NAVCoin

Overview of NAVCoin

NAVcoin developers, even though the blockchain allows users to transact peer-to-peer without the need for a third party, say that it’s possible and very easy for an experienced hacker to link sending and receiving addresses with any of the publicly available block explorers.

NavCoin’s integrated payment gateway supports plugins for all major accessible webcarts, which include WooCommerce and Shopify — all of which also enable users and merchants to auto-convert cryptocurrencies and execute fiat settlements.

NavCoin might just be in it for creating a useful peer-to-peer cryptocurrency with privacy as the prize, however, the technology being pro privacy-centric might find other useful applications surrounding other decentralized niches.

NAVCoin (NAV) fundamentals: There is a circulating supply of 66.070M, a total supply of 66.070M, a maximum supply of -, a total cap of $52.62M, a 24 hour range of 16.08%, a 24 hour low of $0.711679 and a 24 hour high of $0.848010.

NavCoin core is a “paper wallet” and is desktop based that runs on operating systems which include Windows, Linux, and MACOS and requires you to download the 2GB blockchain this wallet is mainly used for cold storage of NavCoin.

Navcoin (NAV): is a project designed to facilitate the market process of users, its ecosystem operates under development standards and innovative technology, has a series of tools that automate the…See more

Navcoin enables private transactions via xNAV built on top of their self-developed privacy protocol blsCT that merges Boneh-Lynn-Shacham (BLS) Signatures and Confidential Transactions (CT).

NAVCoin (NAV) has changed 0.58% over the past 1 hour, 9.74% over the past 24 hours, 1.93% over the past 7 days, 67.61% over the past 30 days and 427% over the past 90 days.

Navcoin is symbol of change for how the entire global economic system works – one that returns freedom, privacy, and financial power back to the individual.

Navcoin was never PRE-MINED, it never needed an ICO to attract venture capital and supporters have never dumped, if you look at the rich list it remains unchanged.

Blockchain

NavCoin core is a “paper wallet” and is desktop based that runs on operating systems such as Windows, Linux, and MACOS and requires you to download the 2GB blockchain this wallet is mainly used for cold storage of NavCoin.NavPay is an easy to use “Light Wallet” that involves no blockchain download and can be downloaded on your mobile device.Finally NavPi this software turns your personal Raspberry Pi into a low-cost way to help maintain the network.

Encryption

This combination of mixing, layered encryption and a managed token pool is what provides privacy and anonymity to NavCoin.It assures that transactions can’t be tracked to their destination, if that’s what the sender wishes.And the NavTech team continues to explore additional privacy measures to ensure NavCoin remains a private, fast, easy to use coin.

Mine

NavCoin Airdrop is worth 1.5 NAV coins (~$ 0.18) for the first 6000 participants.Share your referral link to earn 0.1 NAV coins (~$ 0.012) for each referral. You can refer up to 5 people maximum.About NavCoin

NavCoin is an open-source, blockchain-based Proof of Stake cryptocurrency.Its design is public, nobody owns or controls NavCoin, and everyone can take part.It’s a platform that’s run by its users, for its users with an incentivized network of nodes verifying payments all around the world. Launched without an IEO or pre-mine, NavCoin is completely self-funded by volunteers who believe in the project's principles and direction.NavCoin is listed on CoinTracker. 

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Network

That’s hard to quantify.If by core contributors you mean developers contributing to the navcoin-core repo, the number of contributors today as per GitHub statistics is 15.I’d maintain the terminology “core contributors” should have a broad, horizontal structure — to include everyone whose contribution is essential for the development of the project.Thinking about it in this way, our core contributors also include but are not limited to the more than 300 server operators, which help to secure the network, our voluntary contributors who moderate social channels, our community and everybody interested in spreading NavCoin awareness.We want to attract individuals and groups from different backgrounds; whether you’re a developer, videographer, artist, or project manager, we know a strong community has a diverse range of skill sets, and we now have a community fund to compensate and fund initiatives.Our project has never been stronger.Yet, NavCoin has a lot of room to grow and everyone involved should be proud of the team, our contributors, and community.I am.

Support

Scalability has always been important to the NavCoin team, and they made the move to proof of stake early in the life of NavCoin in order to support scalability.In addition, the community has approved and activated SegWit to reduce block sizes.In the future, NavCoin expects to implement something equivalent to the Lightning Network, which will move some transactions off-chain and provide instant settlement.

Transactions

When using blsCT, two xNAV transactions can be merged into one, and transactions can be aggregated an infinite number of times.This allows Navcoin to scale effectively and support a high quantity of transactions across the network and users’ transactions are completely shielded and untraceable.Anyone trying to monitor transactions being made through Navcoin’s network is unable to tell if a transaction has been aggregated or not, and users are able to merge their coins with other individuals making transactions.When doing so, a user’s wallet uses Dandelion++ to send an anonymous request for coins from other nodes.These nodes can then connect and communicate between them using public key cryptography to broadcast the session and their coins to mix.From those, the sender can randomly select several coins from the responses received.These coins are in turn mixed together with the original user’s coins, and then sent to the network, and this system ensures true privacy while also enabling anyone who helps to facilitate the mixing-process by providing liquidity to receive a fee for their service, and generate a passive income.

• How can I help ?

Donation are always welcome, but you can also help us translate the website.It’s really easy.Just add “?i18nextract=LANGUAGECODE” in the end of the url (for instance http://walletgenerator.net/?i18nextract=es for Spanish).You will see at the end of the page a pre-filled javascript array ready to be translated.Translate or correct it, and send it to us the way you prefer.

• How to spend the coins stored in a paper wallet ?

You will need to import your private key in a real client, that you can download from the currency website.The exact method to do that will depend on the client.If there is no integrated method, you can usually fall back to the debug console and use the command “importprivkey [yourprivatekey]“.

• How to use a paper wallet ?

Once you have generated and printed a wallet, you can send coins to the public address, like for any wallet.Store your paper wallet securely.It contains everything that is needed to spend your funds.Consider using BIP38 to secure your paper wallet with a password.

• I found a bug, what shall I do ?

You can report bugs using GitHub.You can also contact us using our Twitter account (@WalletGenerator).Just try to explain clearly what is wrong and we will try to fix the bug as soon as possible.

• Is it safe ?

We try to make it that way ! The core of the tool, that generate the keys is 99% the same as the well reviewed bitaddress.org.We only changed it to be able to generate addresses for different crypto-currencies.

• Who are you ?

We are just two random guy having fun with a side project.

• Why should I make a donation ?

Donations money are used to pay our hosting service provider, but it’ll also be used to make walletgenerator.net more secure as we plan to organize a CrowdCurity campain as soon as we get enough money to pay for it.

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How do I buy Navcoin?

It is not possible to buy all cryptocurrencies with U.S.dollars.Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S.dollars using Coinbase or BlockFi.Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Navcoin.

How do I mine Navcoin?

Navcoin can be mined using specialized mining software.XMR Stak is a commonly-used mining tool that works for CPU mining and GPU mining with both Nvidia and AMD graphics cards.CCMiner is another popular mining tool for computers with NVIDIA graphics cards.In addition to having mining software, you will need a Navcoin and access to a mining pool that pools your effort with other miners and a wallet to store the Navcoin that you earn from mining.Most cryptocurrencies have multiple publicly-available mining pools that can be found with a simple Google search.

How Does Nav Coin Keep Transactions Private?

If you opt for a private payment, Nav Coin will send the encrypted private transactions via the dual blockchain, which runs on the NAVTech system.

How does NAV compare to other privacy coins?

At it’s foundation, Nav Coin is a privacy coin so it’s important to evaluate it in that regard.Privacy is an area where some critiques tend to surface and part of that is likely due to it’s positioning as a privacy optional rather than privacy first coin.

How Does NavCoin Work?

The original Bitcoin code is the bedrock for NavCoin’s code, but the developers have changed several key features of Bitcoin.First, NavCoin implements a secondary sub-chain known as NavTech.NavTech enables transaction anonymization and mixing (see below).Second, NavCoin exchanges Bitcoin’s proof of work algorithm for proof of stake.Additionally, NavCoin transactions are generally faster and cheaper than Bitcoin.In the future, they will also support decentralized applications coded directly to the blockchain.

How is Navcoin’s network governed?

In addition to helping to secure the network, Navcoin’s PoS consensus mechanism enables all public NAV holders to get involved with governing their platform.There is no central authority controlling Navcoin, and community members play a crucial role in maintaining a fair and decentralized system of decision making.As a result, Navcoin operates as a Decentralized Autonomous Organization (DAO) with all protocol administration and consensus changes being subject to an open voting system.All community members holding their NAV on the public side can participate in the DAO by staking their coins, and each stake is the equivalent of one vote.This gives each wallet holder a say in protocol governance, and allows them to vote on any proposals that arise.To ensure widespread participation, there is also no minimum staking amount required for anyone to take part in voting.Navcoin’s governance system also incorporates a decentralized treasury to ensure that contributors and projects can be compensated and funded by the network.

How is Navcoin’s network secured?

Navcoin’s network is secured by a Proof of Stake (PoS) consensus mechanism, which means that anyone can use their NAV to help validate transaction blocks.The PoS mechanism is inclusive in nature and allows all community members to act as network validators.By comparison, the Proof of Work (PoW) consensus mechanism that Bitcoin uses requires miners to operate powerful computers that are able to calculate huge mathematical problems in order to process transactions.The first computer that ‘solves’ the problem receives a reward for doing so and this mining process requires expensive hardware, access to cheap electricity, and is extremely energy intensive.PoS does away with these resource intensive requirements and a 5v Raspberry Pi can successfully take part in staking on the network.

How is Navcoin’s privacy-enhanced features achieved?

Navcoin enables private transactions via xNAV built on top of their self-developed privacy protocol blsCT that merges Boneh-Lynn-Shacham (BLS) Signatures and Confidential Transactions (CT).BLS enables a group of signatures to be compressed into a single compact signature that can be used to authenticate the entire group, thus effectively helping to shield the origin of a transaction.CT is a well-established privacy protocol used to obfuscate the amount of coins in a transaction.In addition to blsCT, xNAV further ensures personal privacy by using Stealth Addresses, public-key cryptography and the innovative Dandelion++ protocol.Stealth Addresses are private addresses which ensure complete privacy for the receiver of a transaction.Dandelion++ is a communication mixing protocol which breaks the link between a message and its source.

How Is the Technology Behind Nav Coin Different from Other Shielded Cryptocurrencies?

The vast majority of cryptocurrencies offering the same level of privacy as Nav Coin rely on either ZKSnarks or CryptoNote/RingCT.Unfortunately, both algorithms are fairly new with minimal studies.In addition to doubts from some academics about the algorithm validity, if they break, the transaction history becomes visible, eliminating privacy.

How to buy NavCoin (NAV) on SimpleSwap?

The SimpleSwap team has rethought the process of cryptocurrency exchange to make it simple, safe and comfortable.

How to buy Navcoin?

There are 7 exchanges with about 10 markets trading the coin with BTC, ETH, USDT, BNB or EUR.The exchanges where NAV is listed are on the list of top 10 exchanges thereby making the asset a popular one.If you want to buy NAV, you should make sure that you are registered on these exchanges and also that you have any of the trade pairs listed above, which can also be bought using fiat.Once you have bought the coin, you can send it to your wallet.The platform has its own custom wallets where the assets that can be stored.There is a desktop version and also mobile versions available.They have NavPay, which is like a lite client adapted for web or mobile devices, however, they can also be used on other devices.For safety purposes, it is advisable to store your digital asset on wallets other than the one provided by the exchange.

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How to stake Navcoin?

If you leave your Staking wallet open, you will receive a reward because you help maintain a decentralized network.Nav Coin is an inflationary currency.In the first year 20% of the new currency was created, in the second 10% and from the third year (ie from 2016) 5% is created.In order for your coins to start earning they must meet mature time, which is a minimum of 2 hours and 60 confirmations.If you have about 1,000 NAV, you will get a reward about 1-2 times a month (according to the weight in the network).If you have about 10,000 NAV, then you will receive a reward daily.

Is it safe to invest in NAV now?

The first thing about this project that sounds interesting is the fact that they operate an anonymous peer to peer cryptocurrency payment system, has faster transaction processing time (about 30 seconds) compared to bitcoin and also achieve consensus through the proof of stake algorithmic.

Is Nav Coin a good investment?

NAV currently sits 88th on coinmarketcap.com with a market cap of only $50M and a price of $0.80 per coin.There are some concerns about Nav Coin that I have highlighted and I don’t think it will necessarily become a top coin until NavTech 2.0 and Polymorph are rolled out.But NAV is relatively undervalued compared to other privacy coins, and that’s without even considering the transactional capabilities and roadmap features that really make it shinez.

What coins are similar to Navcoin?

The following coins use Navcoin’s X13 algorithm and proof of work (PoW) and proof of stake (PoS) proof-type: Bitcoin Diamond, Stratis, DeepOnion, Stealth, CloakCoin, Bitcoin Plus, BlitzPick, BlitzPredict, Opal, Datacoin, BoostCoin, STVKE, Sint-Truidense Voetbalvereniging Fan Token, MU DANK and KORE Vault.

What do investment analysts think about Navcoin?

Weiss Research, an investment research firm that rates cryptocurrencies, has given Navcoin an overall rating of “D”, a technology and adoption rating of “E+”, and a market performance rating of “B”.

What hashing algorithm does Navcoin use?

Navcoin is a proof of work (PoW) and proof of stake (PoS) coin that uses the X13 algorithm.

What is Nav Coin?

Nav Coin was created in 2014 as an easy to use financial privacy solution and while that is still a fundamental part of NAV, it is progressing into so much more than that.It’s segwit-enabled, extremely fast (30s transaction times), makes use of POS (proof of stake), has developed adjacent product offerings and the team is actively working on major features including NavPay, NavTech 2.0, cold staking, instant, anonymous currency exchange and even decentralized applications** – more on these later.

What is NavCoin?

NavCoin is a cryptocurrency that has been based off Bitcoin.While it offers all the benefits of Bitcoin, it also has a few other added benefits such as faster transactions and low electricity usage.

What is NavCoin?

The NavCoin is a decentralized cryptocurrency that is based on Bitcoin.It is one of the “older” crypto coins which development started back in 2014 and gathered huge community along the way.Unlike Satoshi’s creation, NavCoin uses the PoS algorithm instead of PoW, making it faster and more energy efficient.As the developers of NavCoin say, this helps NAV to become a truly usable cryptocurrency.The PoS in NavCoin is separated in three different tiers: NavPay (a light client, mobile device friendly), NavCore (full staking node, the full blockchain, easiest staking method) and NavPi (an energy efficient full node based on Raspberry Pi device).NAV also offers anonymous transactions.Unlike other privacy coins, it does not use zk-SNARKS or CryptoNote/RingCT, but relies on utilization on a separate, parallel blockchain.This additional blockchain is dubbed NavTech and it uses RSA (asymmetric cryptographic algorithm) in order to de-couple addresses when hiding transactions.

What is NavCoin?

NavCoin was established in 2014 before the current wave of cryptocurrencies it came about without any pre-mine or ICO, and has stood the test of time as well.It continues to move along at its own pace, and over the years it has seen features added, improvements made and upgrades to its codebase.Thanks to that, and to a dedicated team, NavCoin continues to see consistent growth.

What Is NavCoin?

NavCoin is a cryptocurrency designed to be anonymous and simple to use.Established in 2014, it belongs to an older class of cryptocurrencies that came before the recent wave of ICOs.NavCoin has stood the test of time well.Over the past four years, it has implemented various upgrades, features, and improvements.The team is dedicated and knowledgeable, and as a result, the platform has seen consistent growth.

What is Navcoin?

Navcoin (NAV) is an open-sourced digital currency with privacy-enhanced features.Transactions that occur on the blockchain of Navcoin are made in a peer-to-peer fashion with no need for intermediaries.Following the release of Navcoin Core 6.0, it’s possible to store and transact coins both publicly (NAV) and privately (xNAV).When making a private transaction, it will not be possible to link the transaction to its sender or receiver, or even view the amount that was sent.This is made possible by Navcoin’s self-developed privacy protocol called Boneh-Lynn-Shacham Confidential Transactions (blsCT).

What is NavCoin?

NavCoin is a decentralized cryptocurrency that uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of NavCoin is carried out collectively by the network.NavCoin is open-source; its design is public, nobody owns or controls NavCoin and everyone can take part.

What is Navcoin?

A high level look at what Navcoin is and its amazing features.

What is NavCoin?

NavCoin is a decentralized cryptocurrency blockchain that uses an open-source platform and peer consensus to operate without a central authority.

What is Navcoin?

NavCoin (NAV) is a privacy-driven PoW/PoS hybrid cryptocurrency.NAV uses the x13 hashing algorithm.NavCoin's encryption software disconnects and randomises the transaction data, removing it even from an IP address.NavCoin uses a subchain to process anonymous transactions.

What is NavPool?

NavPool is a POS staking pool for NavCoin.

What is the difference between NAV and xNAV?

NAV and xNAV each represent a currency on Navcoin’s network.NAV is the public coin used for transparent payments, staking and governance, and xNAV (based on blsCT) is the private coin used to hide payment details from external observers, unless they are authorized to see the transaction history through a shared view key.NAV can be purchased or traded on exchanges, and then swapped to xNAV at a 1 to 1 rate.

What is the Reddit page for Navcoin?

The official Reddit community (subreddit) for Navcoin is r/NavCoin.

What is the value of Navcoin?

One Navcoin (NAV) is currently worth $0.60 on major cryptocurrency exchanges.You can also exchange one Navcoin for 0.00001099 bitcoin(s) on major exchanges.The value (or market capitalization) of all available Navcoin in U.S.dollars is $43.35 million.

What Makes Nav Coin Different?

Nav Coin has a few features that help set it apart from other cryptocurrencies.One is the significantly faster transaction time.Instead of having to wait 10 minutes, you can send NAV (the tokens) anywhere in the world instantly.The transaction will be confirmed and become spendable within just 30 seconds.

What makes NAV so great for transactions?

To start with, let’s look at the global standard of transactions right now – fiat.

What Projects Are Planned for the Future?

The developers behind Nav Coin are working hard to expand it with numerous projects.NAVTech Polymorph is in progress.It involves working with Changelly, an instant exchange.This project will provide anonymous payments, as well as the ability to switch between any of the over 25 cryptocurrencies listed on the platform.This project is about 60 percent completed.

What Projects Has Nav Coin Completed?

If you look at the Nav Coin roadmap, you will discover numerous completed projects, including Mobile and Web Wallets, planning for the Anonymous DApps, rebuilding the Subchain, NavTech v1.2, Nav Coin Core 4.0.4, NaviPi 1.0.1, NavTech 1.1, Nav Coin Core 4.0.0, NavPi StakeBox, a website redesign, implementation of decentralization, anonymous merchant integration, a merchant gateway, a thin client on the desktop, the public release of NAVTech, NAVTech Node JS, the NAVTech beta test, Faucet, and Block Explorer.

What’s going on with NAVCoin (NAV)?

NAVCoin (NAV) is currently priced at 0.7964150284298792, which gives it a market cap of 52.619M.Its latest volume is 3.794M, which expressed as a percentage of its market cap, is 7.21%.Its all time high was 5.53.

Where can I get Navcoin wallet?

Navcoin produces its own wallet software that is available for download on its website, which allows you to store Navcoin on your computer.For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X.If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

Where Can You Buy NAV Coin?

As a homegrown New Zealand cryptocurrency, it makes sense to buy NAV coin from a local exchange.Thankfully, at Easy Crypto, you can do just this! Click here to order NAV coin today and have coins deposited directly to your wallet in under 2 minutes.

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History of NAVCoin

In 2016, my developing passion in cryptocurrency became my full-time occupation as a NavCoin core developer.

In 2017, the project saw a comeback, as they began to emphasize design, usability, and experience.