Namecoin is a cryptocurrency which also acts as an alternative, decentralized DNS, which would avoid domain name censorship by making a new top level domain outside of ICANN control, and in turn, make internet censorship much more difficult, as well as reduce outages.
Namecoin uses modified Bitcoin software, thus there is a limit of 21 million Namecoins. Each Namecoin is divisible down to 8 decimal places. Namecoin currently uses the .bit domain. As of January 2014, 123616 .bit domains have been registered. Bit domains are not currently awarded, hence to resolve domain names, one must have either a copy of the Namecoin blockchain or access to a public DNS server that participates in the Namecoin system… CONTINUE