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Namecoin

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Posts about Namecoin

r/Namecoin

4.3k members

Namecoin is a blockchain that acts as a decentralized alternative to the DNS and public TLS CA's, which resists censorship, hijacking, and MITM attacks. Namecoin uses the .bit top-level domain. .bit domains are "special-use" (not part of the DNS; similar to .onion); hence, to resolve .bit domain names, one must have either a copy of the Namecoin blockchain (a full node such as Namecoin Core) or a lightweight SPV client (such as Electrum-NMC or ConsensusJ-Namecoin).

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r/namecoindev

23 members

Test subreddit in case /r/namecoin is unable to clean up the sock puppets.

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r/altcoin

220k members

/r/Altcoin is one of Reddit's original cryptocurrency subreddits, started 8+ years ago. Altcoins are generally considered everything but BTC - so even ETH, ADA and BNB are considered Altcoins.

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r/Bitcoin

5.8m members

Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks. With Bitcoin, you can be your own bank.

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r/CryptoCurrency

6.8m members

The leading community for cryptocurrency news, discussion, and analysis.

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r/TOR

252k members

News and discussion about the Tor anonymity software. New to Tor? Please read the Tor FAQ!

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r/dogecoin

2.4m members

The most amazing place on reddit! A subreddit for sharing, discussing, hoarding and wow'ing about Dogecoins. The much wow innovative crypto-currency.

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r/BitcoinMining

92.9k members

The official bitcoin mining forum / subreddit / chat room / place to be!

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r/WikiLeaks

177k members

r/WikiLeaks is a subreddit for discussion about WikiLeaks and their founding editor, Julian Assange, and related projects. Any content related to WikiLeaks or other suppressed information is welcome.

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r/darknetplan

54.5k members

Welcome to r/darknetplan

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r/zeronet

7.5k members

decentralized p2p network with dynamic sites. discuss the network, its original implementation, forks and its future! relevant generic p2p discussions are also welcome

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r/censorship

10.3k members

This sub is for government censorship from around the world.

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r/CryptoMarkets

1.5m members

A community for news and discussion about cryptocurrency finance.

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r/OpenBazaar

9.2k members

An open source, decentralized marketplace for peer-to-peer commerce using cryptocurrency. No fees. No restrictions. Browse now @ https://openbazaar.com ----- Shop the official OpenBazaar store: ob://QmcUDmZK8PsPYWw5FRHKNZFjszm2K6e68BQSTpnJYUsML7

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r/btc

1.1m members

When r/Bitcoin moderators began censoring content and banning users they disagreed with, r/btc became a community for free and open crypto discussion. This happened long before the creation of Bitcoin Cash. Over the years /r/btc became community of historians & torchbearers, preservers of Satoshi's Bitcoin for future generations.

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r/bitmessage

2.8k members

Bitmessage is a P2P communications protocol used to send encrypted messages to another person or to many subscribers. It is decentralized and trustless, meaning that you need-not inherently trust any entities like root certificate authorities. It also aims to hide "non-content" data, like the sender and receiver of messages, from eavesdroppers. If Bitmessage is completely new to you, you may wish to start by reading the [whitepaper](http://bitmessage.org/bitmessage.pdf).

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r/crix

14 members

Crix.io is an innovative cryptocurrency platform offering fast and secure trading in bitcoin and a host of alternative digital currencies. Along with bitcoin, Crix.io customers can trade in litecoin, digital cash, dogecoin, namecoin, peercoin, and nextcoin, with even more digital currencies to be added soon.

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r/peercoin

9.5k members

Peercoin is an efficient and sustainable, green cryptocurrency based on continuous limited inflation. It is the original pioneer of Proof of Stake.

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r/blackcoin

10.2k members

BlackCoin is a digital currency similar to Bitcoin. It is a pure Proof of Stake coin, except stage of initial distribution, when it was mixed PoW and PoS coin. For more info, go to http://blackcoin.org/

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r/ShowerCoins

237 members

For all your cryptocurrency related thoughts and musings

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r/snowden

18.7k members

While Edward Snowden has specifically requested that the story should not be about him, his story is indeed fascinating, and the actions that the United States is taking against him is very revealing in itself of the attitudes of the US administration. This is a subreddit for discussions about Edward Snowden, the NSA, Prism and all related issues.

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r/devcoin

321 members

The first subreddit that is related to the Devcoin project historically on Reddit.com. This is an "unofficial" but open community for everything Devcoin from fans to devs and former project participants. Any discussion is allowed here about open source projects. Any innovation is welcome. This forum is run by Daniel Treccia as the first active MOD in some time. I have left he official bounty paying roles of the current lead dev develCuy, but support his leadership of all software development.

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r/einsteinium

3.2k members

**About the Einsteinium Foundation** The Einsteinium Foundation was created to help, in any small way it can, raise funding for cutting edge scientific research. To this aim we created Einsteinium, a new crypto currency (similar to Bitcoin), to gather funds that can be distributed to projects the community chooses. Combined with donations from the community at large we will help fund some of the most innovative projects currently under-way or help seed those waiting to start.

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•Posted by2 years ago

How and Why did Namecoin die?

Namecoin was the first major altcoin (Initial release 18 April 2011, compared to Litecoin's Initial release 7�?October 2011)

Most of its source code is composed of Bitcoin's source code. Its mining algorithm, balances, and issuance are being secured through SHA256, proof-of-work scheme

Just like bitcoin, its supply is limited to 21 million coins.

The main use case of this coin is to register .bit - top-level domains, Independent from (ICANN) organization and Domain Name System (DNS), and make Decentralized TLS (HTTPS) certificate validations, backed by blockchain consensus

It originates from a discussion started in September 2010, in the BitcoinTalk forum about a hypothetical system called BitDNS and generalizing bitcoin.

Gavin Andresen and Satoshi Nakamoto joined the discussion in the BitcoinTalk forum and supported the idea of BitDNS, and a reward for implementing BitDNS was announced on the forum in December 2010

It was also mentioned in the 2015 book called Mastering Bitcoin: Unlocking Digital Cryptocurrencies by Andreas M. Antonopoulos , and given 2 pages of it

The Github repository is regularly updated and being kept alive https://github.com/namecoin/namecoin-core

Somehow project came to a halt and by that I mean It fell out of popularity (Not that many parties use its services), the price and volume seems to be low

Picture 1 the price (About 1.54 $ per coin at the moment)

https://i.redd.it/rkammp301k381.jpg

Picture 2 Trading Volume

https://i.redd.it/drvn0ri71k381.jpg

You could see that as of December 4, 2021, It barely reaches 22 000 $ .

Picture 3

https://i.redd.it/fdkksnso1k381.jpg

The market capitalization is 22 mil. $ at the moment

The question is, How did this happen? What are the reasons that Namecoin came to the state of this?

137 comments

187

•Posted by10 years ago

We need to support Namecoin

The relationship between Namecoin and Bitcoin are of a symbiotic nature. Namecoin uses Bitcoin's mining network via merged mining. Namecoin adds value to Bitcoin by answering one of the most difficult computer science challenges facing us in terms of achieving a free internet.

The problem with having a DNS protocol backed by a distributed system rather than centralized authority is speed. You need a lot of nodes to have such a system work in a reliable timely manner. Making a protocol is one thing, but giving people incentive to participate in the network well that's the challenge. Namecoin puts a monetary incentive for people to participate in the network which supports a DNS protocol backed by a distributed system. This means the FBI can't simply seize domains anymore.

Now I don't think Namecoin is as revolutionary as Bitcoin is, but it is certainly a heavy hitter.

There was a talk earlier this year when the Snowden/NSA thing broke. It was about how do we develop a secure/private internet. DNS was one of the largest problems they had to face. Not so much in developing a protocol that could meet the needs, but in so much in getting people to participate. I believe Namecoin is the answer to this problem.

If anyone can link to that talk I would be very grateful.

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156 comments

•Posted by28 days ago

Namecoin Was The First Altcoin To Be Created, The First Blockchain After Bitcoin But What Is Its State Now?

LEGACY

Namecoin Was The First Altcoin To Be Created, The First Blockchain After Bitcoin But What Is Its State Now?

Altcoins are something normal now and a dozen of them appear every day, some in the form of tokens, being only a contracts, others in the form of separated blockchains. But the first one to do it was Namecoin and it was the first cryptocurrency to appear after the creation of Bitcoin.

Namecoin is a naming system based on Bitcoin, domains can be bought and they will be attached to coins, every name is unique and has an expiration date that has to be renewed for the owner to maintain ownership. If the rules are not followed the transactions are rejected when the blocks are being validated. This was made to decentralized Domain Names (DNS) that are owned by big corporations, the domains are all .bit domains.

Namecoin was created in 2011 and the interesting thing is to see how the first ever altcoin is doing after so many time has passed.

The .bit domain has not been used a lot and the creator abandonned the project, leaving the development of the project to its community. Namecoin now is barely spoken and the project seems like dust in the wind. But what are the numbers of this coin? Lets take a look.

Namecoin has a maximum supply of 21 million coins like Bitcoin and is trading righ now at 1.37$. The all time high of this coin is 13.11$, achieved at the end of 2013.

The problem with this coin is its volume, it has a volume of 7800$ in the last 24h hours, it's really low and can be hard to trade it sometimes. Right now the only reputable exchange that trades Namecoin is Coinex and it's responsible for almost all the volume of Namecoin. This volume may come from miners who are capable of dual mining Bitcoin + Namecoin.

The technology behind it is still there but the market has moved on and Namecoin, the first ever altcoin, seems to be forgotten and seems to be only part of the history of cryptocurrencies. Now there are many decentralized domain services like ENS, but it was Namecoin that started it all.

64 comments

151

•Posted by10 years ago

Namecoin is currently 51% attack vulnerable right now.

I know this belongs in r/namecoin, but there isn't a lot of activity there, and I'm curious what they could do with this, as its all about a blockchain hopefully someone here can help me understand this a little better. Thanks in advance for anything I learn of this, it's fascinating to me.

Ghash.io has 54.4% nmc hashpower.

My original post...

http://www.reddit.com/r/Namecoin/comments/1v7ypd/namecoin_is_51_vulnerable_right_now_wont_this/

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122 comments

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•Posted by9 years ago