Reddit Namecoin 2022

explain subjects of the cryptocurrency world…Reddit Namecoin. utilizing analogies stories and examples so that you can easily understand them in this video we are going to be discussing what unstoppable domains is how they might be much better than ens and what that implies for individuals getting 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 exactly what we’re going to be utilizing to help you understand dns so dns stands for domain name service which is an elegant method of stating that it is a practical service which enables us human beings to enter human legible 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 precisely how a computer system at one end of the internet knows how to talk particularly to another computer system elsewhere and not simply shout it into the void that is the web when you enter google.com and you struck enter your computer sends a message to your internet service provider saying 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 gets a bundle back to send out to you now the package is then unpacked by your computer to show you the totality of the google.com web page utilizing complex math and software application all of this

interaction occurs behind the scenes but to you it’s basic and easy to use 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 do not speak in numbers or ip addresses we speak in dot coms dot orgs and internet due to the fact that 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 practically lets me tell 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 want to support the channel feel free to leave a like listed below it’s totally free and it rewards all our effort on this video and the past hundred that we have actually been truly hard at work developing however anyways if you’re not used to understanding crypto the option to sharing whiteboard crypto.eth with someone is i ‘d need to share

Present domain register to release domain name 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 type of blockchain based domain you can transfer it to wherever you want whatever wallet you want with ease alright so now let’s jump into my laptop computer and enter into the tutorial area of the video where i wish to show you unstoppable domain how to get a domain name how to set up a particular wallet so you can attach the domain that you purchased to your wallet etc so you can truly understand how to correctly use unstoppable domain names so let’s begin welcome to my laptop let’s start so this is unstoppable domains.com now to get started with this site is very simple you just come here and after that you type in the domain name that you desire right here and then click on search now i want simply wish to mention that they do have particular price 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 sized the domain name 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 believe i’ll pass but anyways let me go ahead and just include this to haul for presentation purposes we’ll go to the carts and that’s it fine 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 truly like i like that it’s versatile i like it’s that it’s not one of those weird crypto sites where you have to pay in cryptocurrency or you have to purchase unstoppable coin then exchange it or whatever no you can pay with however payment entrance you desire to utilize all right 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 factor why you ‘d desire to go through the process and really claim uh your domain addresses due to the fact that one then you actually own it then two you can do whatever you desire with it if you want to go offer it on some type of like nft marketplace you can go ahead and do that alright so simply 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 until you in fact move the cryptocurrency from coinbase to your own wallet this is the exact same so this is on there this is you know it’s like a hot wallet i think 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 few ways to declare your domain name the first way is that you have to buy a claim with credits cost 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 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 simple to claim however anyways to get started is really easy so we go here state if i desire to claim this one make a website.crypto we’ll declare with ethereum right there declare procedure 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 ideal click copy paste there we go boom put that in fine fantastic 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 different wallets that they recommend 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 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 all right so we click here then we want to download it now click that install metamask for chrome alright and let’s go ahead and add to chrome add extension and there we go alright so now the metamask app is installed on our internet browser so we just click on get started we are new to metamask so here is where you need to establish a wallet a wallet is what you finish with your cryptocurrency Reddit Namecoin