How Crypto Domain Works 2022

discuss topics of the cryptocurrency world…How Crypto Domain Works. utilizing 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 suggests for individuals entering 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 understand dns here at white boards crypto we love using examples so that’s exactly what we’re going to be utilizing to assist you comprehend dns so dns stands for domain name service which is an elegant method of stating that it is a helpful service which allows us human beings to key in human legible addresses into the search bar and then it will automatically turn them into maker legible addresses so the majority of you are probably familiar with ip addresses and those are precisely how a computer system at one end of the web understands how to talk specifically to another computer system somewhere else and not just yell 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 stating yo where’s google the internet service provider learns and goes to where google is tells them that you are looking for them and after that gets a package back to send to you now the bundle is then unpacked by your computer system to reveal you the whole of the google.com home page using complicated mathematics and software application all of this

communication happens behind the scenes however to you it’s simple and user friendly in fact if we had to key in 8.8.8.8 into the url bar instead of google.com a lot more people would be confused 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 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 very same thing that i simply pointed out except it’s for ethereum ens means ethereum name service and pretty much lets me tell 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 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 used to comprehending crypto the option to sharing whiteboard crypto.eth with somebody is i ‘d have to share

Present domain name register to launch domain or in order to move it over to this other domain register etc uh when you have a dot crypto dot zill any type of blockchain based domain you can transfer it to any place you want whatever wallet you want with ease alright so now let’s delve into my laptop computer and enter the tutorial area of the video where i wish to reveal you unstoppable domain names how to get a domain name how to establish a particular wallet so you can attach the domain name that you purchased to your wallet and so on so you can actually comprehend how to appropriately use unstoppable domain so let’s start welcome to my laptop computer let’s begin so this is unstoppable domains.com now to start with this site is extremely easy you simply come here and after that you type in the domain name that you want right here and then click search now i want just want to point out that they do have particular rate 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 the domain name the more expensive it’s going to be so for instance if i was come here and i key in my last name 2 400 uh i think i’ll pass however anyways let me go ahead and just include 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 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 unusual 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 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 claim your crypto domain address now the reason that you ‘d want to go through the process and in fact claim uh your domain addresses because one then you actually own it then two you can do whatever you desire with it if you wish to go sell it on some kind of like nft market you can go ahead and do that all right so just like when you purchase any kind 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’s like a hot wallet i guess you know this is you you have not claimed it yet so it’s an iou that you own this and so i simply wish to briefly reference at the time of this video that there are a few ways to claim your domain the first way is that you need to buy a claim with credits cost so that expenses uh at this time 40 per domain therefore that’s pays for the gas fees you’re like what are gas fees look this the ethereum network you in fact need to pay uh to move things on and off through gas charges 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 until august so then they’ll have a scaling solution that makes it easy to claim however anyways to start is extremely simple so we go here say if i want to declare this one make a website.crypto we’ll claim with ethereum right there claim procedure started so now we have to send the code by e-mail so click that and so 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 just highlight that ideal click copy paste there we go boom put that in okay fantastic 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 particularly for ethereum now there are a few different wallets that they recommend 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 just going to use metamask so to begin with metamask is simple meta mask there we go all right so we click on this link then we wish to download it now click on that set up metamask for chrome okay and let’s go ahead and add to chrome add extension and there we go all right so now the metamask app is installed on our internet browser so we just click get started we are new to metamask so here is where you have to set up a wallet a wallet is what you make with your cryptocurrency How Crypto Domain Works