What is Namecoin (what coin is Mecoin)?

Namecoin, also known as Name Coin, is a decentralized cryptocurrency based on blockchain technology. It has issued a new digital token on the Bitcoin network. This token is called “NameCoin”. It describes users and projects using a string called “name” (also known as NFT) and how they use these words to express their vision, such as what they like, what kind of people they want, and what they want to do, in order to achieve people’s understanding and interest in projects.

So what is Namecoin? The answer is a name (like Bitcoin). This word represents the concept of a token-it is a special type of technological means used to record ownership. If we compare this token to gold, silver, or oil, that is Namecoin.

Therefore, anyone can create and maintain the value proposition of a token called a name together with others. In other words, as long as someone is willing to upload their name as a profile picture to the Internet, they can successfully register and have the corresponding name. For example, typing the desired domain name in the “name” section when searching on Twitter can participate in it. But because this name itself does not exist on the website, it does not conform to the meaning of Chinese, because this name can be easily understood as a wallet address. And this account is as easy to lose as the private key generated by a cryptographer. (Bitcoin.com)

What coin is Mecoin?

What coin is Mecoin? Is it a token obtained through mining? Is its issuance mechanism different from Bitcoin? In the past year, due to the continuous rise in the price of Bitcoin, many users have been unable to use BTC for transactions. Mecoin is considered to be a new type of cryptocurrency that can attract more people to participate in this market as a means of payment.

Currently, there are various types of Mecoin in the market, but one of the prominent ones is Mecon (Merkle Brothers). According to the official introduction, the project aims to build a “blockchain financial ecosystem” that integrates various digital assets in the traditional financial field into its network to promote efficient capital market flow. (ChainNews)