Namecoin

Logo Namecoin

Namecoin Information

Algorithm SHA-256
Proof type Proof-of-Work
Start date 19/04/2011
Coin Tag NMC
Website Namecoin

Information About NamecoinNamecoin is an experimental open-source technology, which improves decentralization, security, censorship resistance, privacy, and pace of distinctive components of the Internet infrastructure for example DNS and identities.

What can Namecoin are utilized for?

Protect free-speech rights online by way of making the net more resistant to censorship.
Connect identity data, for example, GPG and OTR keys and electronic mail, Bitcoin, and Bitmessage addresses to an identification of your alternative.
Human-meaningful Tor .Onion domains.
Decentralized TLS (HTTPS) certificates validation, backed with the aid of blockchain consensus.
Access websites making use of.bit top-degree domain.
Proposed ideas, for example, file signatures, voting, bonds/stocks/shares, internet of believing, notary offerings, and proof of existence.
Namecoin is a powerful science that permits any person to register arbitrary human-readable names in a thoroughly decentralized however however at ease trend. These names can be utilized to create online identities. With NameID, which you can immediately turn your Namecoin identity into an OpenID, and use it to conveniently signal into millions of OpenID-enabled internet sites!

Namecoin was once a primary form of Bitcoin and nonetheless is among most progressive “altcoins”. It utilized to be first to put in force merged mining and a decentralized DNS. Namecoin was once also primary option to Zooko’s Triangle, long-standing obstacle of manufacturing a naming method that is simultaneously secure, decentralized, and human-meaningful.

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