Emercoin provides a service for storing name->value pairs in its blockchain (Name-Value Storage, NVS). The initial idea has been borrowed from the NameCoin cryptocurrency yet while NameCoin is mostly focused on supporting decentralized domain zone *.bit in their extension, Emercoin provides a universal, extensible service to store and maintain name->value pairs without imposing a narrow specialization.
Emercoin stores data in the blockchain by a set of name->value pairs:
- name - label for the stored data, up to a length of 512 bytes.
- value - the data itself, up to a length of 20*1024 (20kb).
Emercoin allocates up to 20kB for value, enough to fit public keys for most modern cryptographic applications. We consider a cryptocurrency blockchain to be an extremely reliable place to publish and maintain public keys for many cryptographic applications such as SSH/SSL certificates. Like regular payment transactions, NVS pairs stored in the blockchain also get confirmations during block generation, and are virtually immune to being altered in a Man-In-the-Middle attack.
Since the blockchain is a trusted data store protected from unauthorized modification it is a great foundation for the deployment of cryptographic Public Key Infrastructure (PKI), Digital Proof-of-Ownership (DPO), immutable recordkeeping, timestamps, and other distributed services.
The Emercoin blockchain will accept NVS pairs without any restrictions to the data format of either the name or value. However, for standardization purposes we recommend the following format for names:
Each NVS pair has its owner. Each owner is specified by the Emercoin payment address stored together with the pair. Only the owner of the payment address is able to modify or delete the pair, or transfer ownership to another address. When a new pair is created, a new payment address for the pair is created in the local wallet.
While you are free to create your own services using Emercoin's NVS, we recommend using the following supported service abbreviations:
|Service abbreviation||Service description||Further info|
|ssh||SSH public key||EMCSSH|
|gpg||GNU PGP public key|
|kx||RFC2230 public key|
|bls||BLS digital signature public key|
|lnx||Advertising Link Exchanger||EMCLNX|
|magnet||BitTorrent magnet links||EMCMAGNET|
|swift||Bank's branch info for SWIFT transfers|
Managing NVS entries
Managing NVS entries with the GUI
The "Manage Names" tab includes the following elements:
- name: If this NVS entry will be used with a particular service abbreviation (dns:, ssl:, ssh:, etc) then characters allowed by the appropriate service prefix should be used. e.g.
- days: How many days to register the name (between 1 and 9999). Upon expiration, the name can be taken by another user.
- Operation type:
- NAME_NEW - create a new name.
- NAME_UPDATE - update values, change owner, or extend the registration.
- NAME_DELETE - delete a name.
- value: To be filled with the content to be associated with the name. The percentage indicator shows how much of the 20kb maximum space is used. This field can contain ANY type of data, although conventions should be observed when the name-value pair is to be used by a particular service. e.g.
- Import: This button allows you to choose any file (not more than 20kb), to be inserted in the value field.
- new address: To enter the EMC-address you wish to transfer the name to. Applicable only for the NAME_UPDATE operation.
- Submit: This button confirms the operation and submits the data to the Emercoin blockchain.
- Names in your wallet: This table displays a list of your names. Yellow fields indicate the name is pending or when less than a month remains before expiry. Red fields indicate expired names.
- Owned by me - displays only names owned by the wallet.
- Owned by others - displays names transferred to others.
- Expired - displays expired names previously owned by the wallet.
Managing NVS entries with the command line
Below is the list of emercoin-cli commands for managing NVS entries. Parameters in square brackets [ ] are optional.
- name_new <name> <value> <days> [toaddress]
- Create an NVS pair and publish it into the blockchain.
- <days> : initial lease time in days.
- name_update <name> <value> <days> [toaddress]
- Update the value for an existing name.
- <days> : adds lease days.
- [toaddress] : transfer name ownership to another Emercoin address.
- name_delete <name>
- Delete an NVS pair from the blockchain (there is no refund for unused registration time).
- name_show <name>
- Retrieve an NVS pair and transaction info for specified <name>.
- name_list [<name>]
- List all matching NVS pairs belonging to the current wallet and those that were owned in the past. If <name> is not specified, then it lists all names.
- name_scan [start-name] [max-returned]
- List NVS pairs existing in the blockchain, returning <max-returned> entries (default 500).
- <start-name> : An integer. Skip this number of names. This is useful to download the list in chunks.
- sendtoname <name> <amount> [comment] [comment-to]
- Send an EMC payment to the address associated with the specified <name>. For instance, send a donation to the owner of a EMCDNS address of a website you visit.
- <amount> : EMC amount, rounded to the nearest 0.01.
- <comment> and <comment-to> : will be stored in the local wallet, not in the blockchain.
- name_filter [regexp] [maxage=0] [from=0] [nb=0]
- Scan and filter names.
- [regexp] : apply [regexp] on names, empty means all names.
- [maxage] : look in last [maxage] blocks.
- [from] : show results from number [from].
- [nb] : show [nb] results, 0 means all.
- [stat] : show some stats instead of results.
- name_history <name>
- Look up the current and all past data for the given <name>.
note: The above list is simplified. More detailed info and NVS related commands are available in the emercoin-cli software itself.
The price of inserting data into the blockchain is computed by the formula:
p = sqrt(0.01 * R * y) + s / 128
- R = Current Proof-of-work reward, in cents (EMc).
- y = Lease time, in years. Available by 1 day fractions.
- s = key value size, in bytes. Division is integer, so for entries, less than 128 bytes, this price part is zero.
- The cost of creating a new name is equal to the cost of a 1 year lease.
For example, on Sep 30 2014 the PoW reward was 140EMC, or 14000EMC cents (EMc).
So if you wanted to lease a name (length 100 bytes) for 1 year, you would have paid 0.17EMC:
p = sqrt(0.01 * 14000 * (1[create new name] + 1[one year lease])) + (floor)(100 / 128) = 17EMc = 0.17EMC
All fees are "burnt" and become unrecoverable (transaction output is less than input).
Using an NVS name as a payment alias
It is possible to send EMC directly to a name, without knowing the address.
To create a name alias for payment address, just create an NVS pair with a specified unique name and any value. We recommend entering a text description as the value.
All payments to that name will be sent to the appropriate payment address, to which the name is registered. e.g:
emc name_new "folding@home" "Donation to support participants of folding@home project from Stanford University" 365
EmerBoard is a simple decentralized messageboard also using the Emercoin NVS.