Mining Namecoin 2022

describe topics of the cryptocurrency world…Mining Namecoin. using analogies stories and examples so that you can quickly understand 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 implies for individuals entering the complex crypto space prior to we really 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 love using 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 way of stating that it is a valuable service which allows us humans to enter human understandable addresses into the search bar and after that it will automatically turn them into maker understandable addresses so the majority of you are most likely knowledgeable about ip addresses and those are exactly how a computer system at one end of the internet knows how to talk particularly to another computer somewhere else and not just scream it into the void that is the web when you type in google.com and you hit enter your computer system sends out a message to your internet service provider stating yo where’s google the internet service provider learns and goes to where google is tells them that you are trying to find them and then grabs a plan back to send out to you now the package is then unpacked by your computer system to reveal you the entirety of the google.com home page using complex mathematics and software all of this

communication takes place behind the scenes but to you it’s simple and easy to use 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 basically the same thing that i just mentioned except it’s for ethereum ens stands for ethereum name service and practically lets me tell you that whiteboardcrypto.eth is my wallet address so you can merely 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 feel free to leave a like listed below it’s complimentary and it rewards all our effort on this video and the past hundred that we have actually been really hard at work producing however anyways if you’re not utilized to comprehending crypto the alternative to sharing white boards crypto.eth with someone is i ‘d need to share

Current domain name register to launch 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 name you can transfer it to anywhere you desire whatever wallet you desire with ease fine so now let’s delve into my laptop computer and get into the guide area of the video where i wish to show you unstoppable domain how to get a domain name how to set up a particular wallet so you can attach the domain that you bought to your wallet etc so you can actually comprehend how to effectively use unstoppable domain names so let’s start welcome to my laptop let’s begin so this is unstoppable domains.com now to begin with this site is extremely easy you simply come here and after that you key in the domain that you want right here and after that click search now i desire just wish to point out that they do have specific price points for the number of characters are in the domain name that you wish to get so something over 8 characters will be 40 the smaller sized the domain name 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 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 which’s it alright 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 truly like i like that it’s versatile i like it’s that it’s not one of those odd crypto sites where you need to pay in cryptocurrency or you have to purchase unstoppable coin then exchange it or whatever no you can pay with however payment entrance you wish to use okay which’s it therefore once you’re all set then you’ll have your my domain 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 that you ‘d want to go through the process and actually declare 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 offer it on some kind of like nft market you can go on and do that alright so much like when you purchase any kind of cryptocurrency from an exchange like uh coinbase for instance what it is is just an iou it’s an iou till 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 guess you know this is you you have not declared it yet so it’s an iou that you own this therefore i simply want to briefly reference at the time of this video that there are a couple of ways to declare your domain the first way is that you have to buy a claim with credits fee so that costs uh at this time 40 per domain name and so that’s pays for the gas costs you resemble what are gas charges look this the ethereum network you actually have to pay uh to move things on and off through gas costs second is you can pay the gas charges straight 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 simply wait till august so then they’ll have a scaling option that makes it easy to claim however anyways to start is really basic so we go here say if i want to declare this one make a website.crypto we’ll claim with ethereum right there claim process began so now we need to send the code by email so click that and so right over here we’ll leap over here and wait on 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 right click copy paste there we go boom put that in alright terrific now you resemble whoa what do i do pick 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 few 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 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 get start with metamask is easy meta mask there we go all right so we click on this link then we want to download it now click on that install metamask for chrome fine and let’s proceed and add to chrome include extension and there we go fine so now the metamask app is installed on our browser so we just click on begin we are new to metamask so here is where you have to set up a wallet a wallet is what you do with your cryptocurrency Mining Namecoin