Namecoin NMC

Namecoin is a cryptocurrency that also acts as an alternative and decentralized DNS

The Namecoin project has been developing since 2011 and during this period it has shown sufficient stability of development among users. The main guideline is on decentralization and support of independent transactions between participants.

Proof Type: Proof of Work (PoW) Algorithm: SHA-512 CMC Rank: 628

USD: $1.57
1h: ▼0.56% 24h: ▼0.16% 7d: ▼9.22%
BTC: 0.000040 BTC

All Time High: $13.11 11 years ago
Current price is -88 % from ATH

Market

Cap: $24 795 723
Vol 24h: $11 662 (0.05 %)

Supply

Circulating: 15 828 050 NMC (75.4 %)
Total: 21 000 000 NMC

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About Namecoin

This digital money appeared on the basis of Bitcoin as an alternative means of payment. The decentralization of the system was taken as a basis, as well as the creation of domain addresses that increase the advantage of using Namecoin. Domain registration is held by all users, paying for the creation of an account and periodically extending its validity. This forms additional guarantees of user responsibility, however, it also forms certain obstacles in the popularization of cryptocurrency. You can get Namecoin digital money in two ways - by purchasing from other users or mining. The mining algorithm is combined with Bitcoin, which allows you to simultaneously receive a reward for supporting both blockchains. At the same time, consistency with a Bitcoin blockchain provides the functionality of digital money data with additional safety and reliability. In the context of network decentralization, this makes cryptocurrency in demand for use in paying bills, transactions, and transfers.

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Twitter Stats

Followers: 20,737
Lists: 391
Favourites: 67
Update Frequency: 0.1 statuses/day
Created: 13 years ago