describe topics of the cryptocurrency world….Crypto Domain Names. using analogies stories and examples so that you can quickly 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 means for people entering into the complex crypto space prior to we actually get to understanding the power of unstoppable domains the first thing we’ll need to do is comprehend dns here at whiteboard crypto we like utilizing examples so that’s exactly what we’re going to be utilizing to help you comprehend dns so dns stands for domain name service which is an elegant method of stating that it is an useful service which permits us humans to key in human readable addresses into the search bar and after that it will automatically turn them into device readable addresses so most of you are probably acquainted with ip addresses and those are precisely how a computer system at one end of the web understands how to talk particularly to another computer system somewhere else and not simply scream it into the abyss 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 finds out and goes to where google is tells them that you are searching for them and then gets a package back to send out to you now the bundle is then unpacked by your computer to show you the whole of the google.com home page using complicated mathematics and software all of this
communication occurs behind the scenes but to you it’s simple and user friendly in fact if we needed to key 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 nets since it makes good sense to us so that’s basically 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 stands for ethereum name service and basically 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’ve been really hard at work producing however anyways if you’re not used to understanding crypto the option to sharing whiteboard crypto.eth with someone is i ‘d have to share
Existing domain name register to launch domain name or in order to move it over to this other domain register etc uh when you have a dot crypto dot zill any kind of blockchain based domain name you can move it to anywhere you want whatever wallet you want with ease fine so now let’s delve into my laptop computer and get into the tutorial section of the video where i wish to show you unstoppable domain names how to get a domain name how to set up a particular wallet so you can attach the domain name that you purchased to your wallet etc so you can really comprehend how to correctly 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 get started with this site is very simple you just come here and then you enter the domain that you want right here and after that click on search now i want simply wish to point out that they do have specific rate points for how many 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 costly it’s going to be so for instance if i was come here and i enter my surname 2 400 uh i believe i’ll pass but anyways let me go on and just include this to haul for presentation functions we’ll go to the carts and that’s it all right and
then you click on here checkout which’s it therefore 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 unusual crypto websites where you need 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 use all right which’s it therefore once you’re all set then you’ll have your my domain 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 that you ‘d wish to go through the process and in fact claim uh your domain addresses because 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 market you can go on and do that fine so much 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 same so this is on there this is you know it resembles a hot wallet i guess you know 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 mention at the time of this video that there are a couple of methods to declare your domain the very first way is that you have to acquire a claim with credits fee so that costs uh at this time 40 per domain therefore that’s pays for the gas fees you’re like what are gas costs look this the ethereum network you actually need to pay uh to move things on and off via gas fees second is you can pay the gas costs straight from your own wallet so if you already have a wallet established and you have ethereum in there you can pay with your own ethereum or you can just wait up until august so then they’ll have a scaling option that makes it simple to claim however anyways to get going is extremely easy so we go here state if i want to declare 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 jump over here and wait on 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 simply highlight that ideal click copy paste there we go boom put that in alright fantastic 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 various 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 get start with metamask is simple meta mask there we go okay so we click here then we want to download it now click that set up metamask for chrome okay and let’s go ahead and add to chrome add extension and there we go all right so now the metamask app is set up on our web browser so we simply click on 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 .Crypto Domain Names