NMC Price usd_namecoin Price today

NMC namecoin

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＄0.4159 +4.26%

Glob. Mkt Cap Rank： Unranked

2024-08-07:09:36:30update

24H High

3.0412

24H Turnover

5.84千万

Max Supply

0.0

24H TR

0.13%

24H Low

2.8841

24H Vol

19407.01

Curr. Issued

14736400.0

24H High-Low

+5.45%

ATH

116.31

Highest Mkt Cap

4.46千万

Circulating Supply

14736400.0

Dominance

0.00%

ATL

1.17

Mkt Cap (Float)

4.46千万

Circulating Supply

100%

Issue Date

2011-04-18

Introduction

Latest News

News Flash

Basic information

Full Currency Name	域名币/NMC
Currency Code	NMC
Coin Intro	"The Chinese name for NMC coin is Domain Name Coin, which is the token of the distributed domain name system, Namecoin, based on Bitcoin technology. It was issued in April 2011, with a maximum supply of 21,000,000 NMC. Namecoin is a distributed domain name system based on Bitcoin technology, characterized by its security and resistance to censorship. The concept of Namecoin is similar to Bitcoin, as it is based on Bitcoins codebase but uses a new blockchain separate from Bitcoin’s. The cost to register a Namecoin domain consists of two parts: network fees and transaction fees. These are paid in Namecoin (abbreviated as NMC). An initial registration costs 50NMC, with network fees decreasing by half every two months, meaning that within a year, network fees will gradually fall below 1NMC. The higher initial network fee is intended to set a higher barrier to entry early on, ensuring that there will still be plenty of domains available later on. However, over time, these fees become negligible after several years. Project Highlights: Decentralized domain name management. Currently, DNS resolution services are provided by centralized servers, and domain name registration services are controlled by administrative bodies, making them vulnerable to easy takedowns, such as when the US blocked the BTC-E exchange website. In contrast, .bit domains are decentralized and stored within the NMC blockchain network. Unless all nodes were found and destroyed (which is practically impossible), the domain would never “go missing.” This means that while the U.S. government could shut down btc-e.com, they could never close btc-e.bit. Founding Team and Background: Chief Scientist: Daniel Kaf. Daniel is a top C++ developer with a Ph.D. in mathematics from the University of Graz, Austria. He is also an identity application expert for Namecoin and the author of NameID, Bitmessage Namecoin integration, and OTR Namecoin integration. Chief Security Engineer: Ryan Castellucci. Ryan is the teams security and all-around expert, handling everything from web infrastructure to C++ development to crisis management. Chief Application Engineer and Community Organizer: Jeremy Rand. Jeremy holds a Masters degree in Computer Science and is a .bit application expert for Namecoin, working on codebases related to projects like TLS, Tor, and SPV. The current price of Domain Name Coin is $0.39214, with a 24-hour trading volume of $7659.94. Domain Name Coin has increased by 0.06% in the last 24 hours. Its market cap is not currently available. The circulating supply is 14.7364 million NMC out of a total supply of 21 million NMC."
Issue Date	1303084800000
All-Time High	$16.2967
All-Time Low	$0.00005425
Total Supply	21000000
Circulating Supply	14736400
Circulating Supply Percentage	0.7017333333333333
Market Cap	NaN
Fully Diluted Market Cap	$1.8673106666666667e-8
Mkt Cap (Float)	$
Circulating Market Cap % of Global Total
Listed on Exchanges	1
Official Link	https://www.namecoin.org/
Whitepaper	https://www.namecoin.org/resources/whitepaper/
Blockchain Explorer	"https://namecoin.webbtc.com/", "https://namecha.in/"
Telegram	"https://telegram.me/namecoin"
Github	https://github.com/Namecoin/namecoin-core
Twitter	https://twitter.com/Namecoin
FaceBook	https://www.facebook.com/namecoin
Reddit	https://www.reddit.com/r/namecoin

Currency Introduction

The domain coin (Namecoin, NMC) is an experimental open-source technology that provides functionalities similar to traditional DNS (Domain Name System) service providers, characterized by security, uncensorability, privacy, and speed. Namecoin was the first fork of Bitcoin and remains one of the most innovative "altcoins." It was the first to implement merged mining and decentralized DNS features.

1. Project Applications

Namecoin is the first fork of Bitcoin and still one of the most innovative "altcoins." It was the first to implement merged mining and decentralized DNS. Namecoin also provided the first solution to Zookos Triangle, a long-standing problem of creating a naming system that is simultaneously secure, decentralized, and human-meaningful. Specific applications include:

• Protecting online freedom of speech rights by making the web less susceptible to censorship.
• Attaching identity information (such as GPG and OTR keys, as well as email, Bitcoin, and Bitmessage addresses) to your chosen identity.
• Human-meaningful Tor .onion domains.
• Decentralized TLS (HTTPS) certificate validation backed by blockchain consensus.
• Accessing websites via the .bit top-level domain.
• Proposed ideas such as file signatures, voting, bonds/stocks/shares, webs of trust, notary services, and proof of existence.

2. Relationship Between Namecoin and Bitcoin

The Namecoin codebase consists of the Bitcoin codebase with relatively minor changes (approximately 400 lines) and additional features built on top. The mining process is the same, but the blockchains are separate, hence the creation of Namecoin. This approach was adopted because Bitcoin developers wanted to focus almost exclusively on making Bitcoin a viable currency, while Namecoin developers were interested in building a naming system. Due to the different expected use cases between the two projects, consensus and protocol rules may make sense for one but not the other. Examples of places where different protocols or consensus rules apply include:

• Namecoin’s consensus rules require the enforcement of name uniqueness. While data can be stored in Bitcoin (e.g., key/value pairs in OP_RETURN outputs), Bitcoin does not enforce uniqueness. In theory, it is possible to build a layer on top of Bitcoin that discards OP_RETURN outputs that do not respect uniqueness (e.g., name operations that steal someone else’s name), but miners would not enforce any such layer. If miners do not enforce transaction validity rules, Proof-of-Work does not back them up, meaning SPV-based lightweight clients cannot implement these validity rules.
• Consumers expect different fees for financial transactions versus name registrations, and due to the differing volumes of global financial transactions versus global name registrations, the optimal block size for Namecoin and Bitcoin may differ.
• Inflation attacks are fatal in currencies but are just spam or squatting attacks in naming systems: bad, but not nearly fatal. Therefore, decisions about features such as anonymity based on zk-SNARKs (which carries the risk of inflation attacks) might lead to different conclusions between Namecoin and Bitcoin.
• Some script features that make sense for Namecoin might not for Bitcoin, such as allowing scriptPubKeys to limit the scriptPubKeys of any spending transactions. In a naming system, features like this can make updating and revoking names more convenient and secure, but in a currency, they could undermine fungibility.
• The commitment of Coinbase to the name database can be enforced through Namecoin consensus rules, allowing the creation of SPV proofs that a name does not exist.
• Generally, Namecoin developers try to minimize the patch set against Bitcoin. If a feature can be implemented in Bitcoin, we attempt to add it to Bitcoin and then merge it into Namecoin. Namecoin introduces distinctions from Bitcoin only when the feature doesn’t make sense for Bitcoin due to differing use cases. Although Namecoin could theoretically be used as a general-purpose currency, Namecoin developers do not encourage using this use case. There are many cryptocurrency projects dedicated to this purpose (e.g., Bitcoin). If you are looking for a currency, you should use one of those projects.

Related Links:
https://www.namecoin.org/docs/faq/

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Development History