Namecoin Mining Profitability 2022

discuss topics of the cryptocurrency world…Namecoin Mining Profitability. utilizing examples stories and examples so that you can easily understand them in this video we are going to be explaining what unstoppable domains is how they might be better than ens and what that suggests for individuals getting into the complicated crypto area prior to we really get to understanding the power of unstoppable domains the first thing we’ll require to do is understand dns here at white boards crypto we love using examples so that’s exactly what we’re going to be utilizing to assist you understand dns so dns stands for domain name service which is a fancy method of stating that it is a helpful service which permits us people to key in human understandable addresses into the search bar and then it will automatically turn them into device legible addresses so most of you are most likely acquainted with ip addresses and those are exactly how a computer system at one end of the internet knows how to talk particularly to another computer somewhere else and not simply scream it into the void that is the web when you key in google.com and you hit enter your computer 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 gets 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 web page using complex math and software application all of this

communication happens behind the scenes however to you it’s basic and easy to use in fact if we had 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 nets due to the fact that it makes good sense to us so that’s essentially what a dns is a translator for humans to speak machine code next up let’s see how this works for crypto ens is basically the exact same thing that i just discussed except it’s for ethereum ens means ethereum name service and pretty much 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 don’t have 20 and you want to support the channel feel free to leave a like below it’s free and it rewards all our hard work on this video and the past hundred that we’ve been really hard at work producing but 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

Present domain name register to release 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 you can transfer it to any place you desire whatever wallet you desire with ease fine so now let’s jump into my laptop and enter the guide area of the video where i wish to reveal you unstoppable domain how to get a domain name how to establish a specific wallet so you can connect the domain that you bought to your wallet etc so you can actually understand how to appropriately use unstoppable domain names so let’s get started welcome to my laptop computer let’s begin so this is unstoppable domains.com now to get going with this site is extremely basic you simply come here and then you enter the domain that you want right here and after that click on search now i desire just wish to discuss that they do have specific cost points for how many characters remain in the domain that you wish to get so something over 8 characters will be 40 the smaller sized the domain the more pricey it’s going to be so for example if i was come here and i enter my last name 2 400 uh i believe i’ll pass however anyways let me go ahead and simply include this to cart for presentation purposes we’ll go to the carts which’s it all right and

then you click here checkout which’s it therefore you can pay with a credit card paypal crypto or you can pay with the crypto.com app and i truly 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 need to purchase unstoppable coin then exchange it or whatever no you can pay with nevertheless payment gateway you wish to utilize fine which’s it and so as soon as 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 want to go through the process and really declare uh your domain addresses due to the fact that one then you in fact own it then two you can do whatever you desire with it if you wish to go offer it on some type of like nft marketplace you can go on and do that okay so just like 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 up until you really 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 haven’t claimed it yet so it’s an iou that you own this therefore i simply wish to briefly mention at the time of this video that there are a few methods to claim your domain name the very first way is that you need to acquire a claim with credits charge so that expenses uh at this time 40 per domain name therefore that’s pays for the gas costs you’re like what are gas fees look this the ethereum network you actually need to pay uh to move things on and off through gas costs 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 just wait up until august so then they’ll have a scaling solution that makes it easy to claim however anyways to start is really basic so we go here say if i want to declare this one make a website.crypto we’ll claim with ethereum right there declare procedure began 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 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 all right great now you resemble 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

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 utilize metamask so to get start with metamask is easy meta mask there we go all right so we click here 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 fine so now the metamask app is set up on our 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 finish with your cryptocurrency Namecoin Mining Profitability