NMC
Namecoin Rank 404
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14,736,400 NMC
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Namecoin
Namecoin Price $0.25
$0.25
Namecoin 24h Vol
$49
$49
Namecoin Market Cap $3,753,953
$3,753,953
24h Vol
0 BTC1 H
-5.96 %
24 H
-39.77 %
7 d
-49.92 %
Today Namecoin price in US dollars is currently
0.2547
USD, and if converted to Bitcoin is
0.00005719
BTC. A total of 843 coin's are currently circulating in the Market. Namecoin prices are currently experiencing a change of -39.77 %, check all cryptocurrency. Over the past 24 hours 0.000 M US dollars Namecoin has been traded on Crypto Exchanges. Get Namecoin's progress by adding it to your favourites and creating a free portfolio if you wish.
Full Name
Namecoin
Symbol
NMC
Algorithm
SHA-256
BTC Price
0.00005719 BTC
BTC Market
843 BTC
BTC 24h Vol
0 BTC
Total Coins Mined
14,736,400 NMC
1h
-5.96 %
24h
-39.77 %
7d
-49.92 %
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Description
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
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
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
