Namecoin What Is? 2022

discuss topics of the cryptocurrency world…Namecoin What Is?. utilizing examples stories and examples so that you can quickly comprehend them in this video we are going to be discussing what unstoppable domains is how they might be much better than ens and what that implies for people entering the complicated crypto space before we actually get to comprehending the power of unstoppable domains the first thing we’ll need to do is comprehend dns here at whiteboard crypto we like using examples so that’s precisely what we’re going to be using to assist you understand dns so dns means domain name service which is a fancy way of stating that it is a valuable service which permits us humans to type in human understandable addresses into the search bar and after that it will automatically turn them into maker legible addresses so the majority of you are most likely acquainted with ip addresses and those are precisely how a computer system at one end of the internet knows how to talk particularly to another computer somewhere else and not just shriek 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 stating yo where’s google the internet service provider learns and goes to where google is tells them that you are searching for them and then gets a package back to send to you now the bundle is then unpacked by your computer system to reveal you the totality of the google.com home page utilizing complex math and software all of this

interaction happens behind the scenes but to you it’s simple and user friendly in fact if we needed 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 internet because it makes good sense to us so that’s essentially what a dns is a translator for humans to speak machine code next up let’s see how this works for crypto ens is basically the exact same thing that i simply pointed out other than it’s for ethereum ens means ethereum name service and basically lets me inform you that whiteboardcrypto.eth is my wallet address so you can simply type that in and pay me 20 if you desire by the way if you don’t have 20 and you wish to support the channel do not hesitate to leave a like listed 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 utilized to comprehending crypto the option to sharing white boards crypto.eth with somebody is i ‘d have to share

Current domain name register to launch domain 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 you can transfer it to anywhere you desire whatever wallet you want with ease fine so now let’s delve into my laptop and enter the guide section of the video where i wish to show you unstoppable domain names how to get a domain how to establish a particular wallet so you can connect the domain that you bought to your wallet etc so you can really understand how to correctly utilize unstoppable domain 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 really basic you just come here and after that you enter the domain name that you want right here and then click on search now i desire simply want to discuss that they do have particular rate points for how many characters remain in the domain name that you want to get so something over 8 characters will be 40 the smaller sized the domain name the more expensive it’s going to be so for instance if i was come here and i type in my last name 2 400 uh i believe i’ll pass however anyways let me go on and simply add this to cart for presentation functions we’ll go to the carts and that’s it okay 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 flexible i like it’s that it’s not one of those weird 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 utilize 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 factor why you ‘d desire to go through the procedure and actually declare uh your domain addresses because one then you in fact own it then two you can do whatever you desire with it if you desire to go offer it on some type of like nft marketplace you can go ahead and do that all right so just like when you buy 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 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 haven’t claimed 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 few ways to declare your domain name the first method is that you have to acquire a claim with credits charge so that costs uh at this time 40 per domain name and so that’s pays for the gas charges you’re like what are gas costs look this the ethereum network you actually have to pay uh to move things on and off via gas costs number two is you can pay the gas fees 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 till august so then they’ll have a scaling option that makes it simple to claim however anyways to get begun is extremely basic 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 started so now we have to send the code by email 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 ideal click copy paste there we go boom put that in alright great 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 just going to use metamask so to get start with metamask is easy meta mask there we go fine so we click here then we wish to download it now click on that set up metamask for chrome all right and let’s proceed and add to chrome include extension and there we go fine so now the metamask app is installed on our web browser so we just click 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 Namecoin What Is?