Namecoin Price, Chart, News, Tokenomics & Market Insights

Cryptocurrencies

Namecoin

NMC

$1.44

-0.43%

(24H)

Overview
Fundamentals
Technical Analysis
About Namecoin
FAQs
Guides

Fundamentals

Today's Low

1.43

$1.44

Today's High

1.45

Price & Market Stats

Namecoin Price	$1.44
24h High / 24h Low	$1.43 / $1.45
Trading Volume	$43,737.00
Price Change (24h)	-$0.01
Price Change Percentage (24h)	-0.432%

All-Time High	$13.11
All-Time Low	$0.00

About Namecoin

What Is Namecoin?

Namecoin (NMC) is the first fork of Bitcoin (2011) that pioneered decentralized domain name services—allowing censorship-resistant “.bit” registrations and also acts as a cryptocurrency. It extends Bitcoin’s UTXO model with a separate key-value namespace for storing and resolving human-readable names on-chain.

Who Are the Founders of Namecoin?

Created by Vincent Durham in 2011, Namecoin was inspired by the need to decentralize DNS and to add censorship resistance to web addressing.

What Makes Namecoin Unique?

Its built-in name registration system lets users register and update DNS-style records directly on the blockchain, no central registrar required.

How Is the Namecoin Network Secured?

Secured by Bitcoin-style Proof-of-Work (merged mining), where miners can concurrently mine both Bitcoin and Namecoin blocks, leveraging Bitcoin’s hashpower to protect Namecoin’s blockchain against 51% attacks.

What Is Namecoin’s Role in the Crypto Ecosystem?

Acts as a decentralized naming and identity layer, underpinning “.bit” domains, key-value data stores, and identity schemes that prioritize censorship resistance and self-sovereignty, while also functioning as a medium of exchange.

How Is Namecoin’s Technology Upgraded?

Protocol upgrades occur via Namecoin Improvement Proposals (NIPs) and soft forks, often activated when miner consensus is reached.

Who Are the Largest Corporate Holders of Namecoin?

As an open-source community project, there is no corporate treasur. Major NMC holdings reside with early adopters, miners running merged-mining rigs, and long-time community stakeholders.

Frequently Asked Questions

Is Namecoin Legal?

Yes. Namecoin is recognized as a utility cryptocurrency under most regulatory frameworks. Domain records may attract additional scrutiny where DNS is regulated.

Can Namecoin Be Hacked?

The underlying PoW chain is as secure as Bitcoin’s hashpower, but name-value records themselves can be overwritten if private keys are lost or leaked. Client-side wallet security is critical.