discuss topics of the cryptocurrency world…Namecoin-qt Does Balance Show 0 Until Sync?. using analogies stories and examples so that you can easily understand them in this video we are going to be describing what unstoppable domains is how they might be better than ens and what that suggests for people getting into the complex crypto space prior to we actually get to understanding 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 exactly what we’re going to be using to assist you comprehend dns so dns represents domain service which is an expensive way of stating that it is a valuable service which allows us humans to enter human legible addresses into the search bar and then it will automatically turn them into maker readable addresses so the majority of you are most likely knowledgeable about ip addresses and those are precisely how a computer system at one end of the web understands how to talk specifically to another computer system somewhere else and not just shriek it into the abyss that is the web when you type in google.com and you struck enter your computer system sends out 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 searching for them and then grabs a package back to send to you now the bundle is then unpacked by your computer to show you the entirety of the google.com web page utilizing complicated mathematics and software application all of this
interaction takes place behind the scenes but to you it’s basic and easy to use in fact if we needed to key in 188.8.131.52 into the url bar instead of google.com a lot more individuals would be puzzled right we do not 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 basically the very same thing that i simply pointed out except it’s for ethereum ens means 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 below it’s 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 utilized to comprehending crypto the option to sharing white boards crypto.eth with somebody is i ‘d need to share
Current domain 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 move it to any place you want whatever wallet you desire with ease all right so now let’s jump into my laptop computer and enter the guide area of the video where i want to show you unstoppable domain names how to get a domain name how to establish a specific wallet so you can connect the domain that you purchased to your wallet and so on so you can actually understand how to properly utilize unstoppable domain names so let’s begin welcome to my laptop computer let’s begin so this is unstoppable domains.com now to start with this website is extremely simple you simply come here and after that you enter the domain that you desire right here and then click search now i want just wish to discuss that they do have particular rate 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 the domain the more pricey it’s going to be so for instance if i was come here and i enter my surname 2 400 uh i believe i’ll pass however anyways let me go ahead and just add this to cart for presentation functions we’ll go to the carts and that’s it okay 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 flexible i like it’s that it’s not one of those unusual 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 nevertheless payment gateway you want to utilize alright 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 website dot crypto and that’s it how to declare your crypto domain address now the factor why you ‘d desire to go through the process and actually claim uh your domain addresses since one then you in fact own it then 2 you can do whatever you want with it if you desire to go offer it on some type of like nft marketplace you can go ahead and do that fine so simply 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 until 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 think you understand 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 methods to claim your domain name the very first way is that you have to acquire a claim with credits cost so that costs uh at this time 40 per domain name and so that’s pays for the gas charges you’re like what are gas charges look this the ethereum network you actually have to pay uh to move things on and off via gas charges number 2 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 just wait up until august so then they’ll have a scaling service that makes it simple to claim however anyways to get begun is really basic so we go here say if i desire to declare this one make a website.crypto we’ll claim with ethereum right there claim procedure began so now we have to send out the code by e-mail so click that and so right over here we’ll leap over here and wait for 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 simply highlight that ideal click copy paste there we go boom put that in alright fantastic now you’re like whoa what do i do choose wallet for declaring 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 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 just going to use metamask so to begin with metamask is easy 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 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 just click get started we are brand-new to metamask so here is where you need to establish a wallet a wallet is what you make with your cryptocurrency Namecoin-qt Does Balance Show 0 Until Sync?