NameCoin Crypto Currency
NameCoin is a decentralized key/value registration and transfer system based on BitCoin technology (a decentralized cryptocurrency). It can be used for multiple purposes, for example a secure and censorship resistant replacement for DNS. Ownership of a name is based on ownership of a coin, which is in turn based on public key cryptography. The namecoin network reaches consensus every few minutes as to which names have been reserved or updated.
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