The problem is that, as seen with the Catalonia situation referred to
in Namecoin's tweet above, «standard» websites are vulnerable when central powers disagree with their content.
Not exact matches
As the website continued to grow, it started to add new currencies (such as Litecoin,
Namecoin and others) and
in May 2013 it became a Ripple gateway, and an official XRP reseller.
So it was
in the process of checking
Namecoin... that I found the issues.»
Back
in 2015
Namecoin looked extremely promising as a cryptocurrency but now
in 2017 the hype has lowered.
That said of all the coins listed thus far
in this article
Namecoin has performed the worst.
In April 2011,
Namecoin, the first altcoin, was created to form a decentralized DNS to make internet censorship more difficult.
Developed
in April 2011,
Namecoin was the first - ever altcoin.
To understand their aim, see this tweet from the
Namecoin team
in relation to recent events
in Catalonia:
Namecoin, one of the first altcoins, faced similar problems
in 2011.
«You'll be able to add
namecoin in a couple lines.
The problem that
Namecoin had to face is also a key reason why Litecoin's creator, Charlie Lee, decided to implement the Scrypt mining algorithm
in Litecoin, another early altcoin.
«We are more interested
in being able to store digital assets that either have some function, like Ethereum,
Namecoin, Factom, Maidsafe and things like that, or that have real world backing, such as company stocks, fiat - backed tokens or digital registry of physical assets like deeds to property,» Murashchik told Bitcoin Magazine.
Altcoins like Litecoin, Dogecoin, Darkcoin, and
Namecoin are just some of the widely used digital currencies other than Bitcoin
in the iGaming industry.
Having a reusable payment code attached to a
Namecoin - based username would be a move
in the right direction for the OpenBazaar system.
In September 2015, blockchain ID registrar Onename announced at Blockstack Summit NYC that they were copying the u / namespace on
Namecoin over to the Bitcoin blockchain using Blockstore.
Alternative cryptocurrencies have been an important part of the Bitcoin ecosystem for a long time; the first one to reach any prominence,
Namecoin, was first released
in early 2011, and since then many more have entered the stage.
In addition to bitcoin, the KeepKey wallet enables the storage and transaction of a variety of cryptocurrencies, including Ethereum, Litecoin, Dash, Dogecoin and
Namecoin.
Fun Fact: The first Altcoin was
Namecoin, which,
in addition to being a currency, acted as a distributed domain name registrar free from the control of any government, individual or group.
If you are someone who has a number of varied assets
in multiple cryptocurrencies like Ethereum, Litecoin, Dash, Dogecoin,
Namecoin etc
in your portfolio, this is an ideal wallet.
Formerly utilizing the
Namecoin blockchain, Blockstack began using the bitcoin
in 2016, later recounting its lessons learned
in a white paper.
Namecoin was created
in April 2011.
The Quark developers have made a post addressing this concern, saying that their currency is more fairly distributed than any other altcoin, showing that the percentage of all Quark units owned by the top 100 addresses (59 %) is actually right
in the middle of those of other major cryptocurrencies (cf.
Namecoin at 56 %, Litecoin at 48 % and Peercoin at 64 %).