Namecoin Cryptocurrency Reddit 2022

describe topics of the cryptocurrency world…Namecoin Cryptocurrency Reddit. 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 much better than ens and what that indicates for individuals getting into the complex crypto area before we in fact get to understanding the power of unstoppable domains the first thing we’ll require to do is understand dns here at whiteboard crypto we love using examples so that’s exactly what we’re going to be using to help you understand dns so dns stands for domain name service which is a fancy way of stating that it is a valuable service which allows us humans to key in human legible addresses into the search bar and then it will instantly turn them into device legible addresses so the majority of you are most likely acquainted with ip addresses and those are precisely how a computer system at one end of the web knows how to talk particularly to another computer elsewhere and not simply yell it into the abyss that is the web when you type in google.com and you struck enter your computer sends out a message to your internet service provider stating 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 then gets a bundle back to send to you now the bundle is then unpacked by your computer to show you the entirety of the google.com home page utilizing complicated math and software all of this

communication happens behind the scenes however to you it’s basic and user friendly in fact if we needed 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 webs since it makes sense to us so that’s basically 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 exact same thing that i just mentioned except it’s for ethereum ens represents ethereum name service and pretty much lets me inform you that whiteboardcrypto.eth is my wallet address so you can simply 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 feel free to leave a like below it’s totally free and it rewards all our effort on this video and the past hundred that we have actually been really hard at work creating but anyways if you’re not used to understanding crypto the option to sharing whiteboard crypto.eth with someone is i ‘d need to share

Present domain name 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 kind of blockchain based domain name you can move it to anywhere you want whatever wallet you desire with ease alright so now let’s jump into my laptop computer and enter into the tutorial area of the video where i wish to reveal you unstoppable domain how to get a domain how to establish a particular wallet so you can connect the domain name that you purchased to your wallet etc so you can really understand how to appropriately use unstoppable domain names so let’s get started welcome to my laptop let’s start so this is unstoppable domains.com now to get started with this site is extremely basic you simply come here and after that you key in the domain name that you want right here and then click search now i desire simply want to discuss that they do have particular price points for how many 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 costly it’s going to be so for instance if i was come here and i type in my last name 2 400 uh i believe i’ll pass but anyways let me proceed and just include 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 really like i like that it’s versatile i like it’s that it’s not one of those odd crypto websites 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 okay 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 declare your crypto domain address now the reason why you ‘d desire to go through the procedure and really declare uh your domain addresses since one then you in fact own it then 2 you can do whatever you desire with it if you want to go sell it on some type of like nft market you can go ahead and do that fine so just 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 till you in fact move the cryptocurrency from coinbase to your own wallet this is the very same so this is on there this is you understand it’s like a hot wallet i guess you understand this is you you have not declared it yet so it’s an iou that you own this and so i simply want to briefly reference 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 fee 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 actually have to pay uh to move things on and off via 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 simply wait till august so then they’ll have a scaling service that makes it easy to claim however anyways to get begun is very simple so we go here state if i want to declare this one make a website.crypto we’ll claim with ethereum right there declare procedure began so now we have to send the code by email so click that and so right over here we’ll leap 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 okay terrific now you’re like whoa what do i do choose 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 different 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 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 get start with metamask is simple meta mask there we go okay so we click on this link then we wish to download it now click that install metamask for chrome all right and let’s go ahead and add to chrome include extension and there we go all right so now the metamask app is installed on our web browser so we simply 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 Namecoin Cryptocurrency Reddit