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| Namecoin is an alternative distributed Domain Name System (DNS) on the basis of Bitcoin software. It expands the software so that transactions for registering, updating, and transferring domains to serve.
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| Like Bitcoin, Namecoin is a peer-to-peer system, which, assuming an honest majority of participants can not be controlled by a single state or a company. Changes to the namespace of the rightful owner of a domain with a public key signature method and distributed to all peer-to-peer users. The inclusion in the block chain , as the eternal logfile is used, the transactions are authentic. The block chain grows whenever new transactions, if any of the participants through a fairly intense proof-of-work process, a matching result of a cryptographic hash function has found what may be verified by all other participants. The falsification of a longer chain block is, due to the computational effort, impractical.
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| Currently, the top-level domain .bit used in the official domain name system is not awarded. To resolve domain name you need either the current block chain or use a public name server that participates in the Namecoin system. Namecoin uses a separate block of Bitcoin chain. The software is open source and is hosted on GitHub.
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| ==See Also==
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| * [[Dot-bit]]
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| * [[NamecoinUs]]
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| * [[Cryptocoin]]
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| ==External Links==
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| * [http://github.com/vinced/namecoin Namecoin Project] on GitHub
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| * [http://dot-bit.org dot-bit.org] project, focused on the domain registration aspect of Namecoin
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| * [http://whois.namecoin.us/ Namecoin (.bit) WHOIS Server]
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| * [http://liliontransfer.org/ Lilion Transfer] Exchange where you may exchange NameCoin to 20 currencies, 70 e-currencies, 20 e-wallets or 3 cryptocurrencies.
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| * [http://exchange.bitparking.com Bitparking BTC/NMC] Namecoin <=> Bitcoin exchange
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| * [https://vircurex.com Vircurex] Buy, sell and trade your Namecoins
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| *[http://www.crypto.st Crypto Street - Advanced Trading Exchange for Namecoins]
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| ==References==
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| <references />
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| [[Category:Open Source]]
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| [[Category:Digital currencies]]
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| [[Category:Alternative cryptocurrencies]]
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