Namecoin vs. Bitcoin- Not just another Bitcoin clone

Namecoin vs. Bitcoin: Not just another Bitcoin clone [INFOGRAPHIC]

Namecoin vs. Bitcoin: Not just another Bitcoin clone [INFOGRAPHIC]

Namecoin vs. Bitcoin- Not just another Bitcoin clone

Namecoin vs. Bitcoin, side by side they look almost identical, with a few differences. Namecoin launched on April 18th, 2011, more than two years after Bitcoin. Namecoin also pales in comparison when it comes to market capitalization. According to coinmarketcap.com, #1 ranked Bitcoin has a market cap of $9.5 B and Namecoin comes in at #6 with $42.5 M.

The key difference is that Namecoin represent the .bit domain and acts as a DNS (Domain Name System). The top level domain, .bit, is decentralized and outside of the control of Internet Corporation for Assigned Names and Numbers (ICANN). Most of the 150+ altcurrencies in existence are based upon either Bitcoin’s SHA256D hashing algorithm (like Namecoin) or Litecoin’s Scrypt. Notable exceptions include both Ripple and the new altcoin known as NXT.

See also: Online reputation management: The ultimate guide [INFOGRAPHIC]

Namecoin vs. Bitcoin- Not just another Bitcoin clone [INFOGRAPHIC]

Do check out: Online reputation management: The ultimate guide [INFOGRAPHIC]

 

Is Namecoin just another Bitcoin clone?

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Resources

http://bitcoinexaminer.org/namecoin-bitcoins-more-useful-twin-infographic/

(Infographic source: Bitcoin Examiner Photo by screenshot.)

About Peter Trapasso

Used by Autodesk, venture capital, blockchain tech clients and more! Hire me for your social media marketing needs. Social Media Strategist + Influencer with 15+ years Marketing Experience. Backed over 400 #crowdfunding #apps #startups #Fortune500 100 most followed on Twitter in San Francisco. Massive Followers: Twitter 50,000, Google+ 10,000, Facebook 3,000, and Pinterest 4,100.

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