Is Domain Flipping Legal 2022

describe topics of the cryptocurrency world…Is Domain Flipping Legal. utilizing analogies stories and examples so that you can easily comprehend them in this video we are going to be explaining what unstoppable domains is how they might be better than ens and what that implies for people entering the complicated crypto space before we really get to comprehending the power of unstoppable domains the first thing we’ll require to do is comprehend dns here at whiteboard crypto we like utilizing examples so that’s precisely what we’re going to be using to help you understand dns so dns stands for domain name service which is an elegant way of stating that it is a practical service which enables us people to type in human legible addresses into the search bar and after that it will automatically turn them into maker readable addresses so most of you are most likely knowledgeable about ip addresses and those are exactly how a computer at one end of the internet knows how to talk particularly to another computer elsewhere and not just shriek it into the void that is the web when you type 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 grabs a bundle back to send out to you now the bundle is then unpacked by your computer to reveal you the whole of the google.com home page utilizing complicated math and software application all of this

interaction happens behind the scenes but to you it’s basic and user friendly 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 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 essentially 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 same thing that i just pointed out except it’s for ethereum ens means ethereum name service and practically 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 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 hard work on this video and the past hundred that we’ve been truly hard at work producing but anyways if you’re not utilized to understanding crypto the option to sharing whiteboard crypto.eth with somebody is i ‘d need to share

Current domain name register to release domain or in order to move it over to this other domain name register etc uh when you have a dot crypto dot zill any kind of blockchain based domain you can move it to anywhere you desire whatever wallet you want with ease alright so now let’s delve into my laptop and get into the tutorial 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 connect the domain that you bought to your wallet etc so you can actually understand how to properly utilize unstoppable domain names so let’s get started welcome to my laptop computer let’s begin so this is unstoppable domains.com now to begin with this site is really basic you just come here and then you type in the domain name that you desire right here and then click on search now i desire simply want to mention that they do have particular rate 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 costly it’s going to be so for example if i was come here and i type in my last name 2 400 uh i think i’ll pass but anyways let me go on and simply add this to cart for demonstration purposes we’ll go to the carts which’s it fine and

then you click on here checkout which’s it therefore you can pay with a charge 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 weird crypto websites where you need to pay in cryptocurrency or you have to purchase unstoppable coin then exchange it or whatever no you can pay with nevertheless payment gateway you wish to utilize 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 website dot crypto which’s it how to claim your crypto domain address now the reason you ‘d want to go through the process and in fact claim 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 kind of like nft marketplace you can proceed and do that okay so much 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 same so this is on there this is you understand it resembles a hot wallet i guess you understand this is you you have not claimed 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 few ways to declare your domain the first method is that you need to purchase a claim with credits cost so that expenses uh at this time 40 per domain name and so that’s spends for the gas fees you’re like what are gas charges look this the ethereum network you really need to pay uh to move things on and off through gas charges second is you can pay the gas charges straight from your own wallet so if you currently have a wallet established and you have ethereum in there you can pay with your own ethereum or you can just wait till august so then they’ll have a scaling service that makes it simple to claim however anyways to get going is very basic so we go here state if i want to declare this one make a website.crypto we’ll claim with ethereum right there claim process began so now we have to send out the code by email so click that therefore 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 resemble 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 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 simply going to use metamask so to start with metamask is easy meta mask there we go fine so we click here then we wish to download it now click that install metamask for chrome fine and let’s proceed and contribute to chrome add extension and there we go okay so now the metamask app is set up on our browser so we just click get going we are new to metamask so here is where you need to establish a wallet a wallet is what you make with your cryptocurrency Is Domain Flipping Legal