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site:www.weusecoins.com site:www.bitcoin.org site:bitcoin.org site:en.bitcoin.it site:bitcoin.stackexchange.com site:bitcointalk.org site:localbitcoins.com site:www ... Unlike bitcoin, Namecoin can store data within its own blockchain transaction database. The original proposal for Namecoin called for Namecoin to insert data into bitcoin’s block chain directly.[7] Anticipating scaling difficulties with this approach,[8] a shared proof-of-work (POW) system was proposed to secure new cryptocurrencies with different use cases.[9] Namecoin’s flagship use ...

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