Tokenization Domain Names Crypto 2022

explain subjects of the cryptocurrency world…Tokenization Domain Names Crypto. 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 implies for people getting into the complicated crypto space prior to we actually get to comprehending the power of unstoppable domains the first thing we’ll need to do is comprehend dns here at whiteboard crypto we like utilizing examples so that’s exactly what we’re going to be using to assist you understand dns so dns represents domain service which is an elegant way of saying that it is a valuable service which permits us human beings to key in human understandable addresses into the search bar and after that it will immediately turn them into machine understandable addresses so the majority of you are most likely familiar with ip addresses and those are exactly how a computer system at one end of the web knows how to talk specifically to another computer system elsewhere and not just scream it into the void 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 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 out to you now the bundle is then unpacked by your computer system to show you the whole of the google.com home page utilizing complex math and software all of this

interaction occurs behind the scenes however to you it’s simple and easy to use in fact if we needed to type in 8.8.8.8 into the url bar instead of google.com a lot more individuals would be puzzled right we don’t speak in numbers or ip addresses we speak in dot coms dot orgs and internet since 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 essentially the very same thing that i just pointed out other than it’s for ethereum ens stands for 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 want to support the channel do not hesitate to leave a like below it’s free and it rewards all our hard work on this video and the past hundred that we have actually been really hard at work producing but anyways if you’re not utilized to comprehending crypto the alternative to sharing white boards crypto.eth with somebody is i ‘d have to share

Present domain 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 name you can transfer it to any place you desire whatever wallet you desire with ease okay so now let’s jump into my laptop computer and enter into the guide section of the video where i wish to show you unstoppable domain how to get a domain name how to establish a specific wallet so you can connect the domain that you purchased to your wallet and so on so you can truly understand how to properly utilize unstoppable domain names so let’s start welcome to my laptop computer let’s start so this is unstoppable domains.com now to start with this website is very easy you just come here and after that you key in the domain name that you desire right here and then click on search now i desire simply wish to discuss 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 the domain the more costly 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 on and simply include this to haul for demonstration functions we’ll go to the carts which’s it okay and

then 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 weird crypto websites where you have to pay in cryptocurrency or you need to buy unstoppable coin then exchange it or whatever no you can pay with nevertheless payment gateway you want to use alright which’s it and so when you’re all set then you’ll have your my domain list in your account and so we have right down there so i own my name dot crypto and make a site dot crypto and that’s it how to declare your crypto domain address now the reason you ‘d want to go through the procedure and in fact claim uh your domain addresses due to the fact that one then you in fact own it then two you can do whatever you want with it if you wish to go sell it on some kind of like nft marketplace you can go ahead and do that fine so just like when you purchase any type of cryptocurrency from an exchange like uh coinbase for instance what it is is just an iou it’s an iou till you actually 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 think you know this is you you haven’t claimed it yet so it’s an iou that you own this and so i simply wish to briefly mention at the time of this video that there are a few ways to declare your domain name the first way is that you need to acquire a claim with credits fee so that costs uh at this time 40 per domain therefore that’s spends for the gas fees you resemble what are gas fees look this the ethereum network you actually have to pay uh to move things on and off by means of gas fees number two is you can pay the gas charges straight from your own wallet so if you already 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 solution that makes it simple to claim however anyways to begin is really basic so we go here state if i wish to declare this one make a website.crypto we’ll claim with ethereum right there declare process began so now we need to send the code by email so click that therefore right over here we’ll jump over here and wait on 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 just highlight that right click copy paste there we go boom put that in all right great now you resemble 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 specifically for ethereum now there are a few various 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 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 get going with metamask is easy meta mask there we go fine so we click on this link then we want to download it now click on that set up metamask for chrome fine and let’s go ahead and add to chrome add extension and there we go alright so now the metamask app is set up on our web browser so we just click on get started 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 Tokenization Domain Names Crypto