Namecoin Mining Algorithm 2022

describe subjects of the cryptocurrency world…Namecoin Mining Algorithm. using examples stories and examples so that you can easily understand them in this video we are going to be discussing what unstoppable domains is how they might be better than ens and what that indicates for individuals entering into the complicated crypto space prior to we in fact get to comprehending the power of unstoppable domains the first thing we’ll require 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 help you understand dns so dns represents domain service which is a fancy method of saying that it is an useful service which permits us people to enter human legible addresses into the search bar and then it will immediately turn them into maker readable addresses so the majority of you are probably knowledgeable about ip addresses and those are precisely how a computer system at one end of the internet knows how to talk specifically to another computer system elsewhere and not simply shout 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 saying yo where’s google the internet service provider learns and goes to where google is tells them that you are looking for them and then grabs a plan back to send out to you now the plan is then unpacked by your computer to show you the entirety of the google.com home page utilizing complex mathematics and software all of this

interaction happens behind the scenes however to you it’s simple and user friendly 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 due to the fact that it makes good 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 basically the very same thing that i simply mentioned except 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 simply type that in and pay me 20 if you want by the way if you don’t 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 hard work on this video and the past hundred that we have actually been really hard at work developing however anyways if you’re not used to understanding crypto the option to sharing whiteboard crypto.eth with somebody is i ‘d need to share

Existing domain register to release domain name or in order to move it over to this other domain name register etc uh when you have a dot crypto dot zill any kind of blockchain based domain name you can move it to wherever you want whatever wallet you desire with ease alright so now let’s jump into my laptop and get into the tutorial area 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 bought to your wallet and so on so you can truly comprehend how to appropriately use unstoppable domain so let’s start welcome to my laptop computer let’s start so this is unstoppable domains.com now to start with this site is extremely simple you just come here and after that you key in the domain name that you want right here and after that click on search now i want just wish to point out 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 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 believe i’ll pass but anyways let me go ahead and simply include this to haul for demonstration functions we’ll go to the carts which’s it alright and

then you click on here checkout and that’s it therefore you can pay with a charge 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 weird crypto websites where you need 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 use okay which’s it therefore once you’re all set then you’ll have your my domain list in your account therefore 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 you ‘d wish to go through the procedure and really claim uh your domain addresses since one then you actually own it then two you can do whatever you want with it if you want to go sell it on some kind of like nft market you can go on and do that alright so much like when you buy 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 actually move the cryptocurrency from coinbase to your own wallet this is the same so this is on there this is you know it resembles a hot wallet i guess you know this is you you have not declared it yet so it’s an iou that you own this and so i just want 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 need to acquire a claim with credits fee so that costs uh at this time 40 per domain name and so that’s pays for the gas costs you resemble what are gas charges look this the ethereum network you in fact need to pay uh to move things on and off via gas fees number two is you can pay the gas charges 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 till august so then they’ll have a scaling service that makes it simple to claim however anyways to get going is very easy so we go here say if i wish to declare this one make a website.crypto we’ll claim with ethereum right there declare procedure started so now we need to send the code by e-mail so click that therefore right over here we’ll jump over here and wait on 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 fine 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 various wallets that they suggest 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 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 start with metamask is simple meta mask there we go okay so we click here then we want to download it now click on that set up metamask for chrome okay and let’s go ahead and contribute to chrome include extension and there we go all right so now the metamask app is set up on our internet browser so we just click get going we are new to metamask so here is where you need to establish a wallet a wallet is what you do with your cryptocurrency Namecoin Mining Algorithm