Namecoin

Aside from being a digital asset, Namecoin has a real function in the IT world that is to manage data transfer information and move as a Domain Name System for the .bit domain. Easily, Namecoin can be considered a peer-to-peer version of ICANN. Domain names will be registered with a fee of only 0.01 Namecoin and owner data will be stored in the blockchain. A new transaction will occur when the domain is transferred to another user. Besides this function, Namecoin has the exact same function as Bitcoin.