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Namecoin - [NMC] [SHA256] [Merged Mining] [message #48] Mon, 02 January 2017 02:36
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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

Available/Total Supply: 14.7 Million / 21 Million
Block Explorer:


[Updated on: Fri, 03 February 2017 01:51]

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