What Algorithm Is Namecoin 2022

explain subjects of the cryptocurrency world…What Algorithm Is Namecoin. 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 prior to we really get to comprehending the power of unstoppable domains the first thing we’ll need to do is understand dns here at whiteboard crypto we love using examples so that’s precisely what we’re going to be utilizing to assist you comprehend dns so dns stands for domain name service which is a fancy method of stating that it is a practical service which permits us human beings to enter human readable addresses into the search bar and then it will automatically turn them into maker readable addresses so the majority of you are probably acquainted with ip addresses and those are exactly how a computer system at one end of the internet understands how to talk specifically to another computer somewhere else and not simply scream it into the abyss that is the web when you key 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 discovers and goes to where google is tells them that you are searching for them and then grabs a package back to send to you now the package is then unpacked by your computer system to show you the entirety of the google.com home page using complicated math and software all of this

interaction occurs behind the scenes but to you it’s easy and user friendly in fact if we had 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 nets because it makes sense to us so that’s basically what a dns is a translator for humans to speak machine code next up let’s see how this works for crypto ens is basically the same thing that i just mentioned 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 want by the way if you do not 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’ve been actually hard at work developing but anyways if you’re not utilized to comprehending crypto the option to sharing white boards crypto.eth with someone is i ‘d have to share

Present domain register to release domain 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 move it to any place you want whatever wallet you desire with ease alright so now let’s jump into my laptop and enter into the guide area of the video where i want to show you unstoppable domain names how to get a domain name how to establish a specific wallet so you can attach the domain that you purchased to your wallet and so on so you can truly comprehend how to effectively use unstoppable domain names so let’s get started welcome to my laptop computer let’s start so this is unstoppable domains.com now to get started with this website is very basic you simply come here and after that you enter the domain name that you want right here and then click search now i desire simply wish to mention that they do have specific price 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 the domain name the more pricey it’s going to be so for instance if i was come here and i key in my last name 2 400 uh i believe i’ll pass but anyways let me go on and simply include this to haul for presentation purposes we’ll go to the carts which’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 actually like i like that it’s flexible i like it’s that it’s not one of those unusual crypto websites where you have to pay in cryptocurrency or you have to purchase 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 site 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 actually declare 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 fine 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 till 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 understand it’s like a hot wallet i think you understand this is you you haven’t 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 ways to claim your domain name the first method is that you have to purchase a claim with credits cost 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 in fact have to pay uh to move things on and off via gas fees number two is you can pay the gas charges 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 solution that makes it simple to claim but anyways to get begun is extremely basic so we go here state if i want to claim this one make a website.crypto we’ll declare with ethereum right there claim process began so now we have to send the code by email so click that and so right over here we’ll jump over here and wait for 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 ideal click copy paste there we go boom put that in all right fantastic now you’re like whoa what do i do choose 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 various wallets that they advise 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 just going to utilize metamask so to get start 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 fine and let’s go on and contribute to chrome include extension and there we go okay so now the metamask app is set up on our web browser so we just click begin we are new to metamask so here is where you need to set up a wallet a wallet is what you make with your cryptocurrency What Algorithm Is Namecoin