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Title: Anyone want to explain Namecoins Post by: ianbakewell on August 21, 2012, 10:26:26 AM I tried to read up on these, but the information is all in geek speak and fragmented.
Any website out there that breaks down how these work? Friendly client? Exchanges? Help a noob understand how to best utilize these. I love the idea of a distributed DNS, government cant steal your domain name... but I need a place like http://www.weusecoins.com/ to explain this. Title: Re: Anyone want to explain Namecoins Post by: lucif on August 21, 2012, 10:53:54 AM They provide a DNS-like unreversable records in a form of "garbage" of bitcoin-like block chain. I.e. they write DNS records as "remarks" in transaction script data (https://en.bitcoin.it/wiki/Script).
This is the first distributed DNS and it is not ideal. However they first implemented Merged Mining. Title: Re: Anyone want to explain Namecoins Post by: koin on August 21, 2012, 04:22:43 PM I love the idea of a distributed DNS, government cant steal your domain name... just like bitcoin is the currency used by certain websites (e.g. glbse stock exchange), namecoin is the currency used by the dot-bit.org project. namecoin can be used to store key value pairs in the blockchain. dot-bit.org is one particular way namecoins are used. to date, it also happens to be the only service that uses namecoins. as far as exchanges, there are https://exchange.bitparking.com and btc-e. here's more info: http://namecoin.info |