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FAQ: Explain why a native currency is needed #639

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yanmaani opened this issue May 13, 2021 · 0 comments

yanmaani commented May 13, 2021

Some users understandably get spooked by Namecoin needing a native "NMC" token, rather than directly mining for names or using BTC somehow.

It would be good to have a FAQ entry that explains:

Why you can't mine for names directly? (A: because not everyone has ASICs)
Why can't Namecoin use Bitcoin as the native unit of account (A: because two-way pegged sidechains are very hard)

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