Namecoin was the first fork from Bitcoin, and is a blockchain based peer-to-peer network which maintains a decentral ledger of registered names.
It is the convention, that when you register a Namecoin name starting with d/ that appropriate DNS resolution software would translate this information to a .bit address. E.g. d/myself would be resolved to myself....
I have some idea of what Namecoin was trying to achieve, but as of yet I've never seen it actually used. Is it being used for anything of significance yet, or are there plans by anyone to do so in the short to medium term?
If a distributed, first-come-first-serve domain name system for the .bit top-level domain (TLD) is significant, then yes, it has done ...
Not really. According to the Bitcoin Wiki:
Namecoin is an alternative distributed Domain Name System (DNS) on the
basis of Bitcoin software.
In contrast to a currency, according to Wikipedia
A much more general use of the word currency is anything that is used
in any circumstances, as a medium of exchange. In this use, "currency"
is a synonym ...
.bit domains are not recognized by ICANN, the company that runs the main internet DNS. This means that most operating systems have no support for them built-in.
So, to be able to visit .bit domains, you will have to do some configuration first. You basically need to let your computer know where to search for the IP address translation of the .bit domain, as ...
Well, the fact that it will be possible to implement features similar to Namecoin that it will become obsolete.
Bitcoin is intended as a currency and a payment system, while Namecoin is designed specifically as a DNS provider for .bit domain names.
The fact that Namecoin would be able to handle .com domain names, doesn't mean the currently employed ...
So the whole point of a name reg contract is not to send transactions, rather its sole purpose is to build up a database which other nodes can then query.
Ethereum smart contracts have immutable storage. This means that you can prove your primacy to a specific name, and other people can then reference that as part of a database.
What it comes down to is ...
First, NMC is not worthless, it have a value and is traded on bitparking ( https://exchange.bitparking.com/main ) and btc-e ( https://btc-e.com/exchange ), with decent daily trading volume; people saying nmc is worthless are just people wanting to attract you to other altchains( most of them being scams imo ) .
Second, namecoin is an opensource network, it ...
First, I'd like to note that Namecoin and Bitcoin are separate - they share a lot of code, but they have different blockchains and networks.
Let me talk about the problem that Bitcoin solves: double spending. It solves this by having nodes vote with their hashpower on what they think the most accurate picture of the network is. This creates an ordered list ...
As the Namecoin.info website states, "It allows you to . . . trade and transact namecoins, the digital currency NMC." So the simple answer is that yes, Namecoin is considered a currency, among other things.
The current domain name situation is a top-down hierarchy of trust where the top folks accredit those below until you get the registrar that you pay to ...
The disadvantage of merged mining is the additional coin daemons you have to run in the background. They all use disk space, memory, cpu cycles and bandwidth. A more annoying issue is that most of them are no longer maintained and have bugs. You may find that they crash frequently - at least namecoind does.
520 bytes for name_update to work
It should be twice that amount but there is some bug.
As you can read in the forum thread some planning is going on to increase it to 9kb.
Clients only need to track the currently valid information (there is an expiry date for domains, for example) and not all applications need all of the data stored in the chain. So, much like Bitcoin itself, application specific versions of the information stored in the blockchain will be used by most applications and they can use SCIP or distributed trust ...
Yes. So that the whole world can see it? Yes seems like a good idea.
The NameCoin block-chain is public, although you could encrypt it in the NameCoin chain, but why there? If you are scared to lose any privates keys you should work on your back-upping strategies, not uploading it to the public domain in the hope none will realize it is a ECDSA Bitcoin ...
The point of mining is to secure the blockchain. Before you mine, you must compose the block you are trying to find a nonce for. That block will include a transaction to pay you.
If you are merged mining Bitcoin and Namecoin, you do the following:
1) You compose the Namecoin block you are trying to find a nonce for. This includes a transaction to pay you ...
with p2pool at least for the coins are 'merged' mining you cannot reconfigure them to go to any other account except for the default account of that wallet. However you may be able to work around this in one of the following ways depending on your coding ability.
Monitor P2Pool logs and trigger script
Watch the p2pool logs and when a block is found trigger ...
Just checked, and there is a significant lack of wallets just a few months later. The only one that seems active at all is the command-line wallet. The YouTube link below can help you identify the NMC wallet's address from the command prompt in Windows, and the other link is to the page where you can download the NMC wallet's software.
BTC-e.com doesn't ...
I'm not an expert on Namecoin, but from what I understand, Namecoin works by introducing a few new types of transactions to the Bitcoin formula used for handling domain registration. After that you just need some mechanism of extracting the domain names from the blockchain and that should be enough for Namecoin to work.
Despite being an interesting and fun problem, it will be likely pointless, due to arbitrage.
Since there is at least an open exchange supporting each currency, and since we can safely assume there is at least one single bot or person exploiting arbitrage, you will most likely get the same value for every currency.
Crypto Street is a platform launched to do exactly this. We support BTC, LTC and FTC for now. We plan to add additional altcoins as they prove viable or in some way substantial.
(DISCLAIMER: I am one of the owners of the site).
I realize that this is a very old question, but I think it makes sense to give an update nevertheless. Recently, a port of the Qt-UI for Bitcoin has been done also for Namecoin. It provides full support also for name operations and even configuring domains directly without the need to come up with the correct JSON strings.
The new Namecoin-Qt is available ...
Bitcoins and Namecoins can be mined at the same time, because the underlying algorithm is the same. But you can not mine Litecoin and Bitcoin at the same time without the loss of hashes/sec, because it uses different crypto algorithms. Therefore I highly doubt that there is something like you have claimed in your question.
BTW, there is a pool where you can ...
I'd check out the python library Coinkit - it's for generating cryptocurrency wallets (Bitcoin, Namecoin, Litecoin, Peercoin, Primecoin, Dogecoin and a bunch of others are currently supported).
Just do "pip install coinkit".
If you fake the bitcoin blocks, then you will be mining only namecoins and no bitcoins, so you are losing 99% of your mining income.
You can't just mine at a height above the current namecoin blockchain. Remember that it is a chain. Each block has to link to the previous one. If you want to mine at namecoin height X which is thousands of blocks above the ...
At the time of asking, this functionality wasn't supported in Namecoin. I've written a patch that adds this and a few other properties to Namecoin's getblock RPC call.