-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA512
Namecoin is a naming system based on bitcoin with a few modifications. It is inspired by the bitdns discussion and recent failures of the DNS.
The quick facts:
* This is a new blockchain, separate from the main Bitcoin chain
* Name/value pairs are stored in the blockchain attached to coins
* Names are acquired through new transaction types - new, first-update and update
* Names expire after 12000 blocks unless renewed with an update
* No two unexpired names can be identical
* Block validation is extended to reject transactions that do not follow the above rules
* The code is here:
https://github.com/vinced/namecoinInitially, two name spaces are defined - DNS and personal. The DNS name space is targetted towards a new distributed TLD, possibly .bit.
Here is how you can help:
* Compile and run namecoind.
* Do some mining. The starting difficulty is 512, so CPU mining is still viable.
* We need proxies, browser plugins and DNS servers created to act as a bridge between Namecoin and users.
!Vince
-----BEGIN PGP SIGNATURE-----
Version: GnuPG v1.4.10 (GNU/Linux)
iQEcBAEBCgAGBQJNqyz4AAoJEJz+siqjwOQOnU0IAKKIZk13qKFaXkVH0JSDkyov
AQNaYpML/017DrLBI+xsQLp88CpRQx10e/JUoqLV1UbJ+uB3hBtAUi05O03/U0wE
Q4tQbLOhnWt+ZcYYPXL1pf6fIo7clBV47ncuBLWWnRCkjLIF2kj9rs5muFFxgN4G
K6gq79xZFxwg2b2gGWaM5ZHlC513AQW68o+YpebofGyRM2yQHBrWCb0g/PC8bjsX
n33Xe4Ch0fj+3Apfc2Yv71+P6DLZU8oxL9xo8/FbG856wHdr2LEoh7Io4PiDIiYU
Y81MxvlpGDYKLomSsiI3w5stMyIVYEV6RNt4BVBND0x2n2XKFB8c2SmCHahnnkU=
=px0m
-----END PGP SIGNATURE-----
Lots of interesting new projects coming up, the competition is crazy. I will read more about you guys.