Amazon Invests In Cryptocurrency Domain 2022 – NFT Domains

explain subjects of the cryptocurrency world…Amazon Invests In Cryptocurrency Domain. using analogies stories and examples so that you can easily comprehend them in this video we are going to be describing what unstoppable domains is how they might be better than ens and what that implies for people entering into the complex crypto space before we really get to comprehending the power of unstoppable domains the first thing we’ll need to do is understand dns here at white boards crypto we like utilizing examples so that’s exactly what we’re going to be utilizing to assist you understand dns so dns means domain name service which is an expensive way of stating that it is a valuable service which permits us human beings to key in human readable addresses into the search bar and then it will immediately turn them into maker understandable addresses so most 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 specifically to another computer system elsewhere and not just shout it into the abyss 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 package back to send out to you now the plan is then unpacked by your computer to show you the entirety of the google.com web page utilizing complicated math and software application all of this

interaction happens behind the scenes but to you it’s simple 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 confused right we do not speak in numbers or ip addresses we speak in dot coms dot orgs and internet since it makes 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 basically the exact same thing that i just discussed other than 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 desire 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 free and it rewards all our hard work on this video and the past hundred that we’ve been really hard at work producing but anyways if you’re not used to comprehending crypto the alternative to sharing white boards crypto.eth with somebody is i ‘d have to share

Existing domain 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 name you can transfer it to any place you want whatever wallet you desire with ease fine 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 attach the domain name that you purchased to your wallet and so on so you can actually understand how to correctly utilize unstoppable domain names so let’s begin welcome to my laptop let’s start so this is unstoppable domains.com now to get started with this site is extremely easy you simply come here and then you key in the domain that you want right here and then click on search now i want simply wish to discuss that they do have specific price 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 the domain the more pricey 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 proceed and simply add 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 actually like i like that it’s versatile i like it’s that it’s not one of those odd 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 gateway you want to utilize okay 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 process and really claim uh your domain addresses because one then you actually 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 market you can go ahead and do that all right so simply like when you purchase any type of cryptocurrency from an exchange like uh coinbase for example what it is is simply an iou it’s an iou up until you in fact move the cryptocurrency from coinbase to your own wallet this is the exact same so this is on there this is you understand it’s like a hot wallet i guess you understand this is you you haven’t claimed it yet so it’s an iou that you own this and so i just desire to briefly mention 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 buy 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 fees look this the ethereum network you in fact have to pay uh to move things on and off by means of gas fees number 2 is you can pay the gas fees 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 up until august so then they’ll have a scaling solution that makes it easy to claim however anyways to get begun is really basic so we go here state if i want to declare this one make a website.crypto we’ll claim with ethereum right there declare procedure started so now we have to send the code by e-mail so click that and so right over here we’ll leap over here and wait for the code to strike 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 great now you’re like whoa what do i do pick 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 just going to use metamask so to get going with metamask is easy meta mask there we go fine so we click on this link then we wish to download it now click on that install metamask for chrome all right and let’s go ahead and contribute to chrome include extension and there we go all right so now the metamask app is set up on our web browser so we simply click get going we are brand-new to metamask so here is where you have to set up a wallet a wallet is what you make with your cryptocurrency Amazon Invests In Cryptocurrency Domain