What is Namecoin?
Namecoin is the initial altcoin which’s a fork of original Bitcoin. It’s a unique protocol that provides namings for domains and has a decentralized fundamental. It aims to offer absolutely decentralized, safe and proved by censorship domain enrolling services that won’t be under the government's control. As Namecoin is a fork, it can be managed as a simple currency for P2P transactions. It has some mutual features with the coin it has been forked from, but it made some changes in Bitcoin’s source code. This project was started in early 2010, but officially it was announced only one year later in April.