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Glossary

Namecoin (NMC)

A naming system merge-mined with Bitcoin.

Namecoin (NMC) was one of the first altcoins, built to store names and data (such as a decentralized domain system) on a blockchain. It uses SHA-256 and is merge-mined with Bitcoin.

Merge mining lets Bitcoin miners secure Namecoin at the same time, earning both.

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