explain subjects of the cryptocurrency world…Does Namecoin Work?. using analogies stories and examples so that you can easily 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 suggests for people entering into the complex crypto area before we actually 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 utilizing examples so that’s precisely what we’re going to be utilizing to assist you comprehend dns so dns represents domain service which is an expensive method of stating that it is a helpful service which enables us humans to type in human understandable addresses into the search bar and then it will automatically turn them into maker readable addresses so most 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 specifically to another computer elsewhere and not just shout it into the abyss that is the web when you key in google.com and you struck enter your computer sends out a message to your internet service provider saying yo where’s google the internet service provider finds out and goes to where google is tells them that you are searching for them and then gets a package back to send out to you now the package is then unpacked by your computer to reveal you the totality of the google.com web page using complicated mathematics and software all of this
interaction happens behind the scenes but to you it’s basic and user friendly in fact if we had to key in 188.8.131.52 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 webs due to the fact that it makes good sense to us so that’s basically 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 same thing that i just pointed out other than it’s for ethereum ens means ethereum name service and basically lets me inform you that whiteboardcrypto.eth is my wallet address so you can merely 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 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 have actually been actually hard at work developing but anyways if you’re not used to comprehending crypto the option to sharing whiteboard crypto.eth with someone is i ‘d need to share
Existing domain register to release 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 you can move it to anywhere you desire whatever wallet you want with ease okay so now let’s jump into my laptop and enter into the guide area of the video where i wish to reveal you unstoppable domain how to get a domain name how to establish a particular 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 names so let’s start 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 key in the domain that you desire right here and after that click search now i want simply want 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 example if i was come here and i enter my last name 2 400 uh i believe i’ll pass however anyways let me go ahead and simply include this to cart for presentation purposes we’ll go to the carts and that’s it fine and
then you click here checkout which’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 weird crypto sites where you have to pay in cryptocurrency or you need to purchase unstoppable coin then exchange it or whatever no you can pay with however payment gateway you want to utilize alright 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 website dot crypto which’s it how to claim your crypto domain address now the reason that you ‘d wish to go through the process and actually declare uh your domain addresses due to the fact that one then you actually own it then 2 you can do whatever you want with it if you wish to go sell it on some type of like nft market you can proceed and do that fine so just like when you purchase any kind of cryptocurrency from an exchange like uh coinbase for instance what it is is simply an iou it’s an iou until you actually move the cryptocurrency from coinbase to your own wallet this is the same so this is on there this is you know it resembles a hot wallet i guess you understand this is you you have not claimed it yet so it’s an iou that you own this therefore i simply want to briefly mention at the time of this video that there are a couple of ways to claim your domain the first way is that you have to purchase a claim with credits cost so that costs uh at this time 40 per domain and so that’s pays for the gas fees you resemble what are gas charges look this the ethereum network you in fact need to pay uh to move things on and off by means of gas charges second is you can pay the gas fees 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 simple to claim but anyways to begin is really easy so we go here say if i wish to claim this one make a website.crypto we’ll claim with ethereum right there declare process started so now we need to send the code by email so click that and so right over here we’ll jump 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 just highlight that ideal click copy paste there we go boom put that in fine terrific 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 specifically for ethereum now there are a few different 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 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 begin with metamask is easy meta mask there we go fine so we click here then we want to download it now click on that set up metamask for chrome all right and let’s go on and add to chrome add extension and there we go all right so now the metamask app is installed on our web browser so we just 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 Does Namecoin Work?