Namecoin - Live Namecoin price and market cap

Namecoin Crypto Coin Rank 1219

Website

14,736,400 NMC

24h Vol

0 BTC

1 H

-1.07 %

24 H

-3.36 %

7 d

2.56 %

Today Namecoin price in US dollars is currently 0.4066 USD, and if converted to Bitcoin is 0.00000665 BTC. A total of 14,736,400 NMC are currently circulating in the Market. Namecoin price is currently experiencing a change of -3.36 %, and check here all cryptocurrency. Over the past 24 hours 0.000 M US dollars Namecoin have been traded on Crypto Exchanges. Get Namecoin's progress by adding it to your favourites and creating a free portfolio.

Full Name

Namecoin

Symbol

NMC

Algorithm

SHA256

BTC Price

0.00000665 BTC

BTC Market

98 BTC

BTC 24h Vol

0 BTC

Total Coins Mined

14,736,400 NMC

-1.07 %

24h

-3.36 %

2.56 %

Twitter

Namecoin

Website

Namecoin

Description

Namecoin s a cryptocurrency which also acts as an alternative, decentralized DNS, which would avoid domain name censorship by making a new top level domain outside of ICANN control. The coin is designed to halve every four years with the same cap limit as Bitcoin of 21,000,000. With the domain registry service a small number of NMC will be destroyed so after mining has finished there will still be a deflationary ellement in place. Namecoin was the first coin to switch to merged mining.

Technology

It is based on the code of bitcoin and uses the same proof-of-work algorithm. It is limited to 21 million coins. Each Namecoin record consists of a key and a value which can be up to 520 bytes in size. Each key is actually a path, with the namespace preceding the name of the record. The key d/example signifies a record stored in the DNS namespace d with the name example and corresponds to the record for the example.bit website. The content of d/example is expected to conform to the DNS namespace specification. The current fee for a record is 0.01 NMC and records expire after 36000 blocks (~200 days) unless updated or renewed. Namecoins used to purchase records are marked as used and destroyed, as giving the fee to miners would enable larger miners to register names at a significant discount.

Features

Namecoin can store data within its own blockchain transaction database
Censorship-resistant top level domain .bit, which is functionally similar to .com or .net domains but is independent of ICANN, the main governing body for domain names
Identity systems
Messaging systems
Personal namespaces
Notary/timestamp systems
Alias systems
Issuance of shares/stocks