Namecoin (CURRENCY:NMC) traded up 6.3% against the dollar during the 24-hour period ending at 0:00 AM ET on October 24th.One Namecoin coin can currently be purchased for approximately $0.47 or 0.00003505 BTC on popular cryptocurrency exchanges.Namecoin has a market cap of $6.87 million and $7,295.00 worth of Namecoin was traded on exchanges in the last 24 hours.During the last seven days, Namecoin has traded 9.4% higher against the dollar.
Here’s how related cryptocurrencies have performed during the last 24 hours: Get Namecoin alerts: Bitcoin (BTC) traded up 2.4% against the dollar and now trades at $13,298.53 or 1.BTC.Bitcoin Cash (BCH) traded 1.6% higher against the dollar and now trades at $274.40 or 0.02063372 BTC.
Steem (STEEM) traded 0.4% higher against the dollar and now trades at $0.16 or 0.00001211 BTC.Unobtanium (UNO) traded 2.7% higher against the dollar and now trades at $82.03 or 0.00616830 BTC.
Counterparty (XCP) traded 1.3% lower against the dollar and now trades at $1.22 or 0.00009193 BTC.DAOBet (BET) traded 4.7% lower against the dollar and now trades at $0.0107 or 0.81 BTC.Crown (CRW) traded up 4% against the dollar and now trades at $0.0658 or 0.
495 BTC.Terracoin (TRC) traded 3.9% higher against the dollar and now trades at $0.0692 or 0.520 BTC.Color Platform (CLR) traded 0% lower against the dollar and now trades at $0.0100 or 0.
75 BTC.CHIPS (CHIPS) traded flat against the dollar and now trades at $0.0205 or 0.392 BTC.
Namecoin Coin Profile
Namecoin (NMC) is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm.It was first traded on April 19th, 2011.
Namecoin’s total supply is 14,736,400 coins.
Namecoin’s official website is www.namecoin.org .The Reddit community for Namecoin is /r/namecoin and the currency’s Github account can be viewed here .Namecoin’s official Twitter account is @namecoin and its Facebook page is accessible here .
According to CryptoCompare, “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.“
Namecoin Coin Trading
Namecoin can be purchased on these cryptocurrency exchanges: .
It is usually not currently possible to purchase alternative cryptocurrencies such as Namecoin directly using U.S.dollars.Investors seeking to trade Namecoin should first purchase Ethereum or Bitcoin using an exchange that deals in U.S.dollars such as GDAX, Changelly or Gemini.
Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Namecoin using one of the exchanges listed above.Receive News & Updates for Namecoin updates for Namecoin and related cryptocurrencies CryptoBeat newsletter .«.
