A Comprehensive Study on Namecoin

EasyChair Preprint 7437

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. "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.

Keyphrases: Bitcoin, Crypto-currency, Internet, Namecoin, network

@booklet{EasyChair:7437,
  author    = {Alisha Gupta and Bhushan Chaudhary and Pratibha Dwivedi},
  title     = {A Comprehensive Study on Namecoin},
  howpublished = {EasyChair Preprint 7437},
  year      = {EasyChair, 2022}}