Namecoin Exchange 2022

discuss subjects of the cryptocurrency world…Namecoin Exchange. utilizing analogies 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 much better than ens and what that suggests for people entering the complex crypto space prior to we really get to understanding the power of unstoppable domains the first thing we’ll require to do is comprehend dns here at whiteboard crypto we enjoy using examples so that’s precisely what we’re going to be using to assist you understand dns so dns represents domain service which is a fancy way of stating that it is a practical service which permits us humans to enter human understandable addresses into the search bar and after that 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 understands how to talk specifically to another computer somewhere else and not simply shriek it into the abyss that is the web when you enter google.com and you struck enter your computer sends 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 trying to find them and then gets a plan back to send to you now the plan is then unpacked by your computer system to show you the entirety of the google.com web page using complex mathematics and software all of this

communication happens behind the scenes however to you it’s simple and easy to use 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 puzzled right we do not speak in numbers or ip addresses we speak in dot coms dot orgs and webs due to the fact that it makes good 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 mentioned other than 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 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 listed below it’s totally free and it rewards all our effort on this video and the past hundred that we’ve been really hard at work creating however anyways if you’re not utilized to understanding crypto the alternative to sharing white boards crypto.eth with somebody is i ‘d have to share

Present domain register to release domain or in order to move it over to this other domain register etc uh when you have a dot crypto dot zill any type of blockchain based domain name you can move it to any place you desire whatever wallet you desire with ease all right so now let’s delve into my laptop computer and enter into the guide section of the video where i wish to show you unstoppable domain names how to get a domain how to establish a specific wallet so you can attach the domain name that you purchased to your wallet etc so you can actually comprehend how to appropriately utilize unstoppable domain names so let’s start welcome to my laptop computer let’s begin so this is unstoppable domains.com now to start with this site is extremely easy you just come here and then you key in the domain name that you desire right here and then click on search now i desire simply wish to point out that they do have particular rate points for the number of characters remain in the domain name that you want 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 enter my surname 2 400 uh i think i’ll pass however anyways let me proceed and simply add this to haul for demonstration purposes we’ll go to the carts which’s it alright and

then you click here checkout which’s it and so you can pay with a charge 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 unusual 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 nevertheless payment entrance you want to use fine which’s it and so when you’re all set then you’ll have your my domain name list in your account therefore 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 that you ‘d wish to go through the procedure and in fact declare uh your domain addresses because one then you really own it then two you can do whatever you want with it if you wish to go offer it on some type of like nft marketplace you can go on and do that all right so similar to when you purchase any type of cryptocurrency from an exchange like uh coinbase for instance what it is is just an iou it’s an iou until you in fact 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 haven’t declared it yet so it’s an iou that you own this therefore i just wish to briefly reference at the time of this video that there are a few ways to declare your domain the very first method is that you have to buy a claim with credits charge so that costs uh at this time 40 per domain name therefore that’s pays for the gas fees you’re like what are gas costs look this the ethereum network you really have to pay uh to move things on and off via gas charges second 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 solution that makes it simple to claim however anyways to get started is very basic so we go here state if i want to declare 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 jump over here and await 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 ideal click copy paste there we go boom put that in all right great 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 particularly for ethereum now there are a couple of 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 just going to utilize metamask so to start with metamask is easy meta mask there we go fine so we click here then we want to download it now click that set up metamask for chrome okay and let’s go on and contribute to chrome add extension and there we go okay so now the metamask app is set up on our browser so we simply click get started we are brand-new to metamask so here is where you have to establish a wallet a wallet is what you do with your cryptocurrency Namecoin Exchange