What is BitDNS?

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Can someone please give me an idea about BitDNS? And what is it all about?

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BitDNS was proposed by Satoshi Nakamoto. The goal of BitDNS project was to extend Bitcoin’s technology to a domain name service. Satoshi wanted to expand the software to support transactions for registering, updating, and transferring domains. Later on, BitDNS turned into an Altcoin, namely, Namecoin.

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