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Blockchain technology has actually opened a digital, autonomous, distributed ledger that anyone from across the globe can transact on. Transacting on the blockchain involves interacting with wallet addresses. Each cryptocurrency has each wallet and a wallet has an address.

In some cases a wallet will have more than one receiving address. If you accidentally send one to a wallet address that belongs to a different cryptocurrency, for instance, send Bitcoin to an Ethereum address, then the funds you send will be lost forever. If just there was a method to connect a readable domain name to a wallet address.

What Is A Blockchain Wallet? Domains that so not stop

In numerous ways, a blockchain wallet is similar to a checking account in the real world. Each wallet has a “bank account number” and a “password”. What makes a blockchain wallet various from a savings account is that there is no main institution that secures and keeps your savings account. A blockchain wallet is totally your own duty. Because there is no main institution, such as a bank, securing your wallet on the blockchain, individuals on a blockchain network depend on encryption to secure their funds in the network. With this holding true, the checking account number and password of each blockchain wallet are a bit more intricate.

A raw blockchain wallet utilizes a cryptographic protocol called secrets. The private 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. Anybody with a wallet’s personal key can invest the funds in a wallet.

When getting funds from someone, you would generate a get address and share that with them. A receiving address is generated using your wallet’s public key. Some centralized cryptocurrency wallet companies give you the option to generate numerous get addresses and include notes or payment recommendations for record-keeping. There is no limitation to the number of get addresses you can produce for a blockchain wallet.

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

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In the background, the technology from s routes the various currencies to their respective wallets. This even gets rid of the requirement for scanning QR codes since 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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explain subjects of the cryptocurrency world…Unstoppable Domains Solana. using analogies 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 implies for individuals entering into the complicated crypto area before we actually get to comprehending the power of unstoppable domains the first thing we’ll need to do is understand dns here at whiteboard crypto we love using examples so that’s exactly what we’re going to be utilizing to help you understand dns so dns stands for domain service which is a fancy method of stating that it is a handy service which enables us human beings to key in human legible addresses into the search bar and then it will automatically turn them into maker legible addresses so most of you are most likely familiar with ip addresses and those are precisely how a computer at one end of the web understands how to talk specifically to another computer system somewhere else and not just scream it into the void that is the web when you enter 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 discovers and goes to where google is tells them that you are trying to find them and after that grabs a package back to send to you now the bundle is then unpacked by your computer to reveal you the whole of the google.com web page using complex math and software all of this

communication takes place behind the scenes however to you it’s easy and easy to use in fact if we had to type in 8.8.8.8 into the url bar instead of google.com a lot more people would be puzzled right we don’t speak in numbers or ip addresses we speak in dot coms dot orgs and nets since it makes sense to us so that’s essentially 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 simply discussed except it’s for ethereum ens means 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 wish to support the channel feel free to leave a like listed below it’s totally free and it rewards all our effort on this video and the past hundred that we have actually been truly hard at work developing however anyways if you’re not used to understanding crypto the option to sharing whiteboard crypto.eth with somebody is i ‘d need to share

Present domain 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 kind of blockchain based domain name you can transfer it to any place you want whatever wallet you want with ease alright so now let’s jump into my laptop and enter the guide area of the video where i wish to reveal you unstoppable domain how to get a domain name how to establish a particular wallet so you can connect the domain that you purchased to your wallet and so on so you can actually comprehend how to correctly utilize unstoppable domain names so let’s begin welcome to my laptop let’s begin so this is unstoppable domains.com now to begin with this website is really simple you simply come here and then you key in the domain name that you desire right here and after that click search now i want simply want to point out that they do have specific rate points for how many characters are in the domain name that you wish 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 example 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 just include this to haul 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 really like i like that it’s versatile i like it’s that it’s not one of those strange crypto websites where you have to pay in cryptocurrency or you have to purchase unstoppable coin then exchange it or whatever no you can pay with nevertheless payment entrance you desire to utilize 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 site dot crypto and that’s it how to declare your crypto domain address now the reason why you ‘d desire to go through the procedure and in fact declare uh your domain addresses since 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 purchase 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 really move the cryptocurrency from coinbase to your own wallet this is the same so this is on there this is you understand it’s like a hot wallet i guess 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 reference at the time of this video that there are a couple of methods to claim your domain name the first way is that you have to purchase a claim with credits charge so that costs uh at this time 40 per domain name and so that’s pays for the gas fees you’re like what are gas charges look this the ethereum network you actually have to pay uh to move things on and off through gas charges number 2 is you can pay the gas costs directly 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 until august so then they’ll have a scaling option that makes it simple to claim but anyways to get started is very simple so we go here state if i want to claim this one make a website.crypto we’ll declare with ethereum right there declare process 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 simply highlight that right click copy paste there we go boom put that in alright fantastic now you’re like whoa what do i do select 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 few different 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 start with metamask is simple meta mask there we go all right so we click on this link then we wish to download it now click that set up metamask for chrome okay and let’s go on and add to chrome add extension and there we go fine so now the metamask app is set up on our internet browser so we just click on get going we are new to metamask so here is where you need to set up a wallet a wallet is what you do with your cryptocurrency Unstoppable Domains Solana