User reviews, payment system information Namecoin

Namecoin (NMC) is an open source decentralized cryptocurrency, the main feature of which is the use of a modified system of DNS servers. Namecoin is considered the very first fork of Bitcoin.

To start working in the system, users register a domain name, the cost of the procedure is 1 cent.

The system has several types of wallets that differ in functionality: Core Client Legacy Client Core Client Stable Release.

Top-up: through a bank card (but first you need to buy bitcoin – exchange it for Namecoin), through the trading floors Trade By Trade and Livecoin, YoBit, WEX, Poloniex

Extraction: through pools P2pool, Multipool. Or on your own after installing specialized software from the company s website.

Advantages of the system:

  • Transaction anonymity
  • Confidential website access through first level domains
  • Identification of data through GPG keys and OTR addresses
  • High transaction speed
  • Scalability
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