The First altcoin NAMECOINsteemCreated with Sketch.

in #steemit • 7 years ago (edited)

namecoin.png

In April 2011, Namecoin, the first altcoin, was created to establish a decentralized DNS to make Internet censorship more difficult. In October 2011, litecoin was released and became the first successful cryptocurrency to use scrypt as a hash function instead of SHA-256. This gives the community the ability to mine litecoins without purchasing certain hardware such as ASIC machines that are typically used to mine

The value of Namecoin for today is $1.79354520. It has a current circulating supply of 14.7 Million coins and a total volume exchanged of $90,400.7
But in 2013 the price is reaching it all time high $10.1 / namecoin

name.JPG

now it seems namecoin is loosing their fans
soon namecoin will be replace by young and strong coins if their "DEV" cant do anything about it
source : https://namecoin.org

read my other post about cryptocoins
short history of ripple coin (XRP)
Litecoin introduction
support me by upvote and comment below

#crypto #bitcoin #steemvoter #cryptocurrency
7 years ago in #steemit by
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