NEO Name Service - Decentralized domain name service ending in ".neo"
The NEO Name Service (NNS) was created to give the NEO community a chance of resolving the issues faced with the use of a typical virtual wallet address which has an address that is long and difficult to memorize. The present wallet address is also subject to errors and this can promote cyber fraud.
However, NNS helps the NEO community to solve these issues with a .neo domain name solution which will offer a convenient, simple and easy way to trade digital assets from a virtual wallet. The NNC is a NEP-5 token and a utility cryptocurrency under the NNS and it is used for placing bids in an auction for an available .neo domain name.