Namecoin

Overview of Namecoin

Namecoin has a few unique characteristics which include that Namecoin domain names can declare their TLS fingerprints directly &mdash without having to trust a certificate authority, notaries, or the regular DNS infrastructure.

Namecoins could be used as a DNS replacement in a P2P network or even for node authentication when such authentication needs a tie between identity and keys (for instance, using standard public key infrastructure, PKI).

Namecoin (NMC) is a trial open-source innovation which improves decentralization, security, control obstruction, protection, and speed of specific segments of the Internet framework, for example, DNS and personalities.

Namecoin and other SHA-256 coins can typically only be mined profitably with a piece of specialized mining hardware called an ASIC, which stands for application-specific integrated circuit.

NameCoinNews, being a News Publication Media that provides fresh and authentic updates of the crypto world, contributes to quite an extent by enlightening layman regarding the same.

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.[7]

Namecoin is an open source decentralized key/value registration and transfer system based on Bitcoin technology (a decentralized cryptocurrency).

Namecoin was introduced by a developer name Vinced and merited by Bitcointalk forum users: OrgNasty, D5000, tsaroz, nutildah and Financisto.

Namecoin was the first fork of Bitcoin, the first coin to implement merged mining, and one of the oldest blockchain projects around.

Namecoin’s market cap currently sits at $30,849,500.00 USD, holding up for a market cap rank at #708.

Blockchain

On block 19200 Namecoin activated the merged mining upgrade to allow mining of bitcoin and namecoin simultaneously, instead of having to choose between one or the other, this fixed the issue of miners jumping from one blockchain to another when the profitability becomes favorable in the former.

Mine

Namecoin is the first fork of Bitcoin and creates a flexible distributed data storage network.The most prominent use case of Namecoin is a decentral record for the top level domain .bit, which is censorship-resistant and independent of the Internet Corporation for Assigned Names and…

Network

Because of their links with the Namecoin network, these names are difficult to censor or seize, meaning that they are resistant to outside influence.Additionally, the makers of Namecoin specify that lookups do not generate network traffic.The result of this is that Namecoin offers improved privacy capabilities.

Support

Namecoin is an open-source project, and needs help realizing funding goals.If you received value from this article, or just think the project has merit and want to support people building a more free and secure Internet, please consider donating a small amount to the Namecoin project.

Transactions

Namecoins are currently traded primarily for USD and other cryptocurrencies, mostly on online exchanges.To avoid the danger of chargebacks, reversible transactions, such as those with credit cards or Paypal, are not advised since Namecoin transactions are irreversible.

• How can I help ?

Donation are always welcome, but you can also help us translate the website.It’s really easy.Just add “?i18nextract=LANGUAGECODE” in the end of the url (for instance http://walletgenerator.net/?i18nextract=es for Spanish).You will see at the end of the page a pre-filled javascript array ready to be translated.Translate or correct it, and send it to us the way you prefer.

• Why should I make a donation ?

Donations money are used to pay our hosting service provider, but it’ll also be used to make walletgenerator.net more secure as we plan to organize a CrowdCurity campain as soon as we get enough money to pay for it.

Is namecoin popular?

The npm package namecoin receives a total of
1 weekly downloads.As such,
namecoin popularity was classified as

limited.Visit the
popularity section
on Snyk Advisor to see the full health analysis.

• I found a bug, what shall I do ?

You can report bugs using GitHub.You can also contact us using our Twitter account (@WalletGenerator).Just try to explain clearly what is wrong and we will try to fix the bug as soon as possible.

• How to use a paper wallet ?

Once you have generated and printed a wallet, you can send coins to the public address, like for any wallet.Store your paper wallet securely.It contains everything that is needed to spend your funds.Consider using BIP38 to secure your paper wallet with a password.

Can you send half of a coin to one address and the other half to another?

Yes.Just let us know and we will give you a price discount on the shipping for the other address.

How do we keep the coins clean and shiny?

The best way is to get a silver polishing cloth.You can get them at hobby lobby or even Walmart.They make the coins Very shiny.

How do I buy Namecoin?

It is not possible to buy all cryptocurrencies with U.S.dollars.Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S.dollars using Coinbase or BlockFi.Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Namecoin.

How do I mine Namecoin?

Namecoin and other SHA-256 coins can typically only be mined profitably with a piece of specialized mining hardware called an ASIC, which stands for application-specific integrated circuit.Major manufacturers of ASICs include BitMain (AntMiner), Microbt (Whatsminer), and Canaan (AvalonMiner).ASIC hardware can be purchased directly from the manufacturer or from resellers on Amazon and eBay.

• Who are you ?

We are just two random guy having fun with a side project.

WHAT IS NAMECOIN?

Namecoin or NMC is the first altcoin (alternative cryptocurrency to BTC) that was launched after Bitcoin with a max.supply of 21 million coins.It was first unveiled on the Bitcointalk forum on April 18 2011.

• How to spend the coins stored in a paper wallet ?

You will need to import your private key in a real client, that you can download from the currency website.The exact method to do that will depend on the client.If there is no integrated method, you can usually fall back to the debug console and use the command “importprivkey [yourprivatekey]“.

What does Namecoin do under the hood?

Namecoin was the first fork of Bitcoin and still is one of the most innovative “altcoins”.It was first to implement merged mining and a decentralized DNS.Namecoin was also the first solution to Zooko’s Triangle, the long-standing problem of producing a naming system that is simultaneously secure, decentralized, and human-meaningful.

What is the Reddit page for Namecoin?

The official Reddit community (subreddit) for Namecoin is r/namecoin.

How Does Namecoin Work?

Namecoin has two main products: NameID and the Dot-Bit DNS.

• Is it safe ?

We try to make it that way ! The core of the tool, that generate the keys is 99% the same as the well reviewed bitaddress.org.We only changed it to be able to generate addresses for different crypto-currencies.

Is this legal?

Yes! Turning coins into jewelry has always been a fine art.Penny smashers are an example.

How Is Namecoin Different From Bitcoin?

Namecoin features a number of similarities with Bitcoin, currently the top digital currency by market capitalization.(As of March 1, 2021, the market capitalization of Bitcoin is approaching $1 trillion, at $926.79 billion.The market capitalization of Namecoin is $22.02 billion.) Namecoin was developed as a fork of Bitcoin.A fork is a radical change to a network’s protocol that may be initiated for several different reasons.In the case of Namecoin, the fork was initiated to create a new technology and cryptocurrency offering.While the mining system for Bitcoin and Namecoin is identical, they have a separate blockchain.

What Is Namecoin?

At its core, Namecoin is a domain name registry service and was the first coin to fork Bitcoin.Similar to registering a .com or .io domain name, you register a .bit domain on the network.This domain is censorship-resistant and impervious to activity tracking.

Can I choose a state quarter or the date that I want?

Yes, we love to know what our customers prefer!
However, they only made each state quarter in one year so most of the time you can’t get the state and the year.Just let us know in the comment section if you want the state or the date and let us know if you want us to cut it on the head side or the tail side.Our state quarters have the year on the tail side.

What Is Namecoin?

Namecoin is a cryptocurrency originally forked from Bitcoin software.A fork is simply a change in a blockchain’s protocol.Namecoin is based on the code of Bitcoin with additional functionality built on top of it.Namecoin uses the same proof-of-work (PoW) consensus algorithm as Bitcoin.The two currencies are nearly identical.

WHAT CAN NAMECOIN BE USED FOR?

Namecoin protects free-speech rights online by making the web more resistant to censorship.It also attaches identity information (such as email, Bitcoin and Bitmessage addresses) to an identity of your choice.It also proposed ideas such as file signatures, voting, bonds/stocks/shares, web of trust, notary services, and proof of existence.

How does this affect you?

The chances are that 99% of the people reading this do not need to create a .bit website or service.However, information is power as the saying goes, and so it is important that you have the capability to access websites and email addresses on the .bit namespace.

What does it do?

Namecoin was the first fork of Bitcoin and still is one of the most innovative altcoins.It was first to implement merged mining and a decentralized DNS.

What do investment analysts think about Namecoin?

Weiss Research, an investment research firm that rates cryptocurrencies, has given Namecoin an overall rating of “D”, a technology and adoption rating of “D-“, and a market performance rating of “C-“.

Can you use coins from different countries?

Yes, we can.We have a large selection of them.Please ask and we will probably have the country you want! The price will differ depending on the metal of the coin and how hard it is to cut.Some coins we can’t cut.Our customers can also send us their coins if they wish.

WHAT IS NAMECOIN?

Namecoin is an experimental open-source technology which improves decentralization, security, censorship resistance, privacy, and speed of certain components of the Internet infrastructure such as DNS and identities.

HOW DOES NAMECOIN COMPARE TO BITCOIN?

Namecoin was the first fork of Bitcoin, and is still considered to be one of the most innovative ‘altcoins’.It was the first to implement merged mining and a decentralized DNS.

What is the DNS system?

While we’re all used to typing text addresses into our browser and email programs, such as coindesk.com, the Internet doesn’t run on text.The Internet actually works on numerical addresses called IP addresses, just in the same way we dial telephone numbers.The problem is that numbers are not easy to remember.Therefore, an Internet wide address book, called the Domain Name System (DNS), was created to make navigation much easier.

WHO CREATED NAMECOIN?

Namecoin was introduced by a developer name Vinced and merited by Bitcointalk forum users: OrgNasty, D5000, tsaroz, nutildah and Financisto.

Where can I get Namecoin wallet?

Namecoin produces its own wallet software that is available for download on its website, which allows you to store Namecoin on your computer.For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X.If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

How to Buy Namecoin?

As mentioned earlier, Namecoin does support NMC mining, so users can obtain NMC coin via merge-mining it with Bitcoin.Non-miner individuals can acquire Namecoin cryptocurrency by trading on a cryptocurrency exchange.

What is Namecoin?

Namecoin is a decentralized open source information registration and transfer system based on the Bitcoin cryptocurrency.

Is namecoin a currency?

It seems like a very cool way to decentralize a DNS table (name -> IP address, right?) But I don’t get why it has an exchange value to BTC or USD…

What is Namecoin?

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 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 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.

Do you ship Internationally?

Yes, we ship all around the world.

What is namecoin?

Communicate with namecoind via JSON-RPC.Visit Snyk Advisor to see a
full health score report
for namecoin, including popularity, security, maintenance
& community analysis.

What does Namecoin do under the hood?

Namecoin was the first fork of Bitcoin and still is one of the most innovative “altcoins”.It was first to implement merged mining and a decentralized DNS.Namecoin was also the first solution to Zooko’s Triangle, the long-standing problem of producing a naming system that is simultaneously secure, decentralized, and human-meaningful.

WHAT IS THE DIFFERENCE BETWEEN A BLOCKCHAIN AND A DATABASE?

There are several differences between a blockchain and a database, including the level of control.Blockchains are under a decentralized control, whereas a centralized database creates a dependent relationship between users and administrators.Users tend to prefer confidentiality, which is better achieved through a centralized database.Performance also differs, as a centralized database is able to compute information faster than blockchains.

How does decentralisation help?

A decentralised DNS system means that TLDs can exist which are not owned by anyone, and the DNS lookup tables are shared on a peer-to-peer system.As long as there are volunteers running the customised DNS server software for the rest of us, then we can always access any alternative domains.Short of seizing the physical servers, authorities cannot impose rules to affect the operation of a peer-to-peer top level domain.

What do you think about the Namecoin today?

Let us know by clicking the given button.

WHY USE A BLOCKCHAIN?

Using a blockchain ensures security and manages digital relationships as part of a system of record.

Is namecoin safe to use?

While scanning the latest version of namecoin, we found
that a security review is needed.A total of
0 vulnerabilities or license issues were
detected.See the full
security scan results.

What hashing algorithm does Namecoin use?

Namecoin is a proof of work (PoW) coin that uses the SHA-256 algorithm.

How can Namecoin and Bitcoin complement each other?

While the two digital currencies do not interact, they do rely on exactly the same set of mathematical problems.Therefore, the same hardware used to mine bitcoins can be used to mine Namecoins.Furthermore, there is process called merged mining, in which a mining machine is configured to query both block chains whenever it comes up with a possible solution to the cryptographic problems.The Dot-bit wiki describes this as entering two lotteries with the same ticket to increase the odds of winning.

What does this have to do with crypto-currency?

The model of Bitcoin involves a peer-to-peer system where participants are continuously validating a series of transactions without any central control.That model was directly applied to the domain name system by modifying the bitcoin protocol and the result was called Namecoin (NMC).In particular, a new genesis block was created, so that a whole new block chain would be created.This ensures that Namecoin and Bitcoin do not interact or interfere with each other.Secondly, the developers of Namecoin created several transaction types to reflect the needs of a new domain name system.Because of the shared heritage, there will only ever by 21 million Namecoins created, and 50 coins are generated for each solved block of crypto problems.

Why does this actually matter to end users?

Without a PKI that is resistant to hijacking and censorship, the security guarantees of TLS are fundamentally incomplete.Namecoin is a very promising blockchain project that can, in principle, be used with any PKI or DNS-like naming system.By removing third-party trust from the TLS PKI, users are protected from man-in-the-middle (MITM) attacks and domain name seizures.

What can it be used for?

For more information, as well as an immediately useable, binary version of
the Namecoin Core software, see https://www.namecoin.org/download.

Is namecoin well maintained?

We found indications that namecoin is an
Inactive project.See the full
package health analysis
to learn more about the package maintenance status.

What is Bit2Me Academy?

Online educational platform for professional content for the cryptocurrency industry and Blockchain technology.In your language, at your own pace and for free.

WHAT ARE ALTCOINS?

The term ‘altcoins’ is short for alternative coins.Given that Bitcoin was the first cryptocurrency to surface in the market, the other digital currencies that emerged are referred to as altcoins.

What is Namecoin?

Cwith the output of BitcoinMany people saw that the world was facing a technology that could revolutionize everything.The ability to create completely decentralized, secure and non-objectionable systems opened up the possibility for unique creations.All of them interconnecting and opening services to users around the world in a secure way.

WHAT IS BLOCKCHAIN?

A blockchain is a digital ledger recording cryptocurrency transactions, maintaining records referred to as ‘blocks’ in a linear, chronological order.

What technology is included in Namecoin?

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.

WHAT IS DISTRIBUTED LEDGER?

A distributed ledger is a database, digitally recording transaction information using cryptography, making it secure and unforgeable.

What coins are similar to Namecoin?

The following coins use Namecoin’s SHA-256 algorithm and proof of work (PoW) proof-type: Bitcoin, Bitcoin Cash, Bitcoin SV, Bitcoin Cash ABC, Steem, PIXEL, DragonVein, Crown, Color Platform, DAOBet, Terracoin, Zetacoin, ATBCoin, Dollarcoin and Alpha Coin.

What is the value of Namecoin?

One Namecoin (NMC) is currently worth $2.16 on major cryptocurrency exchanges.You can also exchange one Namecoin for 0.00003934 bitcoin(s) on major exchanges.The value (or market capitalization) of all available Namecoin in U.S.dollars is $31.83 million.

WHAT HAPPENED TO NAMECOIN?

Since its founding date, Namecoin hit its highest price peaks in November 2013 with USD 10.16 and in January 2014, it reached USD 7.53.

Why isnt Namcoin listen on exchanges?

Seriously, there is obviously some off the market sales of NMC going on and has gone on for YEARS! thus allowing the price of NMC to be supressed due to lack of liquidity and price discovery.

History of Namecoin

In 2014, Namecoin was a top 10 coin by market cap but has since fallen.