Namecoin Trading Reddit 2022

explain topics of the cryptocurrency world…Namecoin Trading Reddit. using analogies 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 entering into the complicated crypto space before we in fact get to comprehending 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 precisely what we’re going to be using to assist you comprehend dns so dns stands for domain name service which is an expensive method of stating that it is a valuable service which permits us people to enter human readable addresses into the search bar and then it will instantly turn them into device readable addresses so most of you are most likely familiar with ip addresses and those are exactly how a computer at one end of the web knows how to talk specifically to another computer somewhere else and not simply scream it into the abyss that is the web when you type in google.com and you hit enter your computer system sends 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 looking for them and after that gets a package back to send to you now the bundle is then unpacked by your computer system to show you the entirety of the google.com web page using complicated mathematics and software application all of this

interaction occurs behind the scenes but to you it’s simple and user friendly in fact if we had to enter 8.8.8.8 into the url bar instead of google.com a lot more people would be puzzled right we don’t speak in numbers or ip addresses we speak in dot coms dot orgs and webs because 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 other than it’s for ethereum ens means ethereum name service and practically 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 want to support the channel do not hesitate 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 creating but anyways if you’re not used to comprehending crypto the option to sharing white boards crypto.eth with someone is i ‘d have to share

Current 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 you can transfer it to wherever you want whatever wallet you want with ease alright so now let’s delve into my laptop computer and enter the tutorial area of the video where i want to reveal you unstoppable domain how to get a domain how to establish a specific wallet so you can connect the domain name that you bought to your wallet and so on so you can really understand 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 really easy you just come here and then you enter the domain that you want right here and then click search now i want simply want to discuss that they do have specific price points for the number of characters remain in the domain that you want 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 instance if i was come here and i key in my surname 2 400 uh i believe i’ll pass but anyways let me proceed and just add this to cart for presentation 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 truly like i like that it’s versatile i like it’s that it’s not one of those weird 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 desire to use okay 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 site dot crypto and that’s it how to declare your crypto domain address now the factor why you ‘d desire to go through the procedure and in fact declare uh your domain addresses because one then you in fact own it then two you can do whatever you desire with it if you want to go sell it on some type of like nft market you can go ahead and do that all right so just 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 till 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 haven’t claimed it yet so it’s an iou that you own this and so i simply desire to briefly mention at the time of this video that there are a few ways to claim your domain name the very first method is that you have to buy a claim with credits cost 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 charges look this the ethereum network you in fact have to pay uh to move things on and off through gas fees number 2 is you can pay the gas fees 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 simply wait up until august so then they’ll have a scaling option that makes it simple to claim however anyways to get started is really easy so we go here state if i want to claim this one make a website.crypto we’ll declare with ethereum right there declare procedure started so now we have to send the code by email so click that and so right over here we’ll leap 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 simply highlight that best click copy paste there we go boom put that in all right great now you’re like 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 particularly for ethereum now there are a couple of different wallets that they suggest 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 utilize metamask so to begin with metamask is simple meta mask there we go alright so we click here then we wish to download it now click on that install metamask for chrome fine and let’s go ahead and contribute to chrome add extension and there we go fine so now the metamask app is installed on our web browser so we simply click begin we are new to metamask so here is where you have to set up a wallet a wallet is what you do with your cryptocurrency Namecoin Trading Reddit