What Is Namecoin 2022

describe subjects of the cryptocurrency world…What Is Namecoin. using analogies stories and examples so that you can quickly comprehend 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 means for individuals entering into the complex crypto area prior to we actually get to understanding the power of unstoppable domains the first thing we’ll require to do is understand dns here at whiteboard crypto we like utilizing 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 a fancy way of stating that it is a valuable service which permits us humans to type in human legible addresses into the search bar and then it will immediately turn them into machine readable addresses so most of you are most likely knowledgeable about ip addresses and those are exactly how a computer system at one end of the internet knows how to talk specifically to another computer elsewhere and not simply shout it into the void that is the web when you enter google.com and you struck enter your computer system sends a message to your internet service provider saying 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 grabs a bundle back to send to you now the bundle is then unpacked by your computer system to reveal you the entirety of the google.com home page utilizing complicated mathematics and software application all of this

communication occurs behind the scenes however to you it’s simple and easy to use in fact if we needed to key 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 nets due to the fact that it makes 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 same thing that i just discussed other than it’s for ethereum ens represents ethereum name service and basically lets me inform you that whiteboardcrypto.eth is my wallet address so you can just type that in and pay me 20 if you desire 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 effort on this video and the past hundred that we have actually been really hard at work developing however anyways if you’re not used to comprehending crypto the alternative to sharing whiteboard crypto.eth with somebody is i ‘d have to share

Existing 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 type of blockchain based domain name you can transfer it to anywhere you want whatever wallet you desire with ease alright so now let’s delve into my laptop computer and enter into the tutorial section of the video where i want to show you unstoppable domain how to get a domain name 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 truly understand how to properly utilize unstoppable domain so let’s get started welcome to my laptop let’s begin so this is unstoppable domains.com now to begin with this site is very simple you just come here and after that you key in the domain that you desire right here and after that click search now i desire just want to point out that they do have particular rate points for how many characters are in the domain 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 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 simply add this to cart for demonstration purposes 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 flexible i like it’s that it’s not one of those unusual 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 all right and that’s it and so as soon as 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 reason why you ‘d desire to go through the procedure and in fact declare uh your domain addresses because 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 marketplace you can go ahead and do that fine so simply like 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 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 understand it’s like a hot wallet i think 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 reference at the time of this video that there are a few methods to claim your domain name the first method is that you have to purchase a claim with credits fee so that expenses uh at this time 40 per domain name and so that’s pays for the gas fees you’re like what are gas costs look this the ethereum network you really have to pay uh to move things on and off via gas charges number 2 is you can pay the gas fees 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 solution that makes it simple to claim but anyways to get begun is really simple so we go here say if i want to declare this one make a website.crypto we’ll claim with ethereum right there declare process started so now we have to send the code by e-mail so click that and so right over here we’ll jump 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 just highlight that best click copy paste there we go boom put that in fine 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 particularly for ethereum now there are a few various wallets that they recommend 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 just going to use metamask so to start with metamask is easy meta mask there we go alright so we click on this link then we wish to download it now click that install metamask for chrome alright and let’s go on 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 going we are brand-new to metamask so here is where you have to set up a wallet a wallet is what you make with your cryptocurrency What Is Namecoin