From Just Solve the File Format Problem
Namecoin is a digital currency (of the Bitcoin vein) which is tied to an alternate decentralized DNS system using a .bit top-level domain name which can be registered through the same systems and protocols for trading Namecoins.
- Algorithm: SHA-256D
- Initial Block Reward: 50 Coins
- Target Block Time: 10 minutes
- Total Coins: 21,000,000