Kraken Namecoin 2022

discuss subjects of the cryptocurrency world…Kraken Namecoin. 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 getting into the complicated crypto space before we really get to comprehending the power of unstoppable domains the first thing we’ll need to do is understand dns here at whiteboard crypto we enjoy using examples so that’s precisely what we’re going to be using to assist you comprehend dns so dns represents domain service which is a fancy way of saying that it is a valuable service which enables us humans to type in human readable addresses into the search bar and then it will instantly turn them into device understandable addresses so the majority of you are probably acquainted with ip addresses and those are precisely how a computer system at one end of the internet understands how to talk specifically to another computer system somewhere else and not just shriek it into the void that is the web when you enter google.com and you hit enter your computer system sends out a message to your internet service provider stating yo where’s google the internet service provider discovers and goes to where google is tells them that you are searching for them and after that gets a package back to send out to you now the bundle is then unpacked by your computer to show you the totality of the google.com home page using complex math and software application all of this

communication occurs behind the scenes however to you it’s basic and easy to use in fact if we needed to enter 8.8.8.8 into the url bar instead of google.com a lot more individuals 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 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 other than it’s for ethereum ens represents ethereum name service and basically lets me inform 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 below it’s free and it rewards all our hard work 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 white boards crypto.eth with someone is i ‘d have to share

Present domain register to launch domain or in order to move it over to this other domain name register and so on uh when you have a dot crypto dot zill any type of blockchain based domain name you can move it to wherever you want whatever wallet you want with ease alright so now let’s jump into my laptop computer and get into the guide area of the video where i wish 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 bought to your wallet etc so you can truly comprehend how to correctly utilize unstoppable domain so let’s get started welcome to my laptop computer let’s start so this is unstoppable domains.com now to get going with this site is very easy you simply come here and after that you key in the domain name that you want right here and then click on search now i want simply want to mention that they do have particular cost points for the number of characters remain in the domain that you wish 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 type in my last name 2 400 uh i think i’ll pass however anyways let me go on and simply add this to cart for demonstration purposes we’ll go to the carts which’s it all right 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 truly like i like that it’s versatile i like it’s that it’s not one of those odd 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 gateway you desire to use all right and that’s it and so as soon as 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 procedure and in fact declare uh your domain addresses since one then you really own it then two you can do whatever you want with it if you want to go sell it on some type of like nft marketplace you can go ahead and do that okay so simply like when you purchase any type of cryptocurrency from an exchange like uh coinbase for example what it is is simply an iou it’s an iou until you really move the cryptocurrency from coinbase to your own wallet this is the very same so this is on there this is you know it’s like a hot wallet i think you know this is you you haven’t claimed it yet so it’s an iou that you own this and so i just want to briefly mention at the time of this video that there are a few ways to claim your domain name the first method is that you have to purchase a claim with credits cost so that costs uh at this time 40 per domain name and so that’s pays for the gas fees you’re like what are gas fees look this the ethereum network you really have to pay uh to move things on and off by means of gas charges number 2 is you can pay the gas costs directly from your own wallet so if you already 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 option that makes it simple to claim however anyways to get started is extremely basic so we go here state if i want to claim this one make a website.crypto we’ll claim with ethereum right there declare procedure started so now we have 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 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 fine fantastic now you’re like whoa what do i do pick wallet for declaring 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 couple of various 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 just 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 install metamask for chrome fine and let’s proceed and contribute to chrome include extension and there we go okay so now the metamask app is set up on our browser so we just click get started we are brand-new to metamask so here is where you need to set up a wallet a wallet is what you do with your cryptocurrency Kraken Namecoin