Namecoin

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What is Namecoin

Namecoin is a distributed naming system based on bitcoin technology (a cryptocurrency).

Namecoin is a peer-to-peer generic name/value datastore system based on Bitcoin technology (a decentralized cryptocurrency). It allows you to:

  • Securely register and transfer arbitrary names (keys), no possible censorship!
  • Attach values (data) to the names (up to 1023 bytes)
  • Trade and transact namecoins, the digital currency NMC

There are plenty of possible use cases. Some examples:

[Name] => [Value]
DNS: domain_name => domain_zone_configuration
Identity: user_name => user_public_identity (email, name, gpg key, etc)
Timestamping: document_hash => document_infos (name, hash, owner, etc)

To register a name, you must own some namecoins (NMC, the internal cryptocurrency used by the software).

Main features

  • distributed/decentralized: each user has its own copy of the full database
  • secure: security (with public/private keys) is deeply integrated in the software to allow only the owner of a name to modify it in the distributed database.
  • pseudonymous: all transfers of data are public and linked to random generated addresses
  • open: anybody can use namecoin to register a name or to create its own Namespace

First release of namecoin source code was announced on April 18, 2011.

Projects using Namecoin

  • Dot-BIT: a domain name system (DNS) using the .bit TLD.

Logo

Logo forum thread: http://dot-bit.org/forum/viewtopic.php?f=2&t=486

Phelix' suggestion: .svg, small bitmap for bright background, large bitmap for bright background

News

See Also


External Links

Retrieved from "http://dot-bit.org/Namecoin"
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