Review on Namecoin by Pedro O. Alvino M.
Long market trajectory
The main use of Namecoin is to buy and renew domain names, bit. This DNS is decentralized, it is resistant to censorship and cannot be closed. This is a valuable option for websites that carry out activities that their governments might want to restrict.
Being one of the first projects after Bitcoin, its objective is not to decentralize the financial system, but to decentralize the Internet domain name system (DNS), where its operating characteristics are similar to that of Bitcoin.
Pros
- It offers a security layer when entering the internet network
- First projects after Bitcoin
- Its network structure is the same as Bitcoin.
Cons
- I do not know you can browse websites, bit through a regular browser.
- Having the same operation as the bitcoin network may present the same problems in your network.
- A renewal of each domain is needed, bit from time to time if it does not expire.
