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Namecoin
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r/Namecoin
4.3k members
Namecoin is a blockchain that acts as a decentralized alternative to the DNS and public TLS CA's, which resists censorship, hijacking, and MITM attacks. Namecoin uses the .bit top-level domain. .bit domains are "special-use" (not part of the DNS; similar to .onion); hence, to resolve .bit domain names, one must have either a copy of the Namecoin blockchain (a full node such as Namecoin Core) or a lightweight SPV client (such as Electrum-NMC or ConsensusJ-Namecoin).
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r/Bitcoin
4.6m members
Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks. With Bitcoin, you can be your own bank.
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r/CryptoCurrency
5.5m members
The leading community for cryptocurrency news, discussion, and analysis.
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r/dogecoin
2.3m members
The most amazing place on reddit! A subreddit for sharing, discussing, hoarding and wow'ing about Dogecoins. The much wow innovative crypto-currency.
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r/BitcoinMining
88.0k members
The official bitcoin mining forum / subreddit / chat room / place to be!
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r/zeronet
7.5k members
decentralized p2p network with dynamic sites. discuss the network, its original implementation, forks and its future! relevant generic p2p discussions are also welcome
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r/WikiLeaks
174k members
r/WikiLeaks is a subreddit for discussion about WikiLeaks and their founding editor, Julian Assange, and related projects. Any content related to WikiLeaks or other suppressed information is welcome.
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r/darknetplan
54.3k members
Welcome to r/darknetplan
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r/OpenBazaar
9.3k members
An open source, decentralized marketplace for peer-to-peer commerce using cryptocurrency. No fees. No restrictions. Browse now @ https://openbazaar.com ----- Shop the official OpenBazaar store: ob://QmcUDmZK8PsPYWw5FRHKNZFjszm2K6e68BQSTpnJYUsML7
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r/QuarkCoin
3.8k members
Quark is a decentralized digital monetary system. It facilitates sending Quarks to Friends, Family Members Online Payments free of charges and charge-backs. Military Grade Encryption. No Bank or Government Control. Quark coins are based on the original idea of Bitcoin but improved, more secure, faster transaction times and zero fees. With improvements to design and security. There is also a greater coin supply with higher block rewards for miners. Quark is fully Open Source.
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r/CryptoMarkets
1.1m members
Crypto Market Analysis & Discussion. Demand and price, technical analysis, fundamentals, Bitcoin, Ethereum, token, volume, oscillator, RSI, stochastic, trend, trends, sentiment, strategy, coin, coinmarketcap, coingecko, messari, altcoin, blockchain.
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r/btc
1.1m members
When r/Bitcoin moderators began censoring content and banning users they disagreed with, r/btc became a community for free and open crypto discussion. This happened long before the creation of Bitcoin Cash. Today, r/btc users can discuss any Bitcoin-related topic without fear of moderator retaliation, while r/Bitcoin and r/CryptoCurrency are still heavily censored. Over the years /r/btc became community of historians & torchbearers, preservers of Satoshi's Bitcoin for future generations.
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r/bitmessage
2.8k members
Bitmessage is a P2P communications protocol used to send encrypted messages to another person or to many subscribers. It is decentralized and trustless, meaning that you need-not inherently trust any entities like root certificate authorities. It also aims to hide "non-content" data, like the sender and receiver of messages, from eavesdroppers. If Bitmessage is completely new to you, you may wish to start by reading the [whitepaper](http://bitmessage.org/bitmessage.pdf).
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r/peercoin
9.5k members
Peercoin is an efficient and sustainable, green cryptocurrency based on continuous limited inflation. It is the original pioneer of Proof of Stake.
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r/blackcoin
10.2k members
BlackCoin is a digital currency similar to Bitcoin. It is a pure Proof of Stake coin, except stage of initial distribution, when it was mixed PoW and PoS coin. For more info, go to http://blackcoin.org/
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r/namecoindev
20 members
Test subreddit in case /r/namecoin is unable to clean up the sock puppets.
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r/BigShot
307 members
Disney Plus Dramedy series starring John Stamos
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r/decentralizeweb
745 members
A place for discussion of the decentralization of web technologies.
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r/altcoin
220k members
/r/Altcoin is one of Reddit's original cryptocurrency subreddits, started 8+ years ago. Altcoins are generally considered everything but BTC - so even ETH, ADA and BNB are considered Altcoins.
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r/TOR
218k members
News and discussion about the Tor anonymity software. New to Tor? Please read the Tor FAQ!
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Posted by10 months ago

Namecoin was the first major altcoin (Initial release 18 April 2011, compared to Litecoin's Initial release 7 October 2011)

Most of its source code is composed of Bitcoin's source code. Its mining algorithm, balances, and issuance are being secured through SHA256, proof-of-work scheme

Just like bitcoin, its supply is limited to 21 million coins.

The main use case of this coin is to register .bit - top-level domains, Independent from (ICANN) organization and Domain Name System (DNS), and make Decentralized TLS (HTTPS) certificate validations, backed by blockchain consensus

It originates from a discussion started in September 2010, in the BitcoinTalk forum about a hypothetical system called BitDNS and generalizing bitcoin.

Gavin Andresen and Satoshi Nakamoto joined the discussion in the BitcoinTalk forum and supported the idea of BitDNS, and a reward for implementing BitDNS was announced on the forum in December 2010

It was also mentioned in the 2015 book called Mastering Bitcoin: Unlocking Digital Cryptocurrencies by Andreas M. Antonopoulos , and given 2 pages of it

The Github repository is regularly updated and being kept alive https://github.com/namecoin/namecoin-core

Somehow project came to a halt and by that I mean It fell out of popularity (Not that many parties use its services), the price and volume seems to be low

Picture 1 the price (About 1.54 $ per coin at the moment)

https://i.redd.it/rkammp301k381.jpg

Picture 2 Trading Volume

https://i.redd.it/drvn0ri71k381.jpg

You could see that as of December 4, 2021, It barely reaches 22 000 $ .

Picture 3

https://i.redd.it/fdkksnso1k381.jpg

The market capitalization is 22 mil. $ at the moment

The question is, How did this happen? What are the reasons that Namecoin came to the state of this?

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Posted by1 year ago
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Posted by1 year ago
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