NameCoin

Bitcoin and Blockchain Glossary

Namecoin: It was the first altcoin to appear and is designed to function as an alternative to the traditional domain name system (DNS for its signals in English). With the Namecoin platform, a user can register a domain ending in .bit through a proxy server.

#NameCoin

$BTC

" #fractalbitcoin " launched their mainnet a few hours ago.

It appears to be a hastily cloned copy of #Bitcoin❗ Core v24.0.1, with a few consensus tweaks and some code ripped off of #namecoin and #bcash .

The chain also started with a hefty and immediately spendable 50% premine.key changes:

- mix of standard PoW and merge-mined blocks
- 30 second target block time
- continuous difficulty adjustment, copied from bcash
- max supply of 210 million coins
- initial block reward of 25 coins per block
- halving every 2.1m blocks
- OP_CAT is activatedNote that the premine is 50% of the fully diluted supply of fractal bitcoin.

If everything goes to plan, it'll take miners two whole years (an entire fractal halving era) to eke out half of what the founders awarded themselves on day one.the fractal bitcoin litepaper has a lot of meaningless technobabble about "virtualization" and "recursively" "scaling in layers".

but the actual implementation bears very little resemblance - as far as I can tell, it's just another shitfork. (mononautical )