Namecoin

Namecoin

Namecoin is a cryptocurrency similar to Bitcoin, but differs in its ability to store data within its own blockchain transaction database.

Namecoin is a cryptocurrency that was introduced on April 18, 2011 that acts as a decentralized domain registry service and domain name system. Namecoin was the first fork of Bitcoin, and shares many properties associated with Bitcoin. The blockchain infrastructure of Namecoin allows its domain name registry service to be censorship resistant and unaffected by activity tracking issues associated with non-blockchain based domain registry services.

Just like Bitcoin, Namecoin uses the same source code, proof-of-work protocols, and is also limited to 21 million coins. Where Namecoin differs from Bitcoin is in its ability to store data on its own blockchain transaction database that is capable of storing data. Namecoin is used to register .bit domain names and store associated values on the Namecoin blockchain. Values stored by Namecoin are limited to 520 bytes and have a block size limit of between 50 kB and 1 MB.

The Namecoin domain registry service adds another layer of human readable information on-top of the Bitcoin source code called NameID. NameID is Namecoin's method of solving the problem of Zooko's triangle associated with Bitcoin, which provides security and decentralization but is not human readable.

Timeline

People

Name
Role
LinkedIn

Andrew Colosimo

Developer & Community Organizer

Brandon Roberts

Lead Porting & Reproducible Build Engineer

Cassini

OS X Maintainer

Daniel Kraft

Chief Namecoin Scientist

Jeremy Rand

Lead Application Engineer & Community Organizer

Peter Conrad

Linux Build Maintainer

Phelix

Lead Windows Developer & Community Organizer

Ryan Castellucci

Lead Security Engineer

Further reading

Title
Author
Link
Type
Date

What is Namecoin (NMC)? | Beginner's Guide

Steven Buchko

Web

Documentaries, videos and podcasts

Title
Date
Link

What is Namecoin? (Official)

September 8, 2014

Companies

Company
CEO
Location
Products/Services

References

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