Editor's review
This tool makes it easy to pay and receive money in the virtual alternative currency Namecoin.
Namecoin is a crypto-currency that has some acceptance in the cyber space. This namecoin currency is also used as means of an alternative DNS system that can help avoid Internet censorship. It makes a new top level domain outside of ICANN control that makes censorship difficult. It is essentially a modification on the bitcoin system. As a currency that can have a maximum number of coins in circulation. The increase in demand will be handled through dividing down the total supply; the namecoins could be divided to 8 decimal places. The Namecoin wallet is a centralized repository (like a bank) where you can deposit your earnings and pay out from the wallet (or an account in the central wallet). There are several advantages to the Namecoin transactions. Such payments arrive instantly. There are no fees applicable to such transactions. Additional advantages are that these transactions are anonymous and are acceptable by parties worldwide.
This tool does manage all that for you. All you do is open an account or create a wallet. By entering this community, you will be able to securely register and transfer arbitrary names (keys), without any possibility of censorship. It is possible to attach values (data) to the names. These names could be up to 520 bytes; will be extended at some future time. Unlike regular banks, this agency cannot, however, view your balance, see your transactions or make payments on your behalf. Ownership of money is always with the user. This is a very good, simple and easy to use tool. If you have a need to transact in this currency, this service could be useful.
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