Bitcoin and digital asset exchange Kraken has ceased Namecoin trading form the exchange after determining that the currency did not warrant the effort to continue support due to low trading volumes.Kraken has revealed that it will not continue to keep or support Namecoin, following an assessment of supported coins in its exchange prior to making certain technical upgrades.A blog post by Kraken explains that the exchange had to “reassess which coins were worth keeping and which would be worth the additional effort to continue to maintain.” In making the assessment, it was determined that Namecoin did not make the cut, due to low trading volumes for the currency.As a result of the lack of trading, Namecoin was delisted from Kraken on May 23.An excerpt from the blog read: It is no longer possible to deposit or trade Namecoin on the exchange and clients with Namecoin balances should withdraw their funds as soon as possible.At its peak, Namecoin had amassed a market cap of over $97 million, a high achieved in November 2013 by the currency.

Currently, the currency holds a market cap of just over $5 million, according to Coinmarketcap.Kraken insisted that Namecoin’s delisting does not reflect on the “merits of Namecoin as a digital asset.” The exchange claimed to be supporters of Namecoin for a long time and stuck to supporting the token through merged mining and a trying time when a fundamental flaw was discovered within Namecoin.At the time, Namecoin which is the basis for a decentralized domain name system (DNS), was found to contain a flaw which potentially allowed any ‘.bit’ domain to be compromised, by anyone.Namecoin has seen a marked decrease in trading and market cap since its 2013 highs.Brief respite followed toward mid-2015 but the decline continued soon after, despite the near zero-trading fees offered by exchanges like Kraken.“Unfortunately, this was not enough to garner the loyalty of the Namecoin trading community, and subsequently the revenues from trading Namecoin,” Kraken explained before adding that the currency did not justify continued support.

Login PASSWORD RESET Back to Login LOG IN Digital Revolution is around the corner.Today DECENT announced the launch date of their Mainnet Russian Gaming Week 2017: Results Financecloud API – Finance as an App Stockholm will host the first large conference on cryptocurrency and blockchain Aeternity raises over 23.80 million CHF in Phase 2 Contribution Campaign.Mainnet in 2018 Q1 Legaltech startup Agrello to develop on Ethereum, announces compatibility with additional blockchain environments Emercoin blockchain to host the document flow of the first cryptocurrency bank Saint Petersburg will host a crypto industry exhibition of software and hardware Cloak team progressing on wallet 2.1.0.0; Major improvements and opening source VOISE ongoing crowdsale reached minimum funding target; team announced platform development start dateUser's tweets Both Peercoin and Namecoin broke out during this week.The two crypto-currencies tested their multi-year highs yesterday but have since fallen back a bit.

Read more... Litecoin broke above last month’s high and almost hit the $50 round figure.Bitcoin, on the other hand, traded mostly range-bound during the past week.Here’s undeniable proof that Bitcoin is on to something big: it’s inspired more than 140 copycats.From AnonCoin to Zeuscoin, a veritable alphabet of cryptocurrency has popped up in the wake of Bitcoin’s mainstream success, mostly in the past two months.bitcoin spicerAnd while most of us think of ripoffs as just that, some Bitcoin clones are gaining serious traction.See also: What The Bitcoin Bubble Really Says About The CryptocurrencyWhether you think Bitcoin is the next big thing or just a flash in the pan, the prevalence and popularity of its alternatives show Bitcoin’s evident effect on our willingness to accept currencies that can be mined out of bits of computer code.smiling dave bitcoin

Here are just a few of them:Currently, litecoin is the strongest alternative to Bitcoin.In late November the total value of litecoin in circulation surpassed a billion dollars.As of this publication, one litecoin is worth about $30, which makes it a far more affordable alternative to Bitcoin right now.Just like Bitcoin, litecoin is a cryptocurrency mined from the blockchain, and there is a limit (84 million) to how many litecoins will ever be mined.bitcoin build osxThe difference is that, while Bitcoin aficianados can expect to pay around $10,000 a pop for tools to mine Bitcoin, litecoin can be mined just as efficiently with consumer-grade hardware.litecoin wallet guideHot on the heels of litecoin, the total value of Namecoin in circulation passed $100 million the same day a single Bitcoin was first worth $1000.bitcoin visa electron

One Namecoin is worth about $8.50, and there will be no more than 21 million Namecoins ever in existence.Namecoin takes Bitcoin’s promise of privacy to the next level.In this way, Namecoin is operating outside the bounds of the Internet as we know it, and therefore outside the influence of ICANN.Currently worth about $6.50, the total value of Peercoin in circulation recently became equivalent to $100 million.buy litecoin rigUnlike the other cryptocurrencies listed here, Peercoin is never expected to reach its mining cap, placed at 2 billion.bitcoin next block difficultyAccording to its creator, software developer Sunny King, this cap is only for “consistency checking” and can easily be raised if need be.bitcoin plus power minerPeercoin advertises itself as a safer, stronger Bitcoin.bitcoin buyer in nigeria

It shares much of its source code with Bitcoin, but claims to be more powerful because it lacks a mining cap.King says this makes Peercoin better mimic gold, which doesn’t have a known money-supply cap either.Primecoin is the second cryptocurrency invented by Sunny King.It’s currently worth about $5.50 with an $18 million total circulation equivalency.Primecoin gets its name from the unique algorithm used to mine it.Bitcoin miners use a hashcash algorithm, which acts as a proof-of-work to verify legitimate Bitcoins and eliminate duplicates.Primecoin miners, on the other hand, look for Cunningham chains, long strings of prime numbers.As it turns out, increasingly enormous prime numbers are exceedingly valuable for RSA encryption, which allows two users to pass secret messages back and forth, and has been the standard for confidential message encryption since the 1970s.Developed in October 2013, Quark is one of the youngest Bitcoin alternatives.The total value of Quark in circulation is equivalent to $50 million, but one Quark is worth just $0.20.

Relatively similar to Bitcoin in most other ways, Quark drastically improves on Bitcoin’s security measures by using nine rounds of secure hashing from six different algorithms.For comparison, Bitcoin uses just two rounds.That makes Quark one of the most secure competitors, and its accessible open source code should keep it that way.Worldcoin is less than a year old, but has a total circulation value equivalent to $18 million.One worldcoin is worth $0.60 as of this writing.Like many of the others on this list, Worldcoin is very similar to Bitcoin excepting improvements in one area.In this case, it’s speed.Worldcoin has a 30-second transaction time, making it 20 times faster than Bitcoin.While it could take all day for your Bitcoin transaction to be verified a dozen times, Worldcoin transactions are fully verified in 60 seconds.Bitcoin has opened the floodgates to cryptocurrency transactions, but the fact that people are adopting its spinoffs in such large numbers shows that it isn’t perfect.