Namecoin (NMC)

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Namecoin (NMC) is a cryptocurrency and an alternative, decentralized DNS (Domain Naming System) allowing people to register a .bit domain. It is based on the Bitcoin code - it uses the same proof-of-work algorithm and is limited to 21 million coins. Unlike Bitcoin, Namecoin can store data within its own blockchain transaction database.

See also: Supported cryptocurrencies (basic)