Namecoin

What is Namecoin?

Many Crypto users have Namecoins in their portfolios. But what are they and how to use them? Mining pools like cex.io and bitminter mine namecoins as a ‘bonus’ to their users. Most users we have spoken to simply exchange their Namecoins for Bitcoins but could you be missing out on their real value?

Why not use your namecoins to buy a .bit domain? You do need to use a special server though. A popular public DNS provider OpenNIC supports the .bit TLD so with with just a small amount of namecoins you can be up and running quickly. See the Reddit thread for more details.

Enhanced by Zemanta