Domain Escrow Bitcoin 2022

explain topics of the cryptocurrency world…Domain Escrow Bitcoin. using examples 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 people entering the complex crypto area before we in fact get to understanding the power of unstoppable domains the first thing we’ll need to do is understand dns here at whiteboard crypto we love using examples so that’s exactly what we’re going to be utilizing to assist you comprehend dns so dns represents domain service which is a fancy method of stating that it is a handy service which allows us humans to enter human understandable addresses into the search bar and then it will automatically turn them into device legible addresses so most of you are probably acquainted with ip addresses and those are exactly how a computer at one end of the web knows how to talk specifically to another computer elsewhere and not just shriek it into the void that is the web when you enter google.com and you struck enter your computer sends a message to your internet service provider saying yo where’s google the internet service provider discovers and goes to where google is tells them that you are searching for them and then grabs a bundle back to send out to you now the plan is then unpacked by your computer system to reveal you the entirety of the google.com home page using complicated mathematics and software all of this

interaction occurs behind the scenes however to you it’s easy and easy to use 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 because 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 simply discussed other than it’s for ethereum ens stands for ethereum name service and pretty much 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 wish to support the channel feel free to leave a like 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 producing but anyways if you’re not used to comprehending crypto the option to sharing whiteboard crypto.eth with somebody is i ‘d need to share

Present domain name register to release domain name or in order to move it over to this other domain name register etc 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 all right 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 names how to get a domain how to set up a particular wallet so you can attach the domain that you purchased to your wallet etc so you can actually comprehend how to appropriately utilize unstoppable domain names so let’s start welcome to my laptop computer let’s start so this is unstoppable domains.com now to start with this site is really basic you just come here and then you key in the domain name that you want right here and then click search now i want simply wish to point out that they do have particular cost points for how many characters are in the domain that you want to get so something over 8 characters will be 40 the smaller the domain name the more costly it’s going to be so for example if i was come here and i enter my last name 2 400 uh i think i’ll pass but anyways let me go on and just include this to haul for demonstration purposes we’ll go to the carts and that’s it all right 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 truly like i like that it’s flexible i like it’s that it’s not one of those odd crypto websites where you need to pay in cryptocurrency or you need to buy unstoppable coin then exchange it or whatever no you can pay with however payment gateway you wish to utilize okay which’s it therefore as soon as 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 declare your crypto domain address now the reason 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 desire with it if you want to go sell it on some type of like nft marketplace you can proceed and do that alright so just 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 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 know this is you you haven’t declared it yet so it’s an iou that you own this and so i just want to briefly reference at the time of this video that there are a couple of ways to claim your domain the very first method is that you need to purchase a claim with credits fee so that expenses uh at this time 40 per domain name and so that’s spends for the gas costs you’re like what are gas charges look this the ethereum network you really need to pay uh to move things on and off through gas fees second is you can pay the gas fees directly 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 simply wait up until august so then they’ll have a scaling option that makes it simple to claim however anyways to begin is very basic so we go here say if i want to declare this one make a website.crypto we’ll declare with ethereum right there declare procedure began so now we have to send out the code by email so click that and so right over here we’ll jump over here and wait on 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 ideal click copy paste there we go boom put that in all right excellent now you resemble 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 couple of different 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 utilizing 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 start with metamask is simple meta mask there we go all right so we click here then we wish to download it now click on that set up metamask for chrome alright and let’s go on and add to chrome include extension and there we go all right so now the metamask app is set up on our 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 do with your cryptocurrency Domain Escrow Bitcoin