The project is a digital award funded by Bitcoin programming. This depends on the Bitcoin code and similar confirmation of the work calculation.
Unlike Bitcoin, project data can be stored in its own blockchain exchange data set. Namecoin offers several improvements, such as the ability to store data within a blocking or merged mining data.
Leading use of Namecoin, control. Security is a high-end .bit, similar to the .com regions, but ICANN is an independent, regional name management service.