explain topics of the cryptocurrency world…Namecoin What. utilizing analogies stories and examples so that you can quickly comprehend them in this video we are going to be explaining what unstoppable domains is how they might be much better than ens and what that implies for people entering into the complicated crypto area before we in fact get to comprehending the power of unstoppable domains the first thing we’ll need to do is understand dns here at whiteboard crypto we enjoy using examples so that’s precisely what we’re going to be utilizing to assist you comprehend dns so dns means domain name service which is a fancy method of stating that it is an useful service which permits us human beings to enter human readable addresses into the search bar and after that it will automatically turn them into machine understandable addresses so most of you are probably knowledgeable about ip addresses and those are precisely how a computer at one end of the web understands how to talk specifically to another computer elsewhere and not just shriek it into the abyss that is the web when you enter google.com and you hit enter your computer system 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 looking for them and then grabs a package back to send to you now the plan is then unpacked by your computer to show you the totality of the google.com home page using complicated mathematics and software application all of this
interaction occurs behind the scenes however to you it’s simple and easy to use in fact if we had to type in 8.8.8.8 into the url bar instead of google.com a lot more people would be puzzled right we do not 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 essentially the very same thing that i simply pointed out other than it’s for ethereum ens represents ethereum name service and practically lets me inform 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 wish to support the channel feel free to leave a like below it’s totally free and it rewards all our effort on this video and the past hundred that we’ve been actually hard at work producing but anyways if you’re not used to comprehending crypto the alternative to sharing white boards crypto.eth with somebody is i ‘d have to share
Current domain register to launch 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 kind of blockchain based domain 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 get into the tutorial area of the video where i wish to show you unstoppable domain how to get a domain name how to set up a specific wallet so you can attach the domain that you bought to your wallet etc so you can really comprehend how to appropriately use unstoppable domain names 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 name that you want right here and then click search now i want just want to discuss that they do have particular cost points for the number of characters are 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 instance if i was come here and i enter my last name 2 400 uh i believe i’ll pass but anyways let me proceed and just include this to haul for demonstration functions we’ll go to the carts which’s it alright and
then you click 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 actually like i like that it’s flexible i like it’s that it’s not one of those unusual crypto sites where you need 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 and that’s it therefore 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 wish 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 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 similar to when you buy 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 really move the cryptocurrency from coinbase to your own wallet this is the 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 therefore i just wish to briefly reference 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 cost so that expenses uh at this time 40 per domain name therefore that’s pays for the gas fees you resemble what are gas costs look this the ethereum network you in fact have to pay uh to move things on and off through gas charges second is you can pay the gas costs straight from your own wallet so if you currently 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 option that makes it easy to claim however anyways to get going is extremely easy so we go here state if i wish to claim this one make a website.crypto we’ll declare with ethereum right there claim procedure started so now we need 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 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 ideal click copy paste there we go boom put that in all right excellent now you’re like whoa what do i do pick 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 different 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 using desktop and i like trust wallet for mobile uh with regards to unstoppable domains so we’re just going to utilize metamask so to begin with metamask is simple meta mask there we go all right so we click on this link then we want to download it now click on that install metamask for chrome alright and let’s go ahead and add to chrome add extension and there we go all right so now the metamask app is installed on our browser so we simply click on get started we are new to metamask so here is where you need to set up a wallet a wallet is what you do with your cryptocurrency Namecoin What