About NameCoin
Namecoin is an experimental open-source technology which improves decentralization, security, censorship resistance, privacy, and speed of certain components of the Internet infrastructure such as DNS and identities.(For the technically minded, Namecoin is a key/value pair registration and transfer system based on the Bitcoin technology.)Bitcoin frees money – Namecoin frees DNS, identities, and other technologies.Namecoin was the first fork of Bitcoin and still is one of the most innovative “altcoins”. It was first to implement merged mining and a decentralized DNS. Namecoin was also the first solution to Zooko’s Triangle, the long-standing problem of producing a naming system that is simultaneously secure, decentralized, and human-meaningful.