Feature Suggestion : Names for colors in palette

It would be handy, if colors could have names. There could be possibility to change how to show colors. Button could be example next to that "sort by:"-button.

Different various could be eample small and tight like it's now in Blender, then bigger squares if need in smaller drawing displays, and then "show names" like in this image example. They could be also in two or more columns, not just one like in this.