Namecoin NMC

Namecoin is a blockchain technology that serves as a decentralized alternative to the traditional Domain Name System (DNS) and public TLS Certificate Authorities (CAs). It is designed to resist censorship, hijacking, and Man-in-the-Middle (MITM) attacks. Namecoin improves decentralization, security, censorship resistance, privacy, and speed of certain components of the Internet infrastructure, such as DNS and identities. It is an experimental open-source technology based on Bitcoin, utilizing a key/value pair registration and transfer system.

Namecoin is unique compared to other cryptocurrencies because it combines the functionality of Bitcoin with domain name system (DNS) capabilities, OpenID, and non-fungible tokens (NFTs). It allows users to attach data to names, transact with its digital currency (namecoins), and offers censorship-resistant and seizure-resistant domain names. Additionally, Namecoin implements merged mining and a decentralized DNS, addressing the long-standing problem of producing a secure, decentralized, and human-meaningful naming system. Its open-source technology improves decentralization, security, censorship resistance, privacy, and speed of certain components of the Internet infrastructure.