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Reword lede #588

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6 changes: 1 addition & 5 deletions index.md
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Expand Up @@ -5,11 +5,7 @@ title: Namecoin

{::options parse_block_html="true" /}

**Namecoin** is an experimental open-source technology which improves decentralization, security, censorship resistance, privacy, and speed of certain components of the Internet infrastructure such as DNS and identities.

(For the technically minded, Namecoin is a key/value pair registration and transfer system based on the Bitcoin technology.)

*Bitcoin frees money – Namecoin frees DNS, identities, and other technologies.*
**Namecoin** is a peer-to-peer naming system, like DNS. It is secure, censorship-resistant, and human-readable. Namecoins are also the decentralized currency (based on Bitcoin) that are used to buy these names. It was the first altcoin, with development started in 2011.

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