Namecoin ( Symbol: ℕ or NMC) is a cryptocurrency that aims to provide a decentralized DNS. Namecoin implements the  top level domain
, which is independent of
Other proposed use cases of Namecoin include
notary/ timestamp systems.
Namecoin uses the
Proof of Work (PoW) consensus system called "Merged mining", a process which reuses partial solutions to PoW problems from a parent cryptocurrency as valid proofs-of-work for a child cryptocurrency.
History [ edit ]
Techcrunch described Namecoin as a fork of the Bitcoin project, which instead uses the P2P network to build a decentralized domain name system that is less vulnerable to downages.
In 2014, Namecoin was mentioned by
ICANN in a public draft report as the most well-known example of distributing control and privacy in DNS.
A 2015 study found that of the 120,000 domain names registered on Namecoin, only 28 were in use.
References [ edit ]
Gibbs, Samuel (2013-11-28). "Nine Bitcoin alternatives for future currency investments". The Guardian. ISSN 0261-3077 . Retrieved . 2018-12-24
Kirk, Jeremy (2013-05-24). "Could the Bitcoin network be used as an ultrasecure notary service?". Techworld.
^ Alexei Zamyatin, 24 august 2017. Merged Mining: Analysis of Effects and Implications
"Ruxum: Wall Street Level Security Comes To Bitcoin With New Exchange". TechCrunch . Retrieved . 2018-12-24
"The Internet Corporation for Assigned Names and Numbers Identifier Technology Innovation – Draft Report" (PDF). ICANN. 2014-02-21.
^ Kalodner, H. A., Carlsten, M., Ellenbogen, P., Bonneau, J., & Narayanan, A. (2015, June).
"An Empirical Study of Namecoin and Lessons for Decentralized Namespace Design". In WEIS.
External links [ edit ]
Wikimedia Commons has media related to . Namecoin