Part of the Namecoin price is a decentralized, peer-to-peer key/value data storage system. Namecoin is an alternative Domain Name System, making Internet censorship more difficult by building a decentralized DNS beyond ICANN control. Namecoin uses the .bit domain, which can be purchased with NMC price tokens. Users can resolve .bit domains with either the current block chain, or with a public name server that participates in the Namecoin network. Namecoin is a Bitcoin fork with a limit of 21 million Namecoins. It has switched to merged mining with Bitcoin. The cryptocurrency uses the SHA-256 algorithm and was launched in April and September of 2011.
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