Namecoin Mining 2022

describe subjects of the cryptocurrency world…Namecoin Mining. 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 implies for individuals getting into the complicated crypto area prior to we actually get to understanding the power of unstoppable domains the first thing we’ll need to do is understand dns here at whiteboard crypto we enjoy utilizing examples so that’s precisely what we’re going to be using to assist you comprehend dns so dns means domain service which is an expensive method of stating that it is a handy service which allows us people to key in human readable addresses into the search bar and after that it will instantly turn them into device understandable addresses so most of you are probably familiar with ip addresses and those are precisely how a computer at one end of the internet understands how to talk specifically to another computer somewhere else and not simply scream it into the abyss that is the web when you type in google.com and you hit enter your computer sends 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 looking for them and after that grabs a plan back to send out 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 all of this

communication occurs behind the scenes but to you it’s basic and user friendly 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 confused right we do not speak in numbers or ip addresses we speak in dot coms dot orgs and webs because 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 means ethereum name service and pretty much lets me inform you that whiteboardcrypto.eth is my wallet address so you can merely type that in and pay me 20 if you want by the way if you do not have 20 and you wish to support the channel do not hesitate to leave a like listed below it’s complimentary and it rewards all our effort on this video and the past hundred that we have actually been really hard at work producing however anyways if you’re not utilized to comprehending crypto the option 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 name you can move it to anywhere you desire whatever wallet you want with ease okay so now let’s jump into my laptop and enter the guide section of the video where i wish to reveal you unstoppable domain names how to get a domain name how to establish a specific wallet so you can attach the domain that you bought to your wallet etc so you can actually understand how to properly utilize unstoppable domain so let’s begin welcome to my laptop let’s begin so this is unstoppable domains.com now to start with this site is very basic you simply come here and after that you enter the domain that you desire right here and then click search now i desire just want to mention that they do have particular cost points for how many characters remain in the domain name that you want to get so something over 8 characters will be 40 the smaller sized the domain the more costly it’s going to be so for example if i was come here and i key in my surname 2 400 uh i think i’ll pass but anyways let me go ahead and just add this to haul for presentation purposes we’ll go to the carts and that’s it all right and

then you click 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 versatile i like it’s that it’s not one of those strange crypto websites where you have to pay in cryptocurrency or you need to purchase unstoppable coin then exchange it or whatever no you can pay with nevertheless payment entrance you wish to utilize okay which’s it therefore 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 which’s it how to claim your crypto domain address now the reason that you ‘d wish to go through the procedure and in fact declare uh your domain addresses due to the fact that one then you actually own it then 2 you can do whatever you desire with it if you want to go sell it on some kind of like nft market you can go on and do that all right so just 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 same so this is on there this is you understand it’s like a hot wallet i think you understand this is you you haven’t claimed it yet so it’s an iou that you own this and so i just wish 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 purchase a claim with credits charge so that costs uh at this time 40 per domain therefore that’s spends for the gas fees you resemble what are gas fees look this the ethereum network you really have to pay uh to move things on and off through gas fees number two is you can pay the gas fees 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 simply wait up until august so then they’ll have a scaling option that makes it easy to claim but anyways to get started is extremely easy so we go here state if i wish to claim this one make a website.crypto we’ll declare with ethereum right there claim 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 just highlight that right click copy paste there we go boom put that in alright great now you’re like whoa what do i do select 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 recommend 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 utilizing desktop and i like trust wallet for mobile uh with regards to unstoppable domains so we’re simply going to use metamask so to get going with metamask is easy meta mask there we go alright so we click on this link then we wish to download it now click that set up metamask for chrome all right and let’s proceed and contribute to chrome add extension and there we go alright so now the metamask app is set up on our internet browser so we simply click start we are new to metamask so here is where you have to set up a wallet a wallet is what you do with your cryptocurrency Namecoin Mining