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About Namecoin (NMC)
Market Capitalization$24.79 million
Coin or TokenCoin
Number of Exchanges11
Official Website (Alt)N/A
Message Board (Alt)N/A
Namecoin (NMC) Frequently Asked Questions
What is Namecoin?
It is based on the code of bitcoin and uses the same proof-of-work algorithm. It is limited to 21 million coins. Each Namecoin record consists of a key and a value which can be up to 520 bytes in size. Each key is actually a path, with the namespace preceding the name of the record. The key d/example signifies a record stored in the DNS namespace d with the name example and corresponds to the record for the example.bit website. The content of d/example is expected to conform to the DNS namespace specification. The current fee for a record is 0.01 NMC and records expire after 36000 blocks (~200 days) unless updated or renewed. Namecoins used to purchase records are marked as used and destroyed, as giving the fee to miners would enable larger miners to register names at a significant discount. (Description provided by CryptoCompare)
What exchanges can I buy or trade Namecoin on?
How do I buy Namecoin?
It is not possible to buy most cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum and Litecoin can be purchased with U.S. dollars using Coinbase. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance or Changelly to purchase other cryptocurrencies, including Namecoin.
Where can I get Namecoin wallet?
Namecoin produces its own wallet software that is available for download on its website, which allows you to store Namecoin on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano S. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Jaxx or Coinomi to store multiple cryptocurrencies with some added security benefits.
What is the value of Namecoin?
One Namecoin (NMC) is currently worth $1.68 on major cryptocurrency exchanges. You can also exchange one Namecoin for 0.00021857 bitcoin(s) on major exchanges. The value (or market capitalization) of all available Namecoin in U.S. dollars is $24.79 million.
What hashing algorithm does Namecoin use?
Namecoin is a proof of work (PoW) coin that uses the SHA-256 algorithm.
How do I mine Namecoin?
Namecoin and other SHA-256 coins can typically only be mined profitably with a piece of specialized mining hardware called an ASIC, which stands for application-specific integrated circuit. Major manufacturers of ASICs include BitMain (AntMiner), Butterfly Labs, Canaan (AvalonMiner), FutureBit and GridSeed. ASIC hardware can be purchased directly from the manufacturer or from resellers on Amazon and eBay.
What coins are similar to Namecoin?
The following coins use Namecoin's SHA-256 algorithm and proof of work (PoW) proof-type: Bitcoin, Bitcoin Cash, Steem, Unobtanium, Counterparty, Crown, CHIPS, ATBCoin, Terracoin, UnbreakableCoin, Zetacoin, Titcoin, Dollarcoin and SoonCoin.
What is the Reddit page for Namecoin?
The official Reddit community (subreddit) for Namecoin is r/namecoin.
MarketBeat Community Rating for Namecoin (NMC)MarketBeat's community ratings are surveys of what our community members think about Namecoin and other cryptocurrencies. Vote "Outperform" if you believe the stock will outperform other cryptocurrencies over the long term. Vote "Underperform" if you believe the stock will underperform other cryptocurrencies over the long term. You may vote once every thirty days.
Namecoin (NMC) Price Chart for Monday, July, 23, 2018
Namecoin (NMC) Search Trends
There is a correlation between price appreciation and public interest in cryptocurrencies, such as Namecoin. Many cryptocurrency investors use Google Trends, which measures the volume of web searches for a particular topic over time, as a tool to gauge whether public interest is increasing or decreasing for a particular cryptocurrency. The chart below shows how search volume has changed for the phrase "Namecoin" over the last 90 days.
Namecoin (NMC) Website Traffic
Namecoin (NMC) Social Media Trends
Namecoin (NMC) News HeadlinesNo headlines for this company have been tracked by MarketBeat.com