1 Level
154 Review
169 Karma
Review on Namecoin by Mr Benji
Another fork
- Namecoin is Bitcoin's forks. For this reason, its specification is not much different from its protoplast - having similar transaction confirmation times, and even the same organic number of coins up to 21 million.
Cryptocurrency is extracted on the basis of merged mining, i.e. combined digging. Exploiting Bitcoins, Namecoiny is also generated.
The coin is based on the SHA256 algorithm similar in Bitcoin. However, due to the above feature, the Namecoin process is not so energy intensive. This is the first altcoin on the market.)
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WHAT IS DIFFERENT FROM BITCOIN?
Namecoin is technically very similar to Bitcoin, because it is his forcemeat. The main feature that distinguishes it is the additional domain functionality in the form of a decentralized DNS system - Bitcoin was designed to be a currency, while Namecoin's main goal is to be a decentralized DNS
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Pros
- NONE
Cons
- Another btc fork
