Namecoin Ledger 2022

explain subjects of the cryptocurrency world…Namecoin Ledger. utilizing examples stories and examples so that you can quickly understand them in this video we are going to be discussing what unstoppable domains is how they might be better than ens and what that suggests for people getting into the complex crypto area prior to we actually get to comprehending the power of unstoppable domains the first thing we’ll require to do is comprehend dns here at white boards crypto we like using examples so that’s precisely what we’re going to be using to help you understand dns so dns stands for domain service which is an expensive method of stating that it is a valuable service which permits us people to key in human readable addresses into the search bar and after that it will immediately turn them into machine understandable addresses so most of you are probably acquainted with ip addresses and those are exactly how a computer at one end of the internet knows how to talk particularly to another computer elsewhere and not simply shout it into the abyss that is the web when you key in google.com and you hit enter your computer system 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 searching for them and then grabs a plan back to send out to you now the plan is then unpacked by your computer system to reveal you the whole of the google.com web page utilizing complicated math and software all of this

communication occurs behind the scenes however 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 don’t speak in numbers or ip addresses we speak in dot coms dot orgs and nets due to the fact that it makes sense to us so that’s basically what a dns is a translator for people to speak machine code next up let’s see how this works for crypto ens is essentially the very same thing that i just pointed out other than it’s for ethereum ens represents 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 wish to support the channel feel free 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’ve been actually hard at work developing however anyways if you’re not utilized to comprehending crypto the alternative to sharing whiteboard crypto.eth with somebody is i ‘d have to share

Existing domain register to launch 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 type of blockchain based domain name you can transfer it to anywhere you want whatever wallet you desire with ease okay so now let’s delve into my laptop computer and get into the tutorial section of the video where i wish to show you unstoppable domain names how to get a domain how to establish a specific wallet so you can attach the domain that you purchased to your wallet and so on so you can truly understand how to correctly utilize unstoppable domain so let’s get started welcome to my laptop computer let’s start so this is unstoppable domains.com now to begin with this site is extremely easy you just come here and then you enter the domain name that you want right here and after that click search now i want simply want to point out that they do have specific cost points for the number of characters remain in the domain that you want to get so something over 8 characters will be 40 the smaller the domain name the more pricey 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 however anyways let me go on and just add this to haul for demonstration purposes we’ll go to the carts which’s it okay and

You click on here checkout and that’s it and so you can pay with a credit card paypal crypto or you can pay with the crypto.com app and i actually like i like that it’s flexible i like it’s that it’s not one of those strange crypto websites where you have to pay in cryptocurrency or you have to purchase unstoppable coin then exchange it or whatever no you can pay with nevertheless payment gateway you want to use fine and that’s it and so once 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 factor why you ‘d want to go through the process and really claim uh your domain addresses since one then you actually own it then two you can do whatever you want with it if you want to go offer it on some type 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 up until you in fact move the cryptocurrency from coinbase to your own wallet this is the very 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 desire to briefly mention at the time of this video that there are a couple of ways to claim your domain name the very first way is that you have to purchase a claim with credits fee so that expenses uh at this time 40 per domain name and so that’s pays for the gas fees you’re like what are gas charges look this the ethereum network you in fact have to pay uh to move things on and off by means of gas costs number two 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 just wait up until august so then they’ll have a scaling option that makes it simple to claim however anyways to get started is extremely simple so we go here state if i want to claim this one make a website.crypto we’ll claim with ethereum right there declare procedure 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 wait for 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 simply highlight that right click copy paste there we go boom put that in alright excellent now you’re like whoa what do i do choose wallet for declaring 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 couple of various wallets that they suggest 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 simply going to utilize metamask so to get going with metamask is simple meta mask there we go fine so we click on this link then we wish to download it now click that install metamask for chrome all right and let’s go ahead and contribute to chrome add extension and there we go fine so now the metamask app is set up on our internet browser so we simply click on start we are brand-new to metamask so here is where you have to set up a wallet a wallet is what you make with your cryptocurrency Namecoin Ledger