This is achieved by using bitcoin's blockchain technology The registration fee is 0.01 namecoin, as well as the transaction fees for two further transactions to configure your name Can someone stop or seize.bit domains
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One of the main concepts of namecoin is that users own their domains, like with bitcoin, in which users are the owners of their currency.
Registering a.bit domain name registering a namecoin.bit domain name costs very little
