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What is Namecoin (NMC)?

Namecoin basic info

Name:Namecoin

Ticker:

NMCBuy now

Introduction:

What is Namecoin (NMC)?

Namecoin is a software that is based on the code Bitcoin uses with minor modifications. It is used to register domain names, but instead of registering a “.com” or “.org” website, users can register a “.bit” domain on the network. The software also stores associated values with that domain name in the blockchain, making these domains censorship-resistant. Users can query the database and retrieve data easily.

How does Namecoin (NMC) Work?

Namecoin is a protocol that aims to enhance the decentralization and speed of internet infrastructure components such as DNS and identities. DNS is a hierarchical naming system that functions like a phonebook for the internet. Namecoin securely records and transfers arbitrary names (keys) to translate internet domain names into IP addresses. The values associated with Namecoin domains are 520 bytes, and the block size limit ranges from 500kb to 1 MB. Blocks on the blockchain network occur every ten minutes on average.

Namecoin has several use cases, including decentralizing the internet and protecting online free-speech rights by making the web resistant to censorship. Additionally, Namecoin provides decentralized TLS certificate validation (like HTTPS), backed by blockchain consensus. TLS is a standard protocol that ensures authentication, privacy, and data integrity between two interacting computer programs. Finally, Namecoin enables users to access websites using the .bit domain.

What is the NMC Token?

To register a ".bit" website or other Namecoin names, users must obtain NMCs, the native coin of the Namecoin platform. Namecoin accepts registration fees in NMC, which can be obtained by purchasing NMC coins from an exchange or by mining them. A Namecoin wallet is required to store and manage NMCs. Namecoin uses a proof-of-work consensus mechanism to secure its network. One of the main benefits of Namecoin is its ability to decentralize the internet and protect online free-speech rights by making the web resistant to censorship. Additionally, Namecoin provides decentralized TLS certificate validation and enables users to access websites using the .bit domain.

Current price:

$1More price details

All-time high:$16.3

All-time low:$0.1634

NMC supply and tokenomics

Circulating supply:14,736,400 NMC

Total supply:14,736,400 NMC

Max supply:0 NMC

Market cap:$14.77M

Fully diluted market cap:$14.77M

Links

Website:https://www.namecoin.org/

Whitepaper:https://www.namecoin.org/resources/whitepaper/

X:https://twitter.com/Namecoin

GitHub:https://github.com/namecoin

Buy Namecoin for $1Buy NMC now

What is the development prospect and future value of NMC?

The market value of NMC currently stands at $14.77M, and its market ranking is #1056. The value of NMC is not widely recognized by the market. When the bull market comes, the market value of NMC may have great growth potential.

As a new type of currency with innovative technology and unique use cases, NMC has broad market potential and significant room for development. The distinctiveness and appeal of NMC may attract the interest of specific groups, thereby driving up its market value.

What will the price of NMC be in 2025?

Based on NMC's historical price performance prediction model, the price of NMC is projected to reach $1.23 in 2025.

What will the price of NMC be in 2030?

In 2030, the NMC price is expected to change by -12.00%. By the end of 2030, the NMC price is projected to reach $1.53, with a cumulative ROI of +56.91%.

Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of NMC and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

NMC price NMC price prediction NMC news

Is NMC worth investing or holding? How to buy NMC from a crypto exchange?

If you want to buy NMC, the following information may be helpful for your investment decisions:

In the last 7 days, the price of NMC has fallen by -9.26%, leading to negative returns for most NMC investors. The market is currently pessimistic about the price trend of NMC.

It is important to note that the current price of NMC has retreated by -93.85% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.

Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.

To decide whether NMC is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.

Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in NMC or any cryptocurrency comes with certain risks and uncertainties.

Regardless of your outlook on the development prospects and future trends of NMC, if you want to buy or sell NMC, you can consider Bitget for your trading needs. The best place to buy NMC is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.

Investing in Namecoin has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Namecoin. Here's a step-by-step guide on how to buy Namecoin on Bitget.

Buy NMC now Coin buying guide

How to get Namecoin through other methods？

Using cash to buy Namecoin is not the only way to obtain Namecoin. If you have the time to spare, you can get Namecoin for free.

Learn how to earn Namecoin for free through the Learn2Earn promotion.

Earn free Namecoin by inviting friends to join Bitget's Assist2Earn promotion.

Receive free Namecoin airdrops by joining ongoing challenges and promotions.

All crypto airdrops and rewards can be converted to Namecoin through Bitget Convert, Bitget Swap, or spot trading.

What is Namecoin used for and how to use Namecoin?

The use case of Namecoin may expand as the crypto market and the project itself develop. Currently, you can use NMC to achieve the following goals:

Arbitrage by trading NMC: Since NMC is a frequently traded cryptocurrency, the price of NMC is always fluctuating. Earn more NMC by buying low and selling high on the exchange. Bitget spot market provides a variety of NMC trading pairs to fully meet your needs.

Earn by staking NMC: You can also generate income through financial management methods such as staking NMC or lending NMC. Bitget Earn offers a variety of financial products designed to help you earn more income from your NMC.

Send or pay NMC: If you want to give NMC to your friends, a charity, or a fundraiser, or you want to pay someone with NMC, you can quickly and easily send NMC to the recipient through their payment address.

You can also go to the official website of the Namecoin project to learn more about the use cases of NMC. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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