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A Comprehensive Study on Namecoin

2022; International Journal for Research in Applied Science and Engineering Technology (IJRASET); Volume: 10; Issue: 9 Linguagem: Inglês

10.22214/ijraset.2022.46538

2321-9653

Alisha Gupta, Rishabh Chopda, Bhushan Chaudhary, Pratibha Dwivedi, Sangeeta Vhatkar,

Network Security and Intrusion Detection

Abstract: Financial transaction networks are among the world's biggest networks. The digital (crypto) currency network, such as Bitcoin, is a relatively new sort of financial network. Namecoin is a cryptocurrency that is based on Bitcoin and includes functionalities such as DNS. The Namecoin network has nearly 17 million edges and over 2 million nodes. The analysis of such a crypto currency network can aid in the modelling or prediction of future transaction network growth. We evaluated the Namecoin blockchain data in 7 six-month periods in order to analyse the transaction network graph over time. In comparison to Bitcoin, our data imply that user behaviour and development patterns are different [1]. "An experimental open-source technology that improves the decentralisation, security, censorship resistance, privacy, and speed of certain components of the Internet infrastructure, such as DNS and identities," according to Namecoin's definition.