Namecoin is a decentralized, open-source cryptocurrency that was created in 2011 as a fork of Bitcoin. It aims to provide a decentralized domain name system (DNS) and digital identity system. Namecoin operates on a blockchain, which is a public ledger that records transactions. It uses the same proof-of-work algorithm as Bitcoin for mining new coins and securing the network.
In Namecoin's system, users can register and manage domain names ending with ".bit" on the blockchain. This allows for censorship-resistant, peer-to-peer websites and improves privacy and security. Namecoin also supports the storage of arbitrary data on its blockchain, making it useful for other applications beyond domain names.
For those who want to download the Namecoin logo, we have
compiled a list of all the major cryptocurrencies in PNG and SVG format. Our collection includes logos for Bitcoin,
Ethereum, Litecoin, Ripple, Dash, Monero, Zcash, and many more. All of them are available in PNG format. And if you
want to show support for one of the cryptocurrencies, our collection of logos is at your disposal, including
the Namecoin logo.