Namecoin Is Merge
The Bitcoin chain doesn’t get junked up with Namecoin stuff due to merged mining. At most, one tiny hash is inserted in the transaction tree. The two hash chains remain fully independent. The "Bitcoin stuff" that goes in the Namecoin tree is basically ignored and only used to validate the proof of work.
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The latest Tweets from Namecoin (@Namecoin). Building a censorship free web using Bitcoin technology. This official account is controlled by the Namecoin.
20/03/2018 · Combining that with the fact that it is merge-mined with Bitcoin, and is one of the oldest digital currencies, I expect that Namecoin will stick around for some time to come.
Top #Bitcoin AuxPow cryptocurrencies for merge mining: #Unobtanium, #Syscoin , #Namecoin, @unobtanium_uno•4 months ago•. 0. SYSNMCUNO.
Is it possible for namecoin and bitcoin to merge ? Firstly – is it possible ? 2nd – why would you ? could you pool all miners ? lots of questions but i would love to know? 5 comments. share. save hide report. 67% Upvoted. This thread is archived. New comments cannot be posted and votes cannot be cast.
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Namecoin uses a merged mining system, where miners can concurrently mine multiple blockchains. NMC can be mined in a standard proof of work protocol,
Every merged mining implementation has an auxiliary chain and a more established parent chain. To work together, both chains must share the same hashing algorithm. We’re going to examine one of the most popular merged mining pairs, Namecoin and Bitcoin, to explain the process.