Namecoin

Namecoin (NMC) is a blockchain system and cryptocurrency which allows users to protect domain name servers by embedding them on a distributed ledger.

The namecoin cryptocurrency primarily acts as a medium of payment of domain hosting fees. Namecoin uses proof of work mining to process transactions and create blocks.

More on this topic:
Popular cryptocurrencies compared

About moneyland.ch

moneyland.ch is Switzerland’s independent online comparison service covering banking, insurance and telecom. More than 80 unbiased comparison tools and calculators are available on moneyland.ch, along with useful financial guides and timely news. The comprehensive comparison tools help you to find the right insurance policies, bank accounts, credit and prepaid cards, loans, mortgages, trading accounts and telecom products for your needs.