Nft Domains Explained 2022

explain subjects of the cryptocurrency world…Nft Domains Explained. using analogies stories and examples so that you can quickly 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 implies for people entering into the complex crypto space before we really get to comprehending the power of unstoppable domains the first thing we’ll require to do is comprehend dns here at whiteboard crypto we like using examples so that’s precisely what we’re going to be using to assist you comprehend dns so dns represents domain service which is an expensive method of saying that it is a practical service which permits us humans to enter human readable addresses into the search bar and after that it will immediately turn them into maker readable addresses so most of you are most likely knowledgeable about ip addresses and those are precisely how a computer at one end of the web knows how to talk specifically to another computer system elsewhere and not just shriek it into the abyss that is the web when you enter google.com and you struck 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 looking for them and then gets a bundle back to send out to you now the plan is then unpacked by your computer system to show you the totality of the google.com home page utilizing complex math and software application all of this

communication takes place behind the scenes but to you it’s easy and user friendly 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 confused right we don’t speak in numbers or ip addresses we speak in dot coms dot orgs and webs since it makes sense to us so that’s essentially 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 discussed other than it’s for ethereum ens means ethereum name service and basically lets me inform you that whiteboardcrypto.eth is my wallet address so you can simply 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 below it’s complimentary and it rewards all our hard work on this video and the past hundred that we’ve been actually hard at work creating but 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

Present domain name register to launch 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 transfer it to anywhere you desire whatever wallet you want with ease okay so now let’s delve into my laptop computer and enter the guide area of the video where i wish to show you unstoppable domain how to get a domain how to set up a specific wallet so you can attach the domain that you purchased to your wallet etc so you can really comprehend how to appropriately utilize unstoppable domain names so let’s get going welcome to my laptop computer let’s start so this is unstoppable domains.com now to start with this website is extremely simple you just come here and after that you enter the domain name that you want right here and then click on search now i want simply want to discuss that they do have specific rate points for how many characters are in the domain name that you wish to get so something over 8 characters will be 40 the smaller the domain the more costly it’s going to be so for example 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 add this to cart for presentation functions we’ll go to the carts and that’s it okay and

then you click 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 entrance you wish to use all right which’s it and so once you’re all set then you’ll have your my domain name list in your account therefore we have right down there so i own my name dot crypto and make a site dot crypto and that’s it how to claim your crypto domain address now the reason you ‘d want to go through the process and really claim uh your domain addresses since one then you really own it then two you can do whatever you desire with it if you want to go offer it on some kind of like nft market you can go ahead and do that alright 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 till 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’s like a hot wallet i guess you know this is you you haven’t claimed it yet so it’s an iou that you own this and so i just wish to briefly reference at the time of this video that there are a couple of methods to declare your domain the first method is that you need to purchase a claim with credits cost so that expenses uh at this time 40 per domain name and so that’s spends for the gas charges you resemble what are gas fees look this the ethereum network you in fact 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 option that makes it simple to claim however anyways to start is extremely simple so we go here say if i wish to claim this one make a website.crypto we’ll declare with ethereum right there declare procedure began so now we have to send the code by email so click that and so right over here we’ll leap over here and wait on 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 terrific now you’re like whoa what do i do choose 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 various 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 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 begin with metamask is easy meta mask there we go fine so we click here then we want to download it now click that set up metamask for chrome alright and let’s proceed and contribute to chrome include extension and there we go alright so now the metamask app is installed on our internet browser so we simply click on get going we are new to metamask so here is where you have to set up a wallet a wallet is what you make with your cryptocurrency Nft Domains Explained