Who Trades Namecoins 2022

explain topics of the cryptocurrency world…Who Trades Namecoins. utilizing analogies stories and examples so that you can easily comprehend 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 means for individuals entering the complicated crypto space before we in fact get to comprehending the power of unstoppable domains the first thing we’ll require to do is understand dns here at whiteboard crypto we like using examples so that’s exactly what we’re going to be using to assist you comprehend dns so dns represents domain name service which is an elegant way of stating that it is a practical service which enables us humans to key in human legible addresses into the search bar and after that it will automatically turn them into maker understandable addresses so the majority of you are probably knowledgeable about ip addresses and those are precisely how a computer at one end of the internet knows how to talk specifically to another computer elsewhere and not just yell it into the abyss 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 finds out and goes to where google is tells them that you are searching for them and then gets a plan back to send out to you now the bundle is then unpacked by your computer to reveal you the whole of the google.com web page using complicated mathematics and software all of this

communication takes place behind the scenes but to you it’s simple and user friendly in fact if we needed to enter 8.8.8.8 into the url bar instead of google.com a lot more people would be confused right we don’t speak in numbers or ip addresses we speak in dot coms dot orgs and internet since it makes 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 very same thing that i simply pointed out other than it’s for ethereum ens represents ethereum name service and pretty much 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 do not have 20 and you want to support the channel feel free to leave a like below it’s complimentary 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 comprehending crypto the alternative to sharing white boards crypto.eth with someone is i ‘d need to share

Existing domain name register to release domain 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 name you can move it to wherever you want whatever wallet you want with ease alright so now let’s delve into my laptop and get into the guide section of the video where i wish to reveal you unstoppable domain how to get a domain how to establish a particular wallet so you can connect the domain that you bought to your wallet etc so you can actually understand how to appropriately use unstoppable domain names so let’s get going welcome to my laptop computer let’s begin so this is unstoppable domains.com now to begin with this site is extremely easy you just come here and after that you key in the domain name that you want right here and after that click on search now i desire just wish to point out that they do have particular rate points for the number of characters remain in the domain that you wish to get so something over 8 characters will be 40 the smaller 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 however anyways let me go on and just include this to cart for demonstration 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 charge card paypal crypto or you can pay with the crypto.com app and i truly like i like that it’s flexible i like it’s that it’s not one of those weird crypto sites where you need to pay in cryptocurrency or you need to buy unstoppable coin then exchange it or whatever no you can pay with however payment entrance you want to utilize all right and that’s it therefore once 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 website dot crypto and that’s it how to claim your crypto domain address now the reason that you ‘d want to go through the procedure and in fact declare uh your domain addresses since one then you really own it then 2 you can do whatever you want with it if you wish to go offer it on some kind of like nft marketplace you can proceed and do that all right so much like when you purchase any kind of cryptocurrency from an exchange like uh coinbase for example what it is is simply an iou it’s an iou until you actually move the cryptocurrency from coinbase to your own wallet this is the same so this is on there this is you know it resembles a hot wallet i think you understand this is you you have not declared it yet so it’s an iou that you own this therefore i just want to briefly mention at the time of this video that there are a few methods to declare your domain name the very first way is that you have to buy a claim with credits charge so that expenses uh at this time 40 per domain therefore that’s spends for the gas fees you’re like what are gas fees look this the ethereum network you really need to pay uh to move things on and off via gas costs second is you can pay the gas fees directly from your own wallet so if you already have a wallet established 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 but anyways to get going is very basic so we go here say if i want to claim this one make a website.crypto we’ll claim with ethereum right there claim procedure began so now we need to send the code by e-mail so click that therefore right over here we’ll leap over here and await 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 best click copy paste there we go boom put that in fine terrific now you’re like whoa what do i do select 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 couple of different wallets that they suggest 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 just going to use metamask so to get start with metamask is simple meta mask there we go alright so we click on this link then we want to download it now click on that set up metamask for chrome all right and let’s go ahead and contribute to chrome include extension and there we go fine so now the metamask app is set up on our internet browser so we just click on start we are brand-new to metamask so here is where you have to establish a wallet a wallet is what you make with your cryptocurrency Who Trades Namecoins