Unstoppable Domains How It Works 2022

describe subjects of the cryptocurrency world…Unstoppable Domains How It Works. using analogies stories and examples so that you can quickly 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 implies for people entering the complex crypto area prior to we really get to understanding the power of unstoppable domains the first thing we’ll need to do is understand dns here at white boards crypto we enjoy utilizing examples so that’s precisely what we’re going to be using to assist you comprehend dns so dns means domain service which is a fancy way of stating that it is a practical service which allows us humans to type in human understandable addresses into the search bar and after that it will immediately turn them into machine legible addresses so the majority of you are most likely knowledgeable about ip addresses and those are exactly how a computer system at one end of the web understands how to talk specifically to another computer elsewhere and not just shout 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 discovers and goes to where google is tells them that you are trying to find them and after that gets a package back to send out to you now the package is then unpacked by your computer to show you the totality of the google.com home page utilizing complicated mathematics and software application all of this

communication takes place behind the scenes however to you it’s simple and easy to use in fact if we had to enter 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 internet since it makes good sense to us so that’s basically 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 very same thing that i just pointed out except it’s for ethereum ens stands for ethereum name service and basically lets me inform 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 want to support the channel do not hesitate to leave a like listed below it’s free and it rewards all our hard work on this video and the past hundred that we have actually been really hard at work creating but anyways if you’re not used to understanding crypto the alternative to sharing white boards crypto.eth with someone is i ‘d need to share

Present domain name register to release domain name or in order to move it over to this other domain name register etc uh when you have a dot crypto dot zill any type of blockchain based domain name you can transfer it to any place you desire whatever wallet you want with ease alright so now let’s jump into my laptop and enter the tutorial area of the video where i want to reveal you unstoppable domain names how to get a domain name how to set up a specific wallet so you can connect the domain name that you purchased to your wallet etc so you can actually comprehend how to appropriately use unstoppable domain names so let’s get going welcome to my laptop computer let’s begin so this is unstoppable domains.com now to get going with this site is extremely easy you just come here and after that you enter the domain name that you desire right here and then click on search now i want simply want to point out that they do have specific rate points for the number of characters are in the domain that you wish to get so something over 8 characters will be 40 the smaller the domain name the more expensive it’s going to be so for instance if i was come here and i enter my last name 2 400 uh i think i’ll pass however anyways let me go on and simply add this to cart for demonstration functions we’ll go to the carts and that’s it all right 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 weird crypto sites where you have to pay in cryptocurrency or you have to purchase unstoppable coin then exchange it or whatever no you can pay with however payment entrance you desire to use all right 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 claim your crypto domain address now the reason why you ‘d desire to go through the procedure and really declare uh your domain addresses due to the fact that one then you actually own it then 2 you can do whatever you want with it if you desire to go offer it on some type of like nft market you can go ahead and do that alright so just 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 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’s like a hot wallet i think you understand this is you you haven’t claimed it yet so it’s an iou that you own this and so i simply want to briefly mention at the time of this video that there are a few 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 charges you’re like what are gas costs look this the ethereum network you really have to pay uh to move things on and off via gas fees number 2 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 simply wait till august so then they’ll have a scaling solution that makes it easy to claim however anyways to get started is extremely simple so we go here state if i want to declare this one make a website.crypto we’ll claim with ethereum right there claim procedure began so now we have to send out 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 just highlight that right click copy paste there we go boom put that in all right great now you’re like whoa what do i do choose 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 different wallets that they recommend 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 just going to use metamask so to get start with metamask is easy meta mask there we go all right so we click here then we want to download it now click that set up metamask for chrome all right and let’s go on and add to chrome add extension and there we go all right so now the metamask app is installed on our internet browser so we just click get started we are new to metamask so here is where you have to establish a wallet a wallet is what you do with your cryptocurrency Unstoppable Domains How It Works

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This is more than a web address. this is your cryptocurrency address, your login to the decentralized web, and your universal username. Even better, pay as soon as and it’s yours forever.

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Blockchain technology has unlocked a digital, self-governing, dispersed ledger that anybody from around the world can transact on. Transacting on the blockchain includes communicating with wallet addresses. Each cryptocurrency has a wallet and each wallet has an address.

Often a wallet will have more than one receiving address. These addresses are complicated and lengthy strings including both numbers and letters. More than frequently, it is tough to verify that you have entered the proper address before sending out because of the length and intricacy of blockchain addresses. If you unintentionally send out one to a wallet address that belongs to a various cryptocurrency, for circumstances, send out Bitcoin to an Ethereum address, then the funds you send out will be lost forever. If only there was a way to link a readable domain name to a wallet address. This must make it simpler to negotiate on blockchain networks given that there would no longer be a need to connect with raw wallet addresses.

What Is A Blockchain Wallet? Domains that so not stop

In lots of ways, a blockchain wallet resembles a checking account in the real life. Each wallet has a “savings account number” and a “password”. What makes a blockchain wallet various from a bank account is that there is no main organization that secures and maintains your bank account. A blockchain wallet is totally your own obligation. Since there is no central institution, such as a bank, securing your wallet on the blockchain, people on a blockchain network rely on encryption to protect their funds in the network. With this being the case, the checking account number and password of each blockchain wallet are a bit more complex.

A raw blockchain wallet uses a cryptographic procedure called secrets. The personal secret is sort of like your pin for your blockchain wallet, and it shows that you are the owner of the funds in your wallet on the blockchain. Anyone with a wallet’s personal key can spend the funds in a wallet.

A getting address is produced utilizing your wallet’s public secret. There is no limitation to how lots of get addresses you can generate for a blockchain wallet.

Now that we have actually had a look at how a blockchain wallet works, let’s continue to take a look at

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Then, in the background, the technology from s routes the different currencies to their respective wallets. This even removes the need for scanning QR codes because reading them is not 100 percent accurate. Getting in touch with the Zilliqa Blockchain, their version of DNS is built on the Zilliqa blockchain.

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