Namecoin Trading 2022

describe topics of the cryptocurrency world…Namecoin Trading. 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 implies for people entering the complex crypto area before we in fact get to understanding the power of unstoppable domains the first thing we’ll require to do is comprehend dns here at whiteboard crypto we love using examples so that’s exactly what we’re going to be using to help you comprehend dns so dns represents domain service which is an elegant way of saying that it is a helpful service which allows us people to key in human readable addresses into the search bar and then it will instantly turn them into machine legible addresses so most of you are most likely acquainted with ip addresses and those are precisely how a computer at one end of the web knows how to talk specifically to another computer system elsewhere and not simply scream it into the abyss that is the web when you enter google.com and you struck enter your computer system sends out a message to your internet service provider saying 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 grabs a package back to send to you now the package is then unpacked by your computer system to reveal you the totality of the google.com web page using complicated math and software all of this

interaction occurs 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 internet since 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 essentially the exact same thing that i simply pointed out other than it’s for ethereum ens represents ethereum name service and pretty much lets me tell you that whiteboardcrypto.eth is my wallet address so you can simply type that in and pay me 20 if you desire 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 complimentary and it rewards all our effort on this video and the past hundred that we’ve been truly hard at work creating however anyways if you’re not utilized to understanding crypto the option to sharing white boards crypto.eth with somebody is i ‘d need to share

Present domain name register to release domain name 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 type of blockchain based domain name you can transfer it to wherever you want whatever wallet you desire with ease all right so now let’s delve into my laptop computer and enter into the tutorial section of the video where i want to reveal you unstoppable domain how to get a domain name how to set up a specific wallet so you can attach the domain name that you bought to your wallet etc so you can really comprehend how to appropriately utilize unstoppable domain so let’s get going welcome to my laptop computer let’s start so this is unstoppable domains.com now to begin with this website is extremely basic you simply come here and then you key in the domain that you desire right here and after that click search now i desire simply want to discuss that they do have specific cost points for how many characters are in the domain that you want to get so something over 8 characters will be 40 the smaller the domain name the more pricey it’s going to be so for example if i was come here and i key in my last name 2 400 uh i believe i’ll pass however anyways let me proceed and simply add this to haul for demonstration functions we’ll go to the carts which’s it all right 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 versatile i like it’s that it’s not one of those unusual crypto sites where you have 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 desire to utilize fine and that’s it and so 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 and that’s it how to declare your crypto domain address now the factor why you ‘d want to go through the process and in fact declare uh your domain addresses due to the fact that one then you in fact own it then two you can do whatever you want with it if you desire to go offer it on some type of like nft market you can go ahead and do that all right 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 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 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 couple of ways to declare your domain name the very first method 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 costs you’re like 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 2 is you can pay the gas charges 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 up until august so then they’ll have a scaling solution that makes it easy to claim however anyways to get started is extremely simple so we go here say if i desire to claim this one make a website.crypto we’ll claim with ethereum right there claim procedure began so now we have to send 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 right click copy paste there we go boom put that in fine great 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 specifically for ethereum now there are a couple of various wallets that they recommend 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 just going to use metamask so to start with metamask is easy meta mask there we go fine so we click on this link then we want to download it now click that set up metamask for chrome alright and let’s go on and contribute to chrome include extension and there we go fine so now the metamask app is set up on our internet browser so we simply click on start we are new to metamask so here is where you need to set up a wallet a wallet is what you make with your cryptocurrency Namecoin Trading