Namecoin NMC Started Trading Low By 15.4% Over Past Week

Namecoin NMC cryptocurrency started trading 14.2 percent lower against the US dollar during the 1-day period and over the past week, Namecoin has traded 15.4 percent lower against the US dollar. Namecoin has a market cap of $7.23 million and about $7,305.00 worth of coins traded on exchanges in the past day as we are reading more in the Namecoin news today.

One Namecoin NMC coin can be purchased now for about One Namecoin NMC coin can be purchased now for about $0..
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49 or 0.0000498 BTC on crypto exchanges including Altcoin Trader, Cryptopia, YoBit, and C-Patex. Namecoin NMC is a proof-of-work coin that uses the SHA-256 hashing algorithm and its genesis date was April 13t, 2011. The total supply of the coin is 14,736,400 coins and the official Twitter account is @namecoin and the Facebook page is extremely accessible.

Namecoin NMC is based on the code of Bitcoin and uses the same proof of work algorithm and is limited to 21 million coins and Each namecoin record consists of a key and value which can be up to 520 bytes in size. Each key can be considered as a path with the namespace which precedes the name of the record. The example shows a record stored in the DNS namespace with the name example and corresponds to the record for the example. The content is expected to conform to the DNS namespace specification. Now, a fee for a record is 0.01 NMC and records expire after 36000 blocks or about 200 days unless updated or renewed.

Namecoin is used to purchase records that are marked as used and destroyed as giving the fee to miners which would enable larger miners to register names at a bigger discount. Namecoin can be bought or sold on these crypto exchanges: Livecoin, Bleutrade, YoBit, Tux Exchange, Poloniex and Cryptopia. It is not possible to purchase alternative cryptocurrencies such as Namecoin directly using US dollars so the investors are looking to acquire Namecoin through bitcoin first.

As per the other altcoin news, The most dominant cryptocurrency Bitcoin hits $10,000 today and 9 February is suddenly a day worth remembering in the 2020 calendar. For those of you who don’t follow our cryptonews regularly, today we finally see Bitcoin hitting the five-digit mark and reaching its highest level since October last year.