Topic: [announce] Namecoin - a distributed naming system based on Bitcoin - page 27. (Read 596107 times)

We have about 900 blocks left to go, and when the 420,000th namecoin block is mined then 12.5 NMC per block will be the reward.

Lots of interesting new projects coming up, the competition is crazy. I will read more about you guys.

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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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I was under that impression from biolizard's comment here https://www.reddit.com/r/Namecoin/comments/8u9a4x/namecoin_sidechain_concept/ but it would be ideal with its algo and merged mining stats.


Yeah I remember looking at namecoin ages back and it was something like 45% of bitcoin hashrate.Distribution looked okay too.

Namecoin is not a sidechain, but it is merged mined with bitcoin. Look at this tweet for an overview of the hashrate:

I think namecoin is actually a non pegged (not now anyway) merge mined bitcoin sidechain unless I am mistaken?

antaresus

If you knew the true truth behind this coin you would not write this comment and without judgments I recommend you research a little more and try to understand the connection of Namecoin with Bitcoin being that there are other digital dinosaur coins capable of changing the course of history and Namecoin is among them. To finish, to be in the top 10 is necessary a high investment and if the Whales return to Namecoin this would happen fast.

antaresus

If you knew the true truth behind this coin you would not write this comment and without judgments I recommend you research a little more and try to understand the connection of Namecoin with Bitcoin being that there are other digital dinosaur coins capable of changing the course of history and Namecoin is among them. To finish, to be in the top 10 is necessary a high investment and if the Whales return to Namecoin this would happen fast.

Namecoin will never ever be back in the top 10 of the market

Namecoin will never ever be back in the top 10 of the market

I agree with and this coin can be considered a dinosaur that deserves a little attention due to its intensity and market time. If you get look the coinmarketcap you will find Namecoin in the category of bitcoin at its beginning and at the present moment with just a few corrections and updates this currency is entitled in the top 10 of the market.

namecoin is probably one of only alts that ever made any sense ...

Thank you for your service

namecoin is probably one of only alts that ever made any sense ...