Namecoin Exchange 2022

discuss subjects of the cryptocurrency world…Namecoin Exchange. using examples 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 better than ens and what that suggests for people entering 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 like using examples so that’s exactly what we’re going to be using to assist you comprehend dns so dns stands for domain service which is a fancy way of saying that it is an useful service which allows us humans to key in human readable addresses into the search bar and then it will automatically turn them into maker legible 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 web knows how to talk particularly to another computer somewhere else and not simply yell it into the abyss that is the web when you type in 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 trying to find them and after that gets a bundle back to send out to you now the plan is then unpacked by your computer system to show you the totality of the google.com web page utilizing complicated mathematics and software all of this

communication occurs behind the scenes however to you it’s easy and easy to use in fact if we needed to enter 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 webs due to the fact that it makes 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 basically the very same thing that i simply pointed out other than it’s for ethereum ens represents ethereum name service and basically lets me inform 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 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 really hard at work producing however anyways if you’re not utilized to comprehending crypto the option to sharing white boards crypto.eth with someone is i ‘d need to share

Existing domain name register to launch 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 move it to anywhere you desire whatever wallet you want with ease fine so now let’s delve into my laptop computer and enter into the tutorial section of the video where i want to show you unstoppable domain names 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 actually understand how to correctly use unstoppable domain so let’s get going welcome to my laptop computer let’s begin so this is unstoppable domains.com now to get going with this website is really simple you simply come here and then you enter the domain that you desire right here and then click search now i want simply wish to mention that they do have specific price points for how many 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 example if i was come here and i type in my last name 2 400 uh i believe i’ll pass but anyways let me proceed and just add this to cart for demonstration purposes we’ll go to the carts and that’s it all right and

then you click on here checkout and that’s it therefore you can pay with a credit card paypal crypto or you can pay with the crypto.com app and i really like i like that it’s flexible i like it’s that it’s not one of those odd crypto websites where you have to pay in cryptocurrency or you need to purchase unstoppable coin then exchange it or whatever no you can pay with nevertheless payment entrance you want to utilize okay and that’s it therefore 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 site dot crypto which’s it how to claim your crypto domain address now the reason why you ‘d want to go through the process and in fact claim uh your domain addresses due to the fact that one then you really own it then two you can do whatever you want with it if you want to go sell it on some kind of like nft market you can go ahead and do that fine so just like when you buy any type of cryptocurrency from an exchange like uh coinbase for example what it is is simply 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 resembles 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 just wish to briefly mention at the time of this video that there are a few methods to declare your domain the very first way is that you have to acquire a claim with credits fee so that expenses uh at this time 40 per domain name and so that’s pays for the gas charges you resemble what are gas charges look this the ethereum network you actually need to pay uh to move things on and off through gas costs 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 up until august so then they’ll have a scaling service that makes it easy to claim but anyways to begin is extremely easy so we go here say if i wish to claim this one make a website.crypto we’ll declare with ethereum right there claim procedure started 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 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 all right 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 various wallets that they advise 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 simply going to use metamask so to get going with metamask is easy meta mask there we go alright so we click on this link then we wish to download it now click that set up metamask for chrome fine and let’s proceed and contribute to chrome add extension and there we go alright so now the metamask app is installed on our internet browser so we simply click 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 Namecoin Exchange