Coinmarket Namecoin 2022

describe subjects of the cryptocurrency world…Coinmarket Namecoin. using examples 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 implies for individuals entering the complicated crypto area 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 whiteboard crypto we enjoy utilizing examples so that’s exactly what we’re going to be using to help you comprehend dns so dns stands for domain service which is a fancy method of stating that it is a valuable service which allows us humans to enter human readable addresses into the search bar and then it will automatically turn them into machine legible addresses so the majority of you are probably acquainted with ip addresses and those are exactly how a computer system at one end of the internet understands how to talk specifically to another computer elsewhere and not just 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 trying to find them and then grabs a plan back to send to you now the plan is then unpacked by your computer system to reveal you the totality of the google.com web page using complex mathematics and software application all of this

communication takes place behind the scenes however to you it’s basic 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 individuals would be confused right we don’t speak in numbers or ip addresses we speak in dot coms dot orgs and nets because it makes good 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 pointed out except it’s for ethereum ens represents ethereum name service and pretty much lets me inform you that whiteboardcrypto.eth is my wallet address so you can merely type that in and pay me 20 if you desire by the way if you do not have 20 and you wish to support the channel feel free to leave a like listed 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 however anyways if you’re not used to understanding crypto the option to sharing white boards crypto.eth with somebody is i ‘d need to share

Current domain register to release domain or in order to move it over to this other domain register etc uh when you have a dot crypto dot zill any type of blockchain based domain you can transfer it to any place you desire whatever wallet you want with ease alright so now let’s jump into my laptop computer and get into the guide area of the video where i want to show you unstoppable domain how to get a domain how to establish a specific wallet so you can attach the domain that you purchased to your wallet etc so you can truly comprehend how to appropriately use unstoppable domain so let’s get started welcome to my laptop let’s start so this is unstoppable domains.com now to get going with this website is really easy you simply come here and then you enter the domain name that you desire right here and then click on search now i desire simply wish to discuss that they do have particular rate points for the number of characters are in the domain that you want to get so something over 8 characters will be 40 the smaller sized the domain name the more pricey it’s going to be so for instance if i was come here and i type in my surname 2 400 uh i believe i’ll pass however anyways let me go ahead and just add this to haul for presentation purposes we’ll go to the carts which’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 actually like i like that it’s versatile 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 however payment gateway you want to utilize okay and that’s it and so when 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 desire to go through the process and actually claim uh your domain addresses since one then you really own it then two you can do whatever you want with it if you want to go sell it on some type of like nft marketplace you can go ahead and do that alright 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 till you really 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 understand 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 methods to declare your domain name the very 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 costs you’re like what are gas costs look this the ethereum network you really have to pay uh to move things on and off through gas costs 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 till august so then they’ll have a scaling service that makes it simple to claim but anyways to get started is really simple so we go here say if i desire to declare this one make a website.crypto we’ll claim with ethereum right there declare procedure started so now we have 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 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 specifically for ethereum now there are a few various wallets that they advise 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 just going to utilize metamask so to begin with metamask is simple meta mask there we go okay so we click here then we want to download it now click on that install metamask for chrome fine and let’s proceed and add to chrome include extension and there we go fine so now the metamask app is set up on our web browser so we simply click on get started we are brand-new to metamask so here is where you need to set up a wallet a wallet is what you do with your cryptocurrency Coinmarket Namecoin