Price
$1.06
10/4/2022, 5:47:23 PM
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Market

Market stats

Market cap

$15.6M

Volume (24h)

$4,789.82

Circulating supply

14.7M NMC

All time high

$16.30

Price change (1h)

-0.27%

Price change (24h)

+7.99%

Price change (7d)

0%

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Namecoin is on the rise this week.

The price of Namecoin has risen by 0.00% in the past 7 days. The price increased by 7.99% in the last 24 hours. In just the past hour, the price shrunk by 0.27%. The current price is $1.061527 per NMC. Namecoin is 93.49% below the all time high of $16.30.

The current circulating supply is 14,736,400 NMC.

About

What Is Namecoin (NMC)? 

Namecoin is a fork of Bitcoin and is based on the code Bitcoin works on with relatively minor changes. Namecoin is software used to register domain names. The only difference is instead of registering a “.com” or “.org” website, the users can register a “.bit” domain on the network. The software also stores associated values with that domain name in the blockchain. Users can then query the database and retrieve data. These domains are censorship-resistant.  

Namecoin is an experimental protocol based on an open-source technology that improves the decentralization and speed of internet infrastructure components like DNS and identities. The Domain Name System (DNS) is a hierarchical naming system of the internet and works like a phonebook. The internet domain names are recorded and translated into IP addresses via DNS. Namecoin does it by securely recording and transferring arbitrary names (keys). Namecoin values are 520 bytes, and the block size limit ranges from 500kb to 1 MB. Blocks on the blockchain network occur every ten minutes on average. 

Namecoin offers various use cases:

  • Namecoin can decentralize the internet and protect online free-speech rights by making the web resistant to censorship. 

  • Namecoin also provides decentralized TLS certificate validation(like HTTPS), backed by blockchain consensus. TLS(Transport Layer Security) is a standard protocol that ensures authentication, privacy, and data integrity between two interacting computer programmes.

  • Namecoin can enable users to access websites using the .bit domain.

Namecoin uses a proof-of-workconsensus mechanism. NMC is the native coin of the Namecoin platform. Users need to obtain some NMCs if they want to register “.bit” websites or other Namecoin names. Namecoin accepts registration fees in NMC. To get NMCs, users need to have a Namecoin wallet and purchase NMC coins from the exchange. Users can also mine NMCs. 

History of Namecoin (NMC)   

The project was developed by a diverse international team of academics and volunteers who want to protect free speech online and decentralize the internet space. Daniel Kraft is the chief Namecoin scientist.The maximum supply of NMC is 21 million coins.

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FAQ

What is the current price of Namecoin?

The price of 1 Namecoin currently costs $1.06.

What is the market cap of Namecoin?

The current market cap of Namecoin is $15.61M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Namecoin?

The all-time high of Namecoin is $16.30. This all-time high is highest price paid for Namecoin since it was launched.

What is the 24 hour trading volume of Namecoin?

Over the last 24 hours, the trading volume of Namecoin is $4.79K.

What other assets are similar to Namecoin?

Assets that have a similar market cap to Namecoin include BIDR, VITE, HyperDAO, and many others. To see a full list, see our comparable market cap assets.

How many Namecoin are there?

The current circulating supply of Namecoin is 15 million.

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