Namecoin Scam 2022

explain subjects of the cryptocurrency world…Namecoin Scam. utilizing examples 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 implies for individuals getting into the complicated crypto area prior to we in fact get to comprehending 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 understand dns so dns represents domain name service which is an elegant way of saying that it is a handy service which enables us human beings to key in human readable addresses into the search bar and then it will instantly turn them into machine understandable addresses so the majority of you are probably knowledgeable about ip addresses and those are exactly how a computer system at one end of the web understands how to talk particularly to another computer system somewhere else and not just yell it into the void that is the web when you type in google.com and you struck enter your computer 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 trying to find them and after that grabs a bundle back to send to you now the plan is then unpacked by your computer system to reveal you the entirety of the google.com home page using complex mathematics and software application all of this

interaction takes place behind the scenes however to you it’s basic and easy to use in fact if we needed to key in 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 due to the fact that it makes good sense to us so that’s basically what a dns is a translator for human beings to speak machine code next up let’s see how this works for crypto ens is essentially the very same thing that i just pointed out other than it’s for ethereum ens means ethereum name service and pretty much lets me tell 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 wish to support the channel feel free to leave a like listed below it’s totally free and it rewards all our hard work on this video and the past hundred that we have actually been truly hard at work producing however anyways if you’re not used to comprehending crypto the alternative to sharing white boards crypto.eth with someone is i ‘d have to share

Current domain name register to launch domain 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 transfer it to any place you want 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 want to reveal you unstoppable domain names how to get a domain how to establish a particular wallet so you can attach the domain that you purchased to your wallet and so on so you can really understand how to appropriately utilize unstoppable domain so let’s start welcome to my laptop let’s start so this is unstoppable domains.com now to start with this site is very basic you just come here and after that you key in the domain that you want right here and after that click search now i desire just wish to discuss that they do have particular rate points for how many characters remain in the domain name that you want 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 last name 2 400 uh i believe i’ll pass but anyways let me go ahead and simply include this to haul for demonstration functions we’ll go to the carts which’s it okay and

then you click here checkout which’s it and so you can pay with a credit 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 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 however payment gateway you want to use okay and that’s it therefore as soon as 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 website dot crypto which’s it how to declare your crypto domain address now the reason that you ‘d wish to go through the process and in fact declare uh your domain addresses due to the fact that one then you really own it then two you can do whatever you want with it if you want to go offer it on some type of like nft marketplace you can proceed and do that alright so much 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 till 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 resembles a hot wallet i guess you know this is you you haven’t declared it yet so it’s an iou that you own this therefore i just want to briefly reference at the time of this video that there are a few methods to declare your domain the first method is that you need to purchase a claim with credits charge so that costs uh at this time 40 per domain and so that’s pays for the gas charges you’re like what are gas costs look this the ethereum network you really have to pay uh to move things on and off via gas costs second is you can pay the gas charges directly 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 simply wait till august so then they’ll have a scaling option that makes it easy to claim however anyways to get started is very simple so we go here say if i wish to declare this one make a website.crypto we’ll claim with ethereum right there claim process started so now we need 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 okay fantastic now you’re like whoa what do i do select 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 suggest 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 simply going to utilize metamask so to start with metamask is easy meta mask there we go fine so we click here then we wish to download it now click that install metamask for chrome all right and let’s go ahead and add to chrome add extension and there we go okay so now the metamask app is set up on our internet 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 finish with your cryptocurrency Namecoin Scam