How Does Crypto Domain Work 2022

discuss topics of the cryptocurrency world…How Does Crypto Domain Work. using analogies stories and examples so that you can easily comprehend 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 suggests for people entering into the complicated crypto space prior to we in fact get to comprehending the power of unstoppable domains the first thing we’ll need to do is comprehend dns here at white boards crypto we like utilizing examples so that’s precisely what we’re going to be using to help you comprehend dns so dns stands for domain service which is a fancy method of saying that it is a helpful service which allows us humans to type in human legible addresses into the search bar and after that it will immediately turn them into maker understandable addresses so most of you are probably knowledgeable about ip addresses and those are exactly how a computer at one end of the internet knows how to talk particularly to another computer system elsewhere and not simply yell it into the void that is the web when you key in google.com and you struck enter your computer sends out a message to your internet service provider saying yo where’s google the internet service provider learns and goes to where google is tells them that you are looking for them and after that gets a plan back to send out to you now the plan is then unpacked by your computer system to show you the entirety 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 easy and user friendly in fact if we needed to key in 8.8.8.8 into the url bar instead of google.com a lot more people would be puzzled 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 humans to speak machine code next up let’s see how this works for crypto ens is essentially the exact same thing that i just discussed except it’s for ethereum ens means ethereum name service and pretty much lets me inform 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 don’t have 20 and you want to support the channel do not hesitate to leave a like listed below it’s complimentary and it rewards all our hard work on this video and the past hundred that we have actually been actually hard at work developing however anyways if you’re not utilized to understanding crypto the option to sharing whiteboard crypto.eth with somebody is i ‘d have to share

Present domain name register to launch domain or in order to move it over to this other domain register etc 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 desire with ease fine so now let’s delve into my laptop computer and enter into the tutorial area of the video where i want to show you unstoppable domain how to get a domain name how to set up a specific wallet so you can attach the domain name that you bought to your wallet and so on so you can truly comprehend how to properly use unstoppable domain names so let’s get going welcome to my laptop let’s begin so this is unstoppable domains.com now to get going with this site is very simple you simply come here and after that you key in the domain that you desire right here and after that click on search now i want just wish to point out that they do have specific price points for how many characters remain in the domain that you wish to get so something over 8 characters will be 40 the smaller sized the domain the more pricey it’s going to be so for instance if i was come here and i type in my last name 2 400 uh i think i’ll pass however anyways let me proceed and just add this to cart for presentation purposes we’ll go to the carts and that’s it fine and

then you click on here checkout which’s it therefore 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 flexible i like it’s that it’s not one of those strange crypto sites 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 gateway you wish to utilize all right 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 which’s it how to claim your crypto domain address now the reason why you ‘d wish to go through the process and really claim uh your domain addresses because one then you in fact own it then two you can do whatever you want with it if you want to go sell it on some type of like nft marketplace you can proceed and do that alright so just like when you purchase any kind of cryptocurrency from an exchange like uh coinbase for example what it is is just an iou it’s an iou up until you in fact 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 guess you know this is you you have not claimed it yet so it’s an iou that you own this and so i just wish to briefly reference at the time of this video that there are a few methods to declare your domain name the first method is that you need 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 fees you resemble what are gas costs look this the ethereum network you actually have to pay uh to move things on and off through gas charges number two is you can pay the gas charges straight 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 service that makes it simple to claim however anyways to start is extremely easy so we go here state if i wish to claim this one make a website.crypto we’ll claim with ethereum right there declare process began 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 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 simply highlight that ideal click copy paste there we go boom put that in alright excellent now you resemble 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 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 begin with metamask is simple meta mask there we go all right 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 all right so now the metamask app is set up on our web browser so we simply click get going we are brand-new to metamask so here is where you have to establish a wallet a wallet is what you do with your cryptocurrency How Does Crypto Domain Work