What is Namecoin?

"Namecoin is an experimental open-source technology which improves decentralization, security, censorship resistance, privacy, and speed of certain components of the Internet infrastructure such as DNS and identities."

- Namecoin.org
...
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General

TICKER SYMBOLS
NMC
AGE
8 years old (April 18, 2011)
CURRENT PRICE
$0.698634
Updated 25 seconds ago via cryptocompare.com
CHEDDUR ALL TIME HIGH
$8.22
Last year
CIRCULATING SUPPLY
14,736,400 coins
Updated 5 minutes ago via coinmarketcap.com
MARKET CAP
$10,295,346
Updated 4 minutes ago
CREATOR
Vincent Durham

Technical

BLOCKCHAIN / LEDGER
Uses own
MONETARY POLICY
Maximum Supply (21,000,000 coins)
PRE-MINED / RESERVED
No
CONSENSUS MECHANISM
Proof of Work (PoW)
MINEABLE / STAKEABLE
Yes
AVERAGE CONFIRMATION TIME
10m
CURRENT BLOCK REWARD
25 coins
HASHING ALGORITHM
SHA-256
1
namecoin (NMC)
0.001
milli namecoin (mNMC)
0.000001
micro namecoin (µNMC)
1E-8
swartz

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