Namecoin

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File Format
Name Namecoin
Ontology
Released 2011

Namecoin is a digital currency (of the Bitcoin vein) which is tied to an alternate decentralized DNS system using a .bit top-level domain name which can be registered through the same systems and protocols for trading Namecoins.

Characteristics

  • Algorithm: SHA-256D
  • Initial Block Reward: 50 Coins (Halving every 50,000 blocks)
  • Target Block Time: 10 minutes
  • Total Coins: 21,000,000

Specs

Other links

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