Review on Namecoin by sazada serdaroglu
Another fork of BTC
The initiative was brought to the world as a solution to customers' security problems, and especially to the secret work problems of the United States. In this sense, namecoin was geared towards making the protection connected to the block secure. Although progress is in the experimental stage. It is important to remember that it was one of the first bitcoin bifurcations to have very dynamic events around its surroundings.
Namecoin is basically the same as Bitcoin on the grounds that it is actually its version. The key component that sets it apart is its extra domain usefulness as a decentralized DNS framework - while Bitcoin is scheduled for cash, Namecoin's primary purpose is to be a decentralized DNS.
Buying domain names without leaving personal information to ICANN is an important first step towards the decentralized web. Namecoin eliminates the oversight of the Domain Name System, domains move to the blockchain, and buying a domain is easy, has an undeniable degree of security, and with Namecoin each of these perspectives are vital. Namecoin currently stands out among other blockchain projects.
Despite this, this token is currently being exchanged for several transactions and its value is high enough. However, it should not be ignored that the foreign currency volume has been additionally high recently.
Pros
- Modest Domain Names
- It is undeniably secure.
Cons
- It is in the testing phase.
- it is not renewed routinely.
- Unlinked markup
- Registered in several trades.
