Namecoin Receives Early Christmas Present - Discus Fish Donates 20,000 Namecoins for Funding
Just prior to the height of the holiday spirit, Namecoin developers got a special surprise in their wallets courtesy of not-so-secret Santa, Discus Fish. Also known as F2Pool, Discus Fish provided the developers with 20,000 Namecoins to fund a reimplementation based on mainline Bitcoin. According to the developer blog, Christmas officially came early for Namecoin. "What's more is that chief Namecoin scientist Daniel Kraft has been working so hard that the code is already usable! Indeed, Discus Fish has been using it in production for a few weeks." The code is still in the experimental....
Related News
The startup Onename made a big announcement on September 12 at the Blockstack Summit 2015. Co-founder, Muneeb Ali, revealed during his lightning presentation that the Namecoin network is not decentralized and the mining group Discus Fish controls 60-70% of its hashing power. In result, Onename will be switching from Namecoin’s blockchain to Bitcoin. During the Blockstack summit, Ali revealed this information to the crowd and explained the company's decision to the audience to move the project and its “32,000 uses” from Namecoin to the Bitcoin blockchain. Onename is a tool that had used the....
Onename, an open-source protocol provider which creates secure and trustless identities on the blockchain network has announced that the platform will switch from namecoin's blockchain to bitcoin at the Blockstack Summit 2015. The company's co-founder Muneeb Ali explained, "Namecoin is not secure," because of one mining pool's dominant control over the Namecoin mining network. According Onename co-founder Ryan Shea, one of China's largest mining pools Discus Fish (F2POOL) controls over 60% of the entire Namecoin network's hashing power. "A single mining pool has 67% of the hashpower on....
O Christmas Bit, O Christmas Bit. Your miners keep on working! O Christmas Bit, O Christmas Bit! Transactions keep on moving! Not only when the markets soar. But also when the bearwhales roar! O Christmas Bit, O Christmas Bit. Your miners keep on working! O Christmas Bit, O Christmas Bit. You've seen so much this year! O Christmas Bit, O Christmas Bit. The new year is so near! From IBM to Microsoft, From BitLicense to old Mt Gox! O Christmas Bit, O Christmas Bit! You've seen so much this year! O Christmas Bit, O Christmas Bit. The snow outside, it glistens! O Christmas Bit, O Christmas....
Namecoins are making a niche for themselves on the Internet with the .bit Top Level Domains. At the time of writing, there are more than thousands of registered .bit addresses. However, to use a Namecoin powered .bit domain name, one needs to be a Namecoin wallet holder. Also, currently only a few browser extensions/plugins, which you could get from FreeSpeechMe.org or sites like dotbit.me, can be used to access the .bit domain sites right from your default browser like Chrome or Firefox. The Internet of the Common people is different from that of the Internet of the technologically....
Mining pools serve a crucial yet relatively mundane role in the mining process by providing a focal point for hashing power and enabling small-scale miners to collaborate with others. If bitcoin mining is a competitive sport that pits miners against each other to discover new blocks and generate more bitcoins, then mining pools are the teams on which they play. Still, despite this importance, mining pools have not been the most transparent sector of the crypto economy. A brief look at a bitcoin mining network hash rate distribution shows three clear winners in the race to discover blocks.....