How Namecoin Works 2022

describe subjects of the cryptocurrency world…How Namecoin Works. using examples stories and examples so that you can quickly understand them in this video we are going to be describing what unstoppable domains is how they might be better than ens and what that implies for individuals getting into the complex crypto space before we in fact get to understanding the power of unstoppable domains the first thing we’ll need to do is comprehend dns here at whiteboard crypto we love utilizing examples so that’s precisely what we’re going to be using to assist you comprehend dns so dns means domain name service which is an elegant way of stating that it is a helpful service which allows us human beings to type in human legible addresses into the search bar and after that it will immediately turn them into machine legible addresses so the majority of you are most likely knowledgeable about ip addresses and those are precisely how a computer at one end of the web knows how to talk specifically to another computer system elsewhere and not simply yell it into the void that is the web when you type in google.com and you struck enter your computer 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 looking for them and after that gets a plan back to send to you now the bundle is then unpacked by your computer to reveal you the whole of the google.com web page utilizing complex math and software all of this

interaction happens behind the scenes however to you it’s simple 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 since it makes good sense to us so that’s essentially 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 essentially the exact same thing that i simply mentioned other than it’s for ethereum ens means ethereum name service and practically lets me tell you that whiteboardcrypto.eth is my wallet address so you can simply 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 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 truly hard at work producing however anyways if you’re not used to understanding crypto the alternative to sharing whiteboard crypto.eth with someone is i ‘d have to share

Current domain register to release domain name 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 you can move it to any place you desire whatever wallet you desire with ease fine so now let’s jump into my laptop computer and get into the tutorial area of the video where i wish to reveal you unstoppable domain names how to get a domain name how to set up a particular wallet so you can connect the domain name that you bought to your wallet and so on so you can really understand how to effectively use unstoppable domain so let’s get going welcome to my laptop computer let’s start so this is unstoppable domains.com now to get going with this website is extremely easy you simply come here and after that you type in the domain name that you desire right here and then click on search now i desire simply wish to mention that they do have specific cost points for how many characters are in the domain that you want 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 surname 2 400 uh i believe i’ll pass but anyways let me proceed and simply add this to haul for presentation purposes we’ll go to the carts and that’s it okay and

then you click on here checkout which’s it therefore you can pay with a charge card paypal crypto or you can pay with the crypto.com app and i really like i like that it’s versatile i like it’s that it’s not one of those strange crypto websites 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 gateway you want to utilize fine and that’s it and so when you’re all set then you’ll have your my domain name list in your account therefore we have right down there so i own my name dot crypto and make a site dot crypto which’s it how to declare your crypto domain address now the reason why you ‘d want to go through the process and really declare uh your domain addresses since one then you in fact own it then 2 you can do whatever you desire with it if you wish to go sell it on some type of like nft market you can go ahead and do that alright so similar to when you buy 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 really 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 haven’t declared it yet so it’s an iou that you own this and so i just wish to briefly mention at the time of this video that there are a few methods to declare your domain the very first method is that you have to acquire a claim with credits charge so that costs uh at this time 40 per domain and so that’s pays for the gas costs you resemble what are gas fees look this the ethereum network you in fact need to pay uh to move things on and off through gas fees second is you can pay the gas costs 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 until august so then they’ll have a scaling option that makes it simple to claim however anyways to get started is extremely basic so we go here state if i wish to declare this one make a website.crypto we’ll claim with ethereum right there claim procedure began so now we have to send out the code by e-mail so click that therefore right over here we’ll jump over here and await 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 best click copy paste there we go boom put that in okay great now you’re like whoa what do i do pick 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 couple of different 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 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 begin with metamask is easy meta mask there we go okay so we click here then we wish to download it now click on that install metamask for chrome alright and let’s proceed 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 begin we are brand-new to metamask so here is where you need to establish a wallet a wallet is what you make with your cryptocurrency How Namecoin Works