Sunday, 15 April 2012
NameCoins is one of the earliest alternative cryptographic coins after the Bitcoins. It is not purely for monetary purposes. It has one very unique use which is that of providing for p2p domain name registrations. NameCoins or NMC for short is actually promoting the Dot Bit domain name extensions. It's purpose is to grow this decentralized Dot Bit domain name extension. Due to its specialized nature, it has its own die hard advocates and even though it is under a lot of competition from Bitcoins and that its value had fallen a lot, there are still die hard supporters wanting to see the project through.