Domain Escrow Bitcoin 2022

explain subjects of the cryptocurrency world…Domain Escrow Bitcoin. 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 suggests for people entering into the complex crypto area before we really get to understanding the power of unstoppable domains the first thing we’ll require to do is comprehend dns here at white boards crypto we enjoy using examples so that’s precisely what we’re going to be utilizing to help you comprehend dns so dns means domain name service which is an expensive way of saying that it is a handy service which enables us human beings to key in human understandable addresses into the search bar and then it will immediately turn them into device legible addresses so the majority of you are probably familiar with ip addresses and those are exactly how a computer at one end of the internet knows how to talk specifically to another computer somewhere else and not simply scream it into the void that is the web when you type in google.com and you struck 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 looking for them and then grabs a plan 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 utilizing complicated mathematics and software application all of this

interaction occurs behind the scenes however to you it’s basic and easy to use in fact if we had to key 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 since it makes 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 same thing that i just mentioned except 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 just type that in and pay me 20 if you desire by the way if you do not have 20 and you wish to support the channel do not hesitate to leave a like listed below it’s totally free and it rewards all our hard work on this video and the past hundred that we have actually been really hard at work creating however anyways if you’re not utilized to understanding crypto the option to sharing whiteboard crypto.eth with someone is i ‘d have to share

Existing domain register to release domain or in order to move it over to this other domain register and so on 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 tutorial area of the video where i wish to show you unstoppable domain names how to get a domain how to establish a particular wallet so you can attach the domain that you bought to your wallet etc so you can actually understand how to appropriately utilize unstoppable domain so let’s begin welcome to my laptop let’s begin so this is unstoppable domains.com now to start with this site is very easy you simply come here and then you type in the domain name that you want right here and then click on search now i desire simply wish to point out that they do have particular cost points for how many characters remain in the domain name that you wish to get so something over 8 characters will be 40 the smaller sized the domain the more costly 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 simply include this to haul for demonstration purposes we’ll go to the carts which’s it all right 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 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 however payment entrance you desire to use okay and that’s it and so as soon as 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 claim your crypto domain address now the factor why you ‘d desire to go through the procedure and in fact claim uh your domain addresses since one then you really own it then 2 you can do whatever you desire with it if you desire to go offer it on some type of like nft marketplace you can go ahead and do that okay so just like when you purchase any type 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 understand it’s like a hot wallet i think you understand this is you you have not claimed it yet so it’s an iou that you own this and so i simply desire to briefly reference at the time of this video that there are a few ways to claim your domain name the very first method is that you have to acquire a claim with credits cost so that expenses uh at this time 40 per domain name and so that’s pays for the gas charges you’re like what are gas charges look this the ethereum network you actually 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 already have a wallet set up and you have ethereum in there you can pay with your own ethereum or you can just wait until august so then they’ll have a scaling option that makes it easy to claim however anyways to get started is very easy so we go here state if i desire to claim this one make a website.crypto we’ll claim with ethereum right there declare process 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 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 simply highlight that ideal click copy paste there we go boom put that in all right excellent 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 particularly for ethereum now there are a couple of 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 just going to use metamask so to start with metamask is simple meta mask there we go fine so we click on this link then we wish to download it now click on that set up metamask for chrome okay and let’s go on and add to chrome add extension and there we go fine so now the metamask app is installed on our browser so we just 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 finish with your cryptocurrency Domain Escrow Bitcoin