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What is namecoin / Dot-BIT ?

Namecoin is a distributed domain registration system based on the bitcoin concept.
It is part of the Dot-BIT project.Our search engine for the dot-bit Network (..bit/namecoin)

 It allows you to :

  • register domains (.bit currently)
  • be the only person to be able to modify it (no possible external control)

It is inspired by the bitdns discussion and recent failures of the DNS.

  • This is a new blockchain, separate from the main Bitcoin chain
  • Name/value pairs are stored in the blockchain attached to coins
  • Names are acquired through new transaction types - new, first-update and update
  • Names expire after 12000 blocks unless renewed with an update
  • No two unexpired names can be identical