going with metamask is simple meta mask there we go fine 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 add to chrome add extension and there we go alright so now the metamask app is set up on our browser so we simply click on get going we are new to metamask so here is where you need to set up a wallet a wallet is what you finish with your cryptocurrency Namecoin Pool