Namecoin Whitepaper 2022

describe subjects of the cryptocurrency world…Namecoin Whitepaper. utilizing analogies stories and examples so that you can quickly comprehend them in this video we are going to be describing what unstoppable domains is how they might be much better than ens and what that implies for individuals entering into the complicated crypto space before we actually get to comprehending the power of unstoppable domains the first thing we’ll need to do is comprehend dns here at white boards crypto we like utilizing examples so that’s precisely what we’re going to be utilizing to assist you comprehend dns so dns means domain service which is an expensive method of saying that it is a valuable service which permits us human beings to enter human legible addresses into the search bar and then it will immediately turn them into device legible addresses so most 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 specifically to another computer elsewhere and not just shriek it into the void that is the web when you type in google.com and you hit enter your computer system sends a message to your internet service provider stating yo where’s google the internet service provider discovers and goes to where google is tells them that you are trying to find them and then gets a package back to send out to you now the bundle is then unpacked by your computer to show you the entirety of the google.com web page using complex mathematics and software application all of this

interaction happens behind the scenes but to you it’s basic and easy to use in fact if we needed to enter 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 because 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 basically the same thing that i just mentioned other than it’s for ethereum ens stands for ethereum name service and pretty much lets me inform you that whiteboardcrypto.eth is my wallet address so you can just type that in and pay me 20 if you desire by the way if you don’t have 20 and you want to support the channel feel free to leave a like listed below it’s free and it rewards all our hard work on this video and the past hundred that we have actually been actually hard at work creating however anyways if you’re not used to understanding crypto the option to sharing white boards crypto.eth with somebody is i ‘d need to share

Existing domain name register to launch domain name or in order to move it over to this other domain register and so on uh when you have a dot crypto dot zill any type of blockchain based domain name you can move it to wherever you desire whatever wallet you want with ease alright so now let’s delve into my laptop computer and get into the tutorial section of the video where i want to reveal you unstoppable domain names how to get a domain name how to establish a specific wallet so you can connect the domain name that you bought to your wallet etc so you can actually understand how to effectively use unstoppable domain so let’s begin welcome to my laptop let’s begin so this is unstoppable domains.com now to start with this website is extremely simple you just come here and then you enter the domain name that you desire right here and after that click on search now i want simply want to point out that they do have specific rate points for the number of characters remain 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 key in my surname 2 400 uh i think i’ll pass but anyways let me go on and just include this to cart for demonstration purposes we’ll go to the carts and that’s it okay 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 actually like i like that it’s versatile i like it’s that it’s not one of those odd 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 gateway you want to use fine and that’s it and so once 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 want to go through the process and actually claim uh your domain addresses since one then you actually own it then 2 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 alright so simply like when you buy any type of cryptocurrency from an exchange like uh coinbase for example what it is is simply an iou it’s an iou up until you in fact move the cryptocurrency from coinbase to your own wallet this is the very same so this is on there this is you know it’s like a hot wallet i guess you know this is you you have not claimed 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 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 costs you’re like what are gas charges look this the ethereum network you really have to pay uh to move things on and off via 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 up until august so then they’ll have a scaling service that makes it easy to claim but anyways to get started is extremely easy so we go here say if i want to declare this one make a website.crypto we’ll claim with ethereum right there declare procedure started so now we have 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 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 fine fantastic now you’re like 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 utilizing 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 easy meta mask there we go alright so we click here then we wish to download it now click that set up metamask for chrome okay 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 browser so we just click get going we are new to metamask so here is where you need to set up a wallet a wallet is what you do with your cryptocurrency Namecoin Whitepaper