Namecoin 2017 Forecast 2022

explain topics of the cryptocurrency world…Namecoin 2017 Forecast. 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 before we in fact get to comprehending the power of unstoppable domains the first thing we’ll need to do is understand dns here at whiteboard crypto we like utilizing examples so that’s precisely what we’re going to be utilizing to assist you understand dns so dns means domain name service which is an expensive way of stating that it is an useful service which enables us human beings to enter human readable addresses into the search bar and after that it will automatically turn them into maker readable addresses so the majority of you are most likely acquainted with ip addresses and those are precisely how a computer at one end of the web knows how to talk particularly to another computer system somewhere else and not just scream it into the void that is the web when you enter google.com and you struck enter your computer system sends out 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 searching for them and then grabs a bundle back to send out to you now the package is then unpacked by your computer to show you the entirety of the google.com home page utilizing complex mathematics and software application all of this

interaction takes place behind the scenes however to you it’s simple 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 confused 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 people to speak machine code next up let’s see how this works for crypto ens is essentially the very same thing that i simply pointed out other than it’s for ethereum ens represents 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 do not have 20 and you want to support the channel do not hesitate to leave a like below it’s free and it rewards all our effort on this video and the past hundred that we have actually been truly hard at work developing however anyways if you’re not used to comprehending crypto the option to sharing white boards crypto.eth with somebody is i ‘d need to share

Current domain register to launch domain name 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 kind of blockchain based domain name you can transfer it to wherever you desire whatever wallet you desire with ease okay so now let’s delve into my laptop computer and enter the guide section of the video where i want to show you unstoppable domain names how to get a domain name how to set up a specific wallet so you can connect the domain name that you purchased to your wallet etc so you can really comprehend how to appropriately use unstoppable domain names so let’s begin welcome to my laptop computer let’s begin so this is unstoppable domains.com now to begin with this website is extremely basic you just come here and after that you key in the domain name that you want right here and after that click search now i desire just wish to point out that they do have specific 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 sized the domain name the more expensive it’s going to be so for instance if i was come here and i type in my last name 2 400 uh i think i’ll pass but anyways let me go ahead and simply add this to cart for presentation 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 actually like i like that it’s flexible i like it’s that it’s not one of those strange crypto sites where you have 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 utilize all right 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 website dot crypto and that’s it how to declare your crypto domain address now the reason why you ‘d want to go through the process and in fact declare uh your domain addresses since one then you really 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 marketplace you can go ahead and do that all right so simply like when you purchase any type of cryptocurrency from an exchange like uh coinbase for example what it is is just an iou it’s an iou up until you really move the cryptocurrency from coinbase to your own wallet this is the exact same so this is on there this is you know it’s like a hot wallet i think 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 reference at the time of this video that there are a couple of methods to claim your domain name the first method is that you have to buy 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 charges look this the ethereum network you actually have to pay uh to move things on and off through gas fees number two is you can pay the gas costs straight 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 but anyways to get started is really simple so we go here state if i desire 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 e-mail so click that and so right over here we’ll leap over here and wait for 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 just highlight that right click copy paste there we go boom put that in okay 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 few 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 using desktop and i like trust wallet for mobile uh with regards to unstoppable domains so we’re simply going to use metamask so to start with metamask is simple meta mask there we go alright so we click here then we want to download it now click on that set up metamask for chrome all right and let’s go on and contribute to chrome add extension and there we go all right so now the metamask app is set up on our browser so we just click on start we are new to metamask so here is where you have to set up a wallet a wallet is what you finish with your cryptocurrency Namecoin 2017 Forecast