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Namecoin

NMC

Namecoin

Algorithm:

What is Namecoin?

Namecoin is a decentralized naming system based on Bitcoin technology (a decentralized cryptocurrency).

It allows you to:
Securely register and transfer arbitrary names (keys), no possible censorship!
Attach values (data) to the names (up to 1023 bytes)
Trade and transact namecoins, the digital currency NMC
There are plenty of possible use cases. Some examples:
DNS: domain_name => domain_zone_configuration
Alias/Identity: user_name => user_public_identity (email, name, gpg key, BTC-adress, etc)
Timestamping: document_hash => document_infos (name, hash, owner, etc)
Broadcasting / Messaging
Web of trust
Bonds, shares
Voting
Torrent tracker
To register a name, you must own some namecoins (NMC, the internal cryptocurrency used by the software).

Release date: April 18th, 2011

Specifications

  • Different blockchain, port, IRC bootstrap and message header
  • New transaction types: new, first-update, update
  • Validation on the new transaction types
  • RPC calls for managing names
  • Network fees to slow down the initial rush
ExchangePrice
24 Change no API
Bleutrade no API
BTC-E 0.00425 BTC
C-CEX 0.00700000 BTC
CoinedUp no API
CoinMkt no API
Comkort no API
Crypto-Trade no API
Cryptonit 0.005731 BTC
Cryptsy 0.00500000 BTC
Kraken no API
Lilion Transfer no API
Poloni EX no API
Vircurex 0.00519998 BTC

Pools

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