| 10−3 | mSIL (Milli SixEleven [coin]) |
|---|---|
| 10−6 | μSIL (Micro SixEleven [coin]) |
| 10−9 | nSIL (Nano SixEleven [coin]) |
| Symbol | SIL |
| Demographics | |
| Date of introduction | 17 September 2015; 1st fork ofNamecoin |
| User(s) | Worldwide |
| Valuation | |
| Production | about 611 thousand SixEleven coins are released as ageometric series, on average half the coin value every 2^18 blocks. |
It is a decentralised peer-to-peer Cryptocurrency on Namecoin technology that allows everyone to register names. Once a name is registered successfully, no-one can take it away from you without your consent. You can associate and publish data with it that everyone can be sure is originated from you but which can neither be forged nor censored by unauthorised attackers.
Despite of Namecoin, the information you associate and publish with your 611 name(s) are accessible worldwide by any device connected to the Internet resolving yourname.611.to.
611 (SixEleven)'s flagship use case is the anonymous second level domain
.611.to, which is functionally similar to .com or .net domains.
Each 611 (SixEleven) record consists of a key and a value which can be up to 520 bytes in size. Each key is actually a path, with the namespace preceding the name of the record. The key
d/myname signifies a record stored in the DNS namespace d with the name myname and corresponds to the record for the myname.611.to website. Like with Namecoin the content of d/myname is expected to conform to the DNS namespace specification.
The current fee for a new record is 0.1922 SIL, the fee for an update, renewal or transfer is 0.0611 SIL. Records usually expire after 108000 blocks (~375 days) unless updated or renewed, but within the first 108000 blocks records do expire already after current blocknum. Like withNamecoin, SixEleven [coins] used to purchase records are marked as used and destroyed, as giving the fee to miners would enable larger miners to register names at a significant discount.
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