Is It Profitable To Mine Namecoin 2022

discuss topics of the cryptocurrency world…Is It Profitable To Mine Namecoin. using examples stories and examples so that you can easily understand them in this video we are going to be discussing what unstoppable domains is how they might be better than ens and what that indicates for individuals entering into the complex crypto space prior to we really get to comprehending the power of unstoppable domains the first thing we’ll require to do is comprehend dns here at white boards crypto we enjoy utilizing examples so that’s exactly what we’re going to be using to assist you understand dns so dns stands for domain name service which is an elegant way of saying that it is a handy service which enables us human beings to enter human readable addresses into the search bar and then it will automatically turn them into device understandable addresses so most of you are probably knowledgeable about ip addresses and those are exactly how a computer at one end of the web understands how to talk specifically to another computer elsewhere and not simply scream it into the void that is the web when you enter google.com and you hit enter your computer 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 plan back to send out to you now the plan is then unpacked by your computer to show you the entirety of the google.com home page using complicated math and software all of this

communication takes place behind the scenes but to you it’s basic and user friendly in fact if we needed to enter 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 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 basically the very same thing that i just pointed out other than it’s for ethereum ens represents ethereum name service and practically lets me inform you that whiteboardcrypto.eth is my wallet address so you can merely type that in and pay me 20 if you want 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 complimentary and it rewards all our effort on this video and the past hundred that we’ve been actually hard at work producing but anyways if you’re not utilized to comprehending crypto the option to sharing whiteboard crypto.eth with someone is i ‘d need to share

Current domain name register to launch domain name or in order to move it over to this other domain name 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 wherever you want whatever wallet you want with ease all right so now let’s jump into my laptop and get into the guide section of the video where i wish to show you unstoppable domain how to get a domain how to set up a particular wallet so you can connect the domain name that you bought to your wallet and so on so you can actually comprehend how to appropriately utilize unstoppable domain names so let’s get going welcome to my laptop computer let’s start so this is unstoppable domains.com now to start with this site is extremely simple you just come here and then you key in the domain that you desire right here and then click search now i want just wish to mention that they do have specific price points for how many characters remain in the domain name that you wish to get so something over 8 characters will be 40 the smaller the domain name the more costly it’s going to be so for example if i was come here and i enter my last name 2 400 uh i think i’ll pass however anyways let me proceed and simply include this to cart for presentation purposes we’ll go to the carts which’s it fine 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 truly like i like that it’s versatile i like it’s that it’s not one of those unusual 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 nevertheless payment entrance you want to use fine 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 claim your crypto domain address now the factor why you ‘d desire to go through the process and actually claim uh your domain addresses since one then you really own it then 2 you can do whatever you desire with it if you desire to go sell it on some type of like nft marketplace you can go ahead and do that okay so just like when you purchase 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 think you understand this is you you haven’t declared it yet so it’s an iou that you own this and so i simply desire to briefly mention at the time of this video that there are a few ways to claim your domain name the very first way is that you have to acquire a claim with credits cost so that costs 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 in fact have to pay uh to move things on and off through gas fees number 2 is you can pay the gas charges straight 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 just wait up until august so then they’ll have a scaling option that makes it easy to claim however anyways to get begun is extremely easy so we go here state if i desire to declare this one make a website.crypto we’ll declare with ethereum right there declare procedure began 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 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 right click copy paste there we go boom put that in okay terrific 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 few various wallets that they advise so for desktop there’s meta mask for mobile you can

utilize 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 get going with metamask is easy meta mask there we go fine so we click here then we want to download it now click on that install metamask for chrome okay and let’s go on and contribute to chrome include extension and there we go all right so now the metamask app is set up on our internet browser so we simply click on start we are brand-new to metamask so here is where you need to set up a wallet a wallet is what you make with your cryptocurrency Is It Profitable To Mine Namecoin