How Does Bitcoin Domain Work 2022

describe subjects of the cryptocurrency world…How Does Bitcoin Domain Work. utilizing examples stories and examples so that you can quickly 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 means for people entering into the complex crypto area prior to 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 precisely what we’re going to be using to assist you comprehend dns so dns means domain service which is a fancy method of saying that it is a valuable service which permits us people to type in human readable addresses into the search bar and then it will automatically turn them into maker understandable addresses so the majority of you are probably knowledgeable about ip addresses and those are exactly how a computer at one end of the internet knows how to talk particularly to another computer system elsewhere and not just shriek it into the abyss that is the web when you enter google.com and you struck enter your computer system sends 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 looking for them and after that gets a plan 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 using complex mathematics and software application all of this

interaction takes place behind the scenes but to you it’s basic and user friendly in fact if we had to enter 8.8.8.8 into the url bar instead of google.com a lot more individuals would be puzzled right we don’t speak in numbers or ip addresses we speak in dot coms dot orgs and webs since it makes 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 same thing that i just pointed out except it’s for ethereum ens represents ethereum name service and practically lets me inform you that whiteboardcrypto.eth is my wallet address so you can just 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 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 producing however anyways if you’re not used to understanding crypto the alternative to sharing whiteboard crypto.eth with somebody is i ‘d have to share

Existing domain name 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 kind of blockchain based domain you can move it to any place you want whatever wallet you want with ease alright so now let’s jump into my laptop and get into the tutorial section of the video where i wish to reveal you unstoppable domain how to get a domain name how to establish a specific wallet so you can attach the domain name that you bought to your wallet and so on so you can really understand how to correctly utilize unstoppable domain so let’s get started welcome to my laptop computer let’s begin so this is unstoppable domains.com now to get going with this website is really easy you simply come here and then you key in the domain that you desire right here and after that click search now i desire just want to discuss that they do have specific cost points for the number of characters remain in the domain name that you wish 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 example if i was come here and i type in my last name 2 400 uh i think i’ll pass but anyways let me proceed and just include this to haul for presentation functions we’ll go to the carts which’s it fine 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 unusual crypto websites where you have to pay in cryptocurrency or you have to buy unstoppable coin then exchange it or whatever no you can pay with nevertheless 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 declare your crypto domain address now the factor why you ‘d want to go through the process and actually claim uh your domain addresses since one then you actually own it then 2 you can do whatever you want with it if you want to go sell it on some type of like nft market you can go ahead and do that alright so simply 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 really move the cryptocurrency from coinbase to your own wallet this is the same so this is on there this is you know it’s like 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 and so i simply want to briefly mention at the time of this video that there are a couple of methods to declare your domain name the very first method is that you have to purchase a claim with credits charge so that expenses uh at this time 40 per domain name and so that’s pays for the gas charges you’re like what are gas costs look this the ethereum network you actually have to pay uh to move things on and off by means of gas costs number two is you can pay the gas charges directly from your own wallet so if you currently have a wallet set up and you have ethereum in there you can pay with your own ethereum or you can simply wait till august so then they’ll have a scaling option that makes it easy to claim but anyways to get started is extremely easy so we go here say if i want to claim this one make a website.crypto we’ll claim with ethereum right there claim process 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 for 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 best click copy paste there we go boom put that in all right terrific now you’re like 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 advise 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 start with metamask is simple meta mask there we go alright so we click here 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 installed on our internet browser so we simply click start we are brand-new to metamask so here is where you need to set up a wallet a wallet is what you make with your cryptocurrency How Does Bitcoin Domain Work