Namecoin is an open-source blockchain and naming system for registering censorship-resistant names, including .bit domains. It is aimed at developers, privacy-focused users,...
Pros
- Censorship-resistant .bit namespace secured by a blockchain
- Merged mining with Bitcoin improves network security
- Open-source protocol with no central registrar
Cons
- Requires special DNS resolvers or browser configuration for .bit sites
- Much smaller ecosystem and wallet support than ENS
- Name registration and updates require managing NMC and blockchain transactions
Free; network fees in NMC
