Namecoin Scam 2022

discuss topics of the cryptocurrency world…Namecoin Scam. using analogies stories and examples so that you can quickly understand 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 implies for individuals entering into the complicated crypto area before we really get to comprehending the power of unstoppable domains the first thing we’ll need to do is comprehend dns here at white boards crypto we like using examples so that’s exactly what we’re going to be utilizing to help you comprehend dns so dns means domain service which is an expensive way of saying that it is a handy service which enables us human beings to key in human readable addresses into the search bar and after that it will instantly turn them into device legible addresses so most of you are probably acquainted with ip addresses and those are precisely how a computer system at one end of the web knows how to talk particularly 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 sends out 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 searching for them and then gets 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 using complicated mathematics and software application all of this

communication occurs behind the scenes but to you it’s easy and easy to use 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 since it makes good sense to us so that’s basically 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 same thing that i just discussed other than it’s for ethereum ens stands for ethereum name service and pretty much lets me tell 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 don’t have 20 and you wish to support the channel feel free to leave a like below it’s totally free and it rewards all our hard work on this video and the past hundred that we’ve been really hard at work creating but anyways if you’re not utilized to understanding crypto the option to sharing white boards crypto.eth with somebody is i ‘d have to share

Current domain name register to release domain or in order to move it over to this other domain register and so on uh when you have a dot crypto dot zill any type of blockchain based domain you can transfer it to anywhere you want whatever wallet you desire with ease alright so now let’s jump into my laptop and enter the guide section of the video where i wish to show you unstoppable domain names how to get a domain name how to establish a particular wallet so you can connect the domain that you purchased to your wallet and so on so you can truly comprehend how to appropriately utilize unstoppable domain 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 really easy you just come here and then you type in the domain name that you want right here and then click on search now i want simply want to point out that they do have particular rate points for the number of characters are in the domain name that you wish to get so something over 8 characters will be 40 the smaller the domain the more expensive it’s going to be so for instance if i was come here and i enter my last name 2 400 uh i believe i’ll pass but anyways let me go on and just add this to cart for demonstration purposes we’ll go to the carts which’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 truly like i like that it’s flexible i like it’s that it’s not one of those odd crypto websites where you have to pay in cryptocurrency or you have to buy unstoppable coin then exchange it or whatever no you can pay with nevertheless payment gateway you want to use okay 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 site dot crypto and that’s it how to claim your crypto domain address now the factor why you ‘d want to go through the procedure and actually declare uh your domain addresses since one then you actually own it then 2 you can do whatever you want with it if you want to go sell it on some type of like nft market you can go ahead and do that alright so simply 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 up 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 know it’s like a hot wallet i guess you know this is you you have not claimed it yet so it’s an iou that you own this and so i simply want to briefly mention at the time of this video that there are a couple of methods to declare your domain name the first way is that you have to purchase a claim with credits fee so that costs uh at this time 40 per domain name and so that’s pays for the gas fees you’re like what are gas fees look this the ethereum network you in fact have to pay uh to move things on and off by means of gas costs number two is you can pay the gas costs straight 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 service that makes it simple to claim however anyways to get begun is extremely easy so we go here say if i desire to declare this one make a website.crypto we’ll declare with ethereum right there claim process started so now we have to send the code by email so click that and so right over here we’ll jump 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 fantastic 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 specifically for ethereum now there are a few 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 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 all right so we click here then we want to download it now click that set up metamask for chrome all right and let’s go ahead and contribute to chrome include extension and there we go all right so now the metamask app is installed on our browser so we simply click on begin we are brand-new to metamask so here is where you need to set up a wallet a wallet is what you make with your cryptocurrency Namecoin Scam