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Could you elaborate on the functionality and operation of Namecoin? I'm curious about how this <a href="https://www.btcc.com/en-US" title="cryptocurrency">cryptocurrency</a> differs from traditional blockchains and what unique features it offers. Specifically, how does Namecoin handle domain name registration and management? What are the key benefits of using Namecoin for these purposes? I'd also like to know if there are any technical aspects or specific algorithms that make Namecoin unique and reliable for its intended use case. Additionally, how does Namecoin's system ensure security and privacy for its users? Thank you for your explanation.
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