Namecoin (NMC) - cryptocurrency review
Namecoin (NMC) - cryptocurrency review

Namecoin (NMC)

Rank: #37

Our Review
8
Real-world utility
1
Market Cap
6
Investability
decrptd review 5 / 10
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Namecoin Review

Namecoin (NMC) is a decentralised domain name system. In just the same way as Bitcoin took a centralied value exchange system and decentralised it…

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Namecoin (NMC) – cryptocurrency review


Namecoin (NMC) is a decentralised domain name system. In just the same way as Bitcoin took a centralised value exchange system and decentralised it, Namecoin has decentralised the domain name system and created .bit domain name addresses.

The main problem today however, is that when ordinary users access the internet, they are unable to access .bit domains. This is because the internet is currently configured to use a centralised domain name lookup system. In the future however, if the trend towards decentralisation of everything continues, then Namecoin will be lightyears ahead of all competition.

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