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Namecoin

Namecoin

Namecoin was the second decentralised cryptocurrency, appearing after the bitcoin. Bitcoin became the first independent means of payment, while Namecoin allows for the creation of domain names under the unregulated .bit extension (in contrast to other domain extensions, which are administered by ICANN). Namecoin was created on the basis of Bitcoin’s algorithm and can also be used as a means of payment.

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