Namecoin (CURRENCY:NMC) traded up 3.7% against the U.S.dollar during the 1 day period ending at 23:00 PM Eastern on January 18th.During the last week, Namecoin has traded 21.4% higher against the U.S.dollar.
Namecoin has a market cap of $8.28 million and approximately $2,306.00 worth of Namecoin was traded on exchanges in the last 24 hours.One Namecoin coin can now be purchased for approximately $0.56 or 0.00006138 BTC on major exchanges including Cryptopia, Bitsane, YoBit and Livecoin.
Here’s how related cryptocurrencies have performed during the last 24 hours:
Get Namecoin alerts: Bitcoin (BTC) traded up 2.7% against the dollar and now trades at $9,150.07 or 1.BTC.Bitcoin Cash (BCH) traded 8.2% lower against the dollar and now trades at $348.84 or 0.03811659 BTC.
Steem (STEEM) traded 22.5% higher against the dollar and now trades at $0.18 or 0.00001982 BTC.Unobtanium (UNO) traded up 1.6% against the dollar and now trades at $56.19 or 0.00614270 BTC.Counterparty (XCP) traded 9.9% higher against the dollar and now trades at $1.45 or 0.00015877 BTC.Color Platform (CLR) traded up 8.6% against the dollar and now trades at $0.0129 or 0.
142 BTC.Crown (CRW) traded up 0% against the dollar and now trades at $0.0483 or 0.529 BTC.
Terracoin (TRC) traded up 7.9% against the dollar and now trades at $0.0352 or 0.386 BTC.PIXEL (PXL) traded down 2.5% against the dollar and now trades at $0.0183 or 0.200 BTC.CHIPS (CHIPS) traded flat against the dollar and now trades at $0.0205 or 0.
392 BTC.
Namecoin Coin Profile
Namecoin (CRYPTO:NMC) is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm.It launched on April 18th, 2011.Namecoin’s total supply is 14,736,400 coins.Namecoin’s official Twitter account is @namecoin and its Facebook page is accessible here .The Reddit community for Namecoin is /r/namecoin and the currency’s Github account can be viewed here .Namecoin’s official website is www.namecoin.org .
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.“
Buying and Selling Namecoin
Namecoin can be bought or sold on the following cryptocurrency exchanges: Poloniex, Livecoin, SouthXchange, WEX, C-Patex, Bleutrade, Bittylicious, BX Thailand, Tux Exchange, YoBit, Trade By Trade, Bitsane, Cryptopia and Altcoin Trader.
It is usually not currently possible to buy alternative cryptocurrencies such as Namecoin directly using U.S.dollars.Investors seeking to acquire Namecoin should first buy Ethereum or Bitcoin using an exchange that deals in U.S.dollars such as Gemini, Coinbase or Changelly.Investors can then use their newly-acquired Ethereum or Bitcoin to buy Namecoin using one of the aforementioned exchanges.
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