Namecoin in itself is a peer-to-peer DNS system based off of the Bitcoin code. You use Namecoins to register your own domain, though at the moment you need a custom DNS server in order to resolve those .bit domains. Useful for the same reason Bitcoin's decentralization is useful, namely, that these domains can't be blocked by a governmental authority. The project is still in its infancy right now though.
Bitparking I have no idea.
Bitparking I have no idea.
So namecoin is to godaddy as bitcoin is to paypal?
How do you earn Namecoins, and how to do you register namecoin domains??
