Topic: [announce] Namecoin - a distributed naming system based on Bitcoin - page 105. (Read 596130 times)

No, the discussion is to not fragment the network.
Together we stand, divided we fall.

It should be integrated into the Bitcoin clients.

As far as registry it should work like this:
-You always get 50 domains per block.
-Each domain can be changed to any other(boring.bit -> serious.bit) as long as the other isn't occupied.
-It can be updated at any time without needing to mine a block. You may pay a fee for faster processing.
-It may be transfer from an address to another just as Bitcoins.

How much does it cost to register a name?

Can't figure out how to get it to use wx 2.9 rather than 2.8.

Am I reading it right that one would have to spend 50NC to register a name, then 50NC every 12,000 to keep it updated? So 50NC every 120,000 minutes?

What is the format of value?

Had to make some changes to get it to compile on FreeBSD, but I think I have it running (though it doesn't appear to be generating yet):

{"result":{"version":32100,"balance":0.00000000,"blocks":0,"connections":3,"proxy":"","generate":true,"genproclimit":-1,"difficulty":1.00000000,"hashespersec":0,"testnet":false,"keypoololdest":1303090416,"paytxfee":0.00000000,"errors":""},"error":null,"id":"curltest"}

I can see it connected to IRC along with several other hosts, but I have blocks=0.

Haven't looked at the code, but would it be correct to assume mining grants rights to acquire a DNS entry?

I would be happy to apply for the bounty award after people have reviewed the design and code.

So we should start polling people whether or not to reward you with the bounty award?

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Namecoin is a naming system based on bitcoin with a few modifications.  It is inspired by the bitdns discussion and recent failures of the DNS.

The quick facts:

* This is a new blockchain, separate from the main Bitcoin chain
* Name/value pairs are stored in the blockchain attached to coins
* Names are acquired through new transaction types - new, first-update and update
* Names expire after 12000 blocks unless renewed with an update
* No two unexpired names can be identical
* Block validation is extended to reject transactions that do not follow the above rules
* The code is here: https://github.com/vinced/namecoin

Initially, two name spaces are defined - DNS and personal.  The DNS name space is targetted towards a new distributed TLD, possibly .bit.

Here is how you can help:

* Compile and run namecoind.
* Do some mining.  The starting difficulty is 512, so CPU mining is still viable.
* We need proxies, browser plugins and DNS servers created to act as a bridge between Namecoin and users.

!Vince
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