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Bitcoin can already do third-party arbitration and Bitcoin addresses (and/or GPG) can already track identity. How does Namecoin help?
by mburns 13y ago
Bitcoin can already do third-party arbitration and Bitcoin addresses (and/or GPG) can already track identity.
How does Namecoin help?
- GigabyteCoin 13y agoNamecoin can keep track of the initial date that the particular identity was registered. It can allow for the owner of the identity to quickly update information for everyone to see in the blockchain. It helps a great deal when it comes to keeping track of identities. You can store up to 1kb of data inside a namecoin registration. The above cannot be said of Bitcoin addresses or GPG.