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|1⁄1000||mNMC (Milli Namecoin)|
|1⁄1000000||µNMC (Micro Namecoin)|
|Initial release||18 April 2011|
|Latest release||0.17.0 / 7 October 2018|
|Block time||10 mins|
|Exchange rate||US$0.79 (as of 08 January 2019)|
|Market cap||US$11.7 million (as of 08 January 2019)|
Namecoin uses the Proof of Work (PoW) consensus system called "Merged mining", a process which reuses partial solutions to PoW problems from a parent cryptocurrency as valid proofs-of-work for a child cryptocurrency.
A 2015 study found that of the 120,000 domain names registered on Namecoin, only 28 were in use.
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