Domains In Cryptocurrency 2022 – NFT Domains

explain subjects of the cryptocurrency world…Domains In Cryptocurrency. using analogies stories and examples so that you can quickly comprehend them in this video we are going to be explaining what unstoppable domains is how they might be much better than ens and what that suggests for people entering into 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 comprehend dns here at white boards crypto we love utilizing examples so that’s exactly what we’re going to be utilizing to assist you comprehend dns so dns means domain name service which is a fancy way of saying that it is a handy service which enables us people to key in human legible addresses into the search bar and then it will instantly turn them into machine understandable addresses so most of you are most likely familiar with ip addresses and those are exactly how a computer system at one end of the web understands how to talk specifically to another computer system elsewhere and not simply scream it into the void that is the web when you enter google.com and you struck enter your computer sends out a message to your internet service provider saying yo where’s google the internet service provider finds out and goes to where google is tells them that you are trying to find them and after that gets a plan back to send to you now the package is then unpacked by your computer system to reveal you the totality of the google.com home page using complex mathematics and software all of this

interaction takes place behind the scenes but to you it’s simple and user friendly 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 confused 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 essentially 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 same thing that i simply discussed other than it’s for ethereum ens means ethereum name service and basically lets me tell 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 don’t 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’ve been actually hard at work producing however anyways if you’re not used to comprehending crypto the option to sharing whiteboard 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 name register etc uh when you have a dot crypto dot zill any kind of blockchain based domain name you can move it to any place you want whatever wallet you want with ease fine so now let’s jump into my laptop and get into the guide area of the video where i wish to reveal you unstoppable domain names how to get a domain name how to establish a particular wallet so you can attach the domain that you bought to your wallet etc so you can really understand how to effectively utilize unstoppable domain so let’s get started welcome to my laptop computer let’s begin so this is unstoppable domains.com now to get started with this site is very basic you just come here and after that you key in the domain that you want right here and then click search now i desire simply want to discuss that they do have specific price points for the number of characters remain in the domain that you want 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 key in my last name 2 400 uh i believe i’ll pass but anyways let me go on and just add this to haul for demonstration 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 really like i like that it’s versatile i like it’s that it’s not one of those odd 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 want 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 claim your crypto domain address now the factor why you ‘d desire to go through the process 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 want to go offer it on some type of like nft marketplace you can go ahead and do that alright so simply 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 up until you actually 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 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 want to briefly reference at the time of this video that there are a few methods to claim your domain name the very 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 charges you’re like what are gas fees look this the ethereum network you really have to pay uh to move things on and off via gas charges 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 simply wait till august so then they’ll have a scaling service that makes it easy to claim but anyways to get begun is extremely basic so we go here say if i desire to claim this one make a website.crypto we’ll declare with ethereum right there claim process started 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 just highlight that right click copy paste there we go boom put that in alright terrific now you’re like whoa what do i do choose wallet for declaring so unstoppable domains has their own app we have a web 3 wallet coinbase wall all mu wall is particularly for ethereum now there are a few different wallets that they recommend 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 utilizing 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 want to download it now click on that install metamask for chrome alright and let’s go ahead and add to chrome add extension and there we go fine so now the metamask app is set up on our web browser so we just click begin we are new to metamask so here is where you have to establish a wallet a wallet is what you finish with your cryptocurrency Domains In Cryptocurrency