How Namecoin Works 2022

discuss subjects of the cryptocurrency world…How Namecoin Works. using examples stories and examples so that you can easily comprehend them in this video we are going to be describing what unstoppable domains is how they might be better than ens and what that indicates for people getting into the complicated crypto area prior to we really get to comprehending the power of unstoppable domains the first thing we’ll require to do is understand dns here at whiteboard crypto we like using examples so that’s exactly what we’re going to be using to assist you understand dns so dns stands for domain service which is a fancy way of saying that it is an useful service which enables us people to type in human understandable addresses into the search bar and then it will immediately turn them into machine readable addresses so most of you are most likely familiar with ip addresses and those are exactly how a computer at one end of the web understands how to talk specifically to another computer system somewhere else and not simply shriek it into the abyss that is the web when you key in google.com and you struck enter your computer system 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 trying to find them and after that gets a plan back to send to you now the bundle is then unpacked by your computer to show you the whole of the google.com home page utilizing complex mathematics and software application all of this

interaction occurs behind the scenes however to you it’s simple and easy to use in fact if we needed to type in 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 internet since it makes good sense to us so that’s basically what a dns is a translator for humans to speak machine code next up let’s see how this works for crypto ens is basically the very same thing that i just discussed except it’s for ethereum ens stands for ethereum name service and practically lets me tell 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 do not hesitate to leave a like listed below it’s free and it rewards all our hard work on this video and the past hundred that we have actually been truly hard at work producing but anyways if you’re not utilized to comprehending crypto the alternative to sharing white boards crypto.eth with somebody is i ‘d have to share

Current domain name register to launch domain name or in order to move it over to this other domain register etc uh when you have a dot crypto dot zill any kind of blockchain based domain you can transfer it to anywhere you desire whatever wallet you want with ease all right so now let’s delve into my laptop computer and enter into the guide section of the video where i want to show you unstoppable domain how to get a domain how to set up a particular wallet so you can connect the domain name that you purchased to your wallet and so on so you can really understand how to correctly use unstoppable domain so let’s get started welcome to my laptop let’s start so this is unstoppable domains.com now to get started with this website is really easy you simply come here and then you type in the domain name that you want right here and then click on search now i desire simply want to point out that they do have particular price 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 the more expensive it’s going to be so for instance if i was come here and i type in my surname 2 400 uh i believe i’ll pass but anyways let me proceed and simply include this to haul for presentation 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 unusual crypto sites where you have to pay in cryptocurrency or you have to buy unstoppable coin then exchange it or whatever no you can pay with however payment entrance you desire to use fine and that’s it and so when 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 why you ‘d desire to go through the process and actually claim uh your domain addresses since one then you really 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 go ahead and do that fine 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 actually 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 know this is you you have not 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 methods to claim your domain name the very first way is that you have to acquire a claim with credits cost so that expenses uh at this time 40 per domain name and so that’s pays for the gas costs you’re like what are gas fees look this the ethereum network you in fact have to pay uh to move things on and off by means of gas fees number 2 is you can pay the gas fees 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 just wait until august so then they’ll have a scaling service that makes it simple to claim however anyways to get started is really simple so we go here state if i desire to declare this one make a website.crypto we’ll claim with ethereum right there claim 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 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 simply highlight that ideal click copy paste there we go boom put that in all right terrific now you’re like whoa what do i do pick wallet for claiming 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 various 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 just going to use metamask so to start with metamask is easy meta mask there we go okay so we click on this link then we wish to download it now click on that set up metamask for chrome fine and let’s go on and contribute to chrome include extension and there we go alright so now the metamask app is set up on our internet browser so we just click begin we are brand-new to metamask so here is where you need to establish a wallet a wallet is what you do with your cryptocurrency How Namecoin Works