What are Namecoins and .bit domains?

What are Namecoins and .bit domains?

One digital currency that you might not have heard of is Namecoin. It is based on exactly the same code as Bitcoin. In fact, the two currencies are almost identical. However, in the same way that Bitcoin is a decentralised currency that cannot be shut down. Namecoin is the basis for a decentralised domain name system (DNS), i.e. web URLs, which could put a stop to Internet censorship. What is the DNS system? While we're all used to typing text addresses into our browser and email programs, such as coindesk.com, the Internet doesn't run on text. The Internet actually works on numerical....


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