Selling Namecoin For Bitcoin 2022

discuss subjects of the cryptocurrency world…Selling Namecoin For Bitcoin. utilizing 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 individuals entering the complex crypto space prior to we in fact get to understanding the power of unstoppable domains the first thing we’ll need to do is understand dns here at whiteboard crypto we enjoy utilizing examples so that’s exactly what we’re going to be utilizing to assist you comprehend dns so dns means domain service which is an elegant method of stating that it is a valuable service which allows us humans to type in human legible addresses into the search bar and then it will immediately turn them into machine understandable addresses so most of you are probably acquainted with ip addresses and those are precisely how a computer system at one end of the internet understands how to talk particularly to another computer system elsewhere and not simply shout it into the abyss that is the web when you key 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 learns and goes to where google is tells them that you are looking for them and after that gets a bundle back to send to you now the package is then unpacked by your computer system to reveal you the entirety of the google.com web page using complex math and software all of this

communication happens behind the scenes however to you it’s basic and user friendly in fact if we needed to type in 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 since it makes sense to us so that’s basically what a dns is a translator for humans to speak machine code next up let’s see how this works for crypto ens is essentially the exact same thing that i simply mentioned 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 just type that in and pay me 20 if you want by the way if you do not have 20 and you wish to support the channel do not hesitate to leave a like below it’s totally free and it rewards all our effort on this video and the past hundred that we have actually been actually hard at work creating but anyways if you’re not utilized to comprehending crypto the option to sharing whiteboard crypto.eth with someone is i ‘d have to share

Current domain register to launch domain name 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 kind of blockchain based domain name you can transfer it to anywhere you want whatever wallet you desire with ease okay so now let’s jump into my laptop and enter into the guide area of the video where i want to reveal you unstoppable domain how to get a domain name how to establish a specific wallet so you can attach the domain that you purchased to your wallet and so on so you can actually comprehend how to effectively use unstoppable domain names so let’s start welcome to my laptop let’s start so this is unstoppable domains.com now to get started with this site is very basic you just come here and after that you enter the domain name that you desire right here and then click on search now i want simply wish to discuss that they do have particular cost points for the number of characters remain 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 example if i was come here and i type in 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 functions we’ll go to the carts and that’s it alright 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 odd crypto sites where you have to pay in cryptocurrency or you have to buy unstoppable coin then exchange it or whatever no you can pay with however payment gateway you desire to utilize 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 website dot crypto and that’s it how to declare your crypto domain address now the reason why you ‘d want to go through the procedure and in fact claim uh your domain addresses due to the fact that one then you really 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 fine 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 actually move the cryptocurrency from coinbase to your own wallet this is the exact same so this is on there this is you know it’s like a hot wallet i think you understand 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 reference at the time of this video that there are a couple of ways to claim your domain name the first way is that you have to buy 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 actually have to pay uh to move things on and off via gas fees 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 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 basic 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 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 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 okay 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 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 using desktop and i like trust wallet for mobile uh with regards to unstoppable domains so we’re simply going to use metamask so to begin with metamask is simple meta mask there we go okay so we click on this link then we want to download it now click that install metamask for chrome fine and let’s go on and contribute to chrome add extension and there we go fine so now the metamask app is set up on our browser so we just click on get going we are brand-new to metamask so here is where you need to set up a wallet a wallet is what you finish with your cryptocurrency Selling Namecoin For Bitcoin