Namecoin (NMC) is a decentralized open-source cryptocurrency forked from Bitcoin in 2011. It uses the same proof-of-work algorithm and is limited to 21 million coins, but it offers several innovation, such as the ability to store data within its blockchain or merged mining. Namecoin's flagship use-case is the censorship resistant top level domain .bit, which is functionally similar to .com domains but independent of ICANN, the main governing body for domain names. In early 2014 the project released FreeSpeechMe, a Firefox plug-in that allows automatical resolution of .bit addresses. Original announcement.
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