Namecoin Trading Reddit 2022

explain subjects of the cryptocurrency world…Namecoin Trading Reddit. utilizing analogies stories and examples so that you can easily understand them in this video we are going to be explaining what unstoppable domains is how they might be much better than ens and what that suggests for individuals getting into the complicated crypto space prior to we actually get to comprehending the power of unstoppable domains the first thing we’ll require to do is understand dns here at white boards crypto we love using examples so that’s precisely what we’re going to be using to help you comprehend dns so dns stands for domain name service which is an elegant way of saying that it is a practical service which enables us people to key in human understandable addresses into the search bar and after that it will immediately turn them into machine readable addresses so the majority of you are most likely familiar with ip addresses and those are precisely how a computer system at one end of the web understands how to talk particularly to another computer system somewhere else and not simply shriek it into the abyss that is the web when you type in google.com and you hit enter your computer system sends out a message to your internet service provider stating yo where’s google the internet service provider learns 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 plan is then unpacked by your computer to show you the totality of the google.com home page utilizing complex mathematics and software all of this

communication takes place behind the scenes however to you it’s basic and user friendly in fact if we needed to type in 8.8.8.8 into the url bar instead of google.com a lot more people would be puzzled right we don’t speak in numbers or ip addresses we speak in dot coms dot orgs and webs because it makes good 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 exact same thing that i just pointed out except it’s for ethereum ens represents ethereum name service and basically lets me tell 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 free 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 utilized to comprehending crypto the option to sharing whiteboard crypto.eth with somebody is i ‘d need to share

Present 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 kind of blockchain based domain name you can move it to any place you desire whatever wallet you desire with ease alright so now let’s delve into my laptop computer and enter into the guide section 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 attach the domain that you bought to your wallet etc so you can truly 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 website is extremely easy you simply come here and after that you enter the domain that you desire right here and after that click search now i desire simply want to discuss that they do have particular rate points for the number of 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 expensive it’s going to be so for instance if i was come here and i enter my surname 2 400 uh i think i’ll pass but anyways let me go ahead and simply include this to haul for demonstration purposes we’ll go to the carts which’s it alright 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 versatile i like it’s that it’s not one of those weird crypto websites 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 want to utilize okay and that’s it and so when 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 declare your crypto domain address now the reason why you ‘d desire to go through the procedure and in fact declare uh your domain addresses because one then you actually own it then 2 you can do whatever you want with it if you want 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 simply an iou it’s an iou till you really move the cryptocurrency from coinbase to your own wallet this is the exact 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 reference at the time of this video that there are a couple of methods to declare your domain name the very first way is that you have to acquire a claim with credits charge so that expenses 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 really have to pay uh to move things on and off by means of gas charges number two 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 just wait till august so then they’ll have a scaling option that makes it easy to claim but anyways to get begun is extremely basic so we go here state if i desire to declare this one make a website.crypto we’ll declare with ethereum right there declare process started so now we have to send out the code by e-mail so click that and so right over here we’ll leap 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 right click copy paste there we go boom put that in all right fantastic 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 specifically for ethereum now there are a few different wallets that they suggest 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 get going with metamask is simple meta mask there we go fine so we click here then we wish to download it now click on that set up metamask for chrome okay and let’s go ahead and contribute to chrome add extension and there we go alright so now the metamask app is installed on our web browser so we just click start we are new to metamask so here is where you have to set up a wallet a wallet is what you finish with your cryptocurrency Namecoin Trading Reddit