Is Domain Flipping Worth It 2022

describe subjects of the cryptocurrency world…Is Domain Flipping Worth It. 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 before we in fact get to understanding the power of unstoppable domains the first thing we’ll require to do is comprehend dns here at whiteboard crypto we love using examples so that’s exactly what we’re going to be utilizing to help you understand dns so dns represents domain name service which is an expensive method of saying that it is a practical service which permits us human beings to key in human understandable addresses into the search bar and after that it will automatically turn them into maker legible addresses so the majority of you are most likely familiar with ip addresses and those are exactly how a computer system at one end of the internet understands how to talk particularly to another computer elsewhere and not simply shriek it into the abyss that is the web when you enter google.com and you struck enter your computer 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 after that grabs a bundle back to send out to you now the bundle is then unpacked by your computer system to reveal you the entirety of the google.com web page utilizing complicated math and software all of this

communication occurs behind the scenes but to you it’s simple and user friendly in fact if we had to type 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 webs 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 very same thing that i simply pointed out except 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 just 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 do not hesitate to leave a like listed below it’s free and it rewards all our hard work on this video and the past hundred that we have actually been actually hard at work creating however anyways if you’re not used to understanding crypto the alternative to sharing white boards crypto.eth with someone is i ‘d have to share

Present domain name register to release domain name or in order to move it over to this other domain register etc uh when you have a dot crypto dot zill any kind of blockchain based domain you can move it to wherever you want whatever wallet you desire with ease alright so now let’s jump into my laptop computer and enter into the guide section of the video where i want to show you unstoppable domain how to get a domain name how to establish a specific wallet so you can connect the domain that you bought to your wallet and so on so you can really comprehend how to correctly utilize unstoppable domain so let’s get going welcome to my laptop let’s begin so this is unstoppable domains.com now to start with this website is very basic you just come here and then you key in the domain name that you desire right here and after that click search now i want just wish to point out that they do have particular price points for how many characters remain in the domain that you want to get so something over 8 characters will be 40 the smaller sized the domain name 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 believe i’ll pass but anyways let me go on and just include this to cart for demonstration purposes we’ll go to the carts and that’s it okay and

then you click on here checkout and that’s it therefore 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 versatile i like it’s that it’s not one of those odd 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 nevertheless payment entrance you want to use okay which’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 reason you ‘d wish to go through the process and in fact claim uh your domain addresses because one then you in fact own it then two you can do whatever you desire with it if you want to go sell it on some type of like nft marketplace you can go ahead and do that okay so just like when you buy any type of cryptocurrency from an exchange like uh coinbase for instance what it is is just an iou it’s an iou till 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 resembles a hot wallet i guess you understand this is you you haven’t 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 couple of methods to claim your domain name the first way is that you need to purchase a claim with credits fee so that expenses uh at this time 40 per domain therefore that’s pays for the gas charges you resemble what are gas charges look this the ethereum network you really have to pay uh to move things on and off by means of gas fees second is you can pay the gas charges straight from your own wallet so if you currently have a wallet established and you have ethereum in there you can pay with your own ethereum or you can simply wait up until august so then they’ll have a scaling option that makes it easy to claim however anyways to get going is extremely basic so we go here say if i want to declare this one make a website.crypto we’ll claim with ethereum right there declare process began so now we need to send out the code by e-mail so click that therefore 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 okay great now you resemble 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 few 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 using desktop and i like trust wallet for mobile uh with regards to unstoppable domains so we’re simply going to use metamask so to get going with metamask is easy meta mask there we go all right so we click here then we wish to download it now click that install metamask for chrome alright and let’s go ahead and add to chrome include extension and there we go alright so now the metamask app is set up on our web browser so we simply click on begin we are new to metamask so here is where you need to set up a wallet a wallet is what you finish with your cryptocurrency Is Domain Flipping Worth It