What is Navcoin (NAV)? Navcoin, launched in 2014, is an open-sourced digital currency offering fast and reliable payments with innovative technological and privacy features. Storing coins on a Navcoin wallet allows for making public or private transactions, earning rewards through staking (for network validation) or mixing coins (for privacy enhancement), and having a vote in project proposals. Unique to Navcoin’s cryptosystem is that public NAV coins can be converted 1:1 to xNAV, the revolutionary privacy coin that guarantees untraceable transactions. Additionally, Navcoin has launched wNAV, a wrapped representation of NAV, that can be used in ecosystems such as Ethereum and Binance Smart Chain (BSC). Navcoin was launched without pre-mining or an ICO to achieve a fair and transparent initial distribution of the supply. The project operates as a fully Decentralized Autonomous Organization (DAO), without a central decision making authority (unlike most other projects). Anyone can participate by simply staking NAV in their wallet, thereby obtaining a say in protocol governance and a vote on proposals that arise from within the community. How are Navcoin’s privacy-enhanced features achieved? Navcoin’s philosophy is to provide people with privacy preserving solutions that allow them to express themselves financially and transact as they desire. This has resulted in the development of xNAV, a privacy coin based on the decentralized, trustless, and permissionless technologies of the future. First of all, xNAV is built on top of the self-developed privacy protocol blsCT that merges Boneh-Lynn-Shacham (BLS) Signatures and Confidential Transactions (CT). BLS compresses a group of signatures into a single compact signature that authenticates the entire group, thereby shielding the origin of individual transactions. CT is a well-established privacy protocol that obfuscates the amount of coins in a transaction. On top of that, xNAV 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. 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. Combining these technologies, xNAV stands out in scalability and privacy, effectively supporting high quantities of transactions across the network with shielded and untraceable transactions. 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. By comparison, Bitcoin’s Proof of Work (PoW) consensus mechanism requires miners to calculate huge mathematical problems to process transactions and earn rewards. This requires expensive hardware and is extremely energy intensive. Navcoin’s PoS consensus mechanism does away with these resource intensive requirements; even a 5 Volt Raspberry Pi can take part in securing the network. Navcoin’s users can earn passive income in two distinct ways. First of all, users can help secure the network by staking NAV to validate transactions. With block times of 30 seconds, the block reward is 2.5 NAV. Of each reward, 2 NAV are for the staker, and 0.5 NAV are held in a decentralized treasury, the Community Fund, used for self-funded community initiatives. Users can also mutually merge their xNAV coins over various nodes to facilitate the mixing process that ensures xNAV’s privacy and anonymity. Users are rewarded a fair compensation fee in return for this service. 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 Community Fund to ensure that contributors and projects can be compensated and funded by the network.
Navcoin is a cryptocurrency that was established at 2014-06-02. Navcoin is ranked #2046 by market capitalization. Currently the NAV market cap exceeds 3.32M+ United States Dollar. By market capitalization it is ranked #2046. Daily trade volume is 27,105 USD.
The Navcoin price today in USD is 0.04301708. Through the Navcoin price history, the price ranges from 4.93 USD (all time high) to 0.00055988 USD (all time low). Navcoin price last 24 hours fluctuated from 0.04657381 USD (24h high) to 0.04241162 USD (24h low).
Check the Navcoin value today and exchange rates with more than 15 cryptocurrencies and fiat currencies including USD EUR GBP CNY JPY BRL RUB UAH INR CZK VND TRY CHF SEK BTC ETH BNB
Homepage: http://www.navcoin.org
Block explorers: https://chainz.cryptoid.info/nav/ https://www.navexplorer.com https://nav.tokenview.io https://bscscan.com/token/0xBFEf6cCFC830D3BaCA4F6766a0d4AaA242Ca9F3D https://binplorer.com/address/0xbfef6ccfc830d3baca4f6766a0d4aaa242ca9f3d
Forums:
Reddit: https://www.reddit.com/r/NavCoin
Twitter: https://twitter.com/navcoin/
Navcoin live price may differ in various exchanges. Check NAV real-time data to make informed decisions.
You can buy Navcoin on decentralised or centralised exchanges, via p2p transfers or in individual direct transactions. REVENUEBOT offers an automated trading bot that helps among other things to buy and sell NAV at predefined levels. This way, no matter, day or night, there is no chance to miss the next move. The REVENUEBOT Navcoin trading robot will buy and sell following the strategy chosen by you.
In short, yes. But manual transactions, however fast, still can not be done in less than a second. That is why automated trading took over both traditional and crypto financial markets. Use the current price of Navcoin and trade with REVENUEBOT in less than a second.
In short, only if the current value of Navcoin will be less than the value of Navcoin at the moment of selling in the future. The Navcoin chart can only assist the Navcoin value today versus tomorrow, or the distant future. No one can guarantee you the profit but the REVENUEBOT is free until it brings you money. Please note that information concerning current Navcoin value or any other information on this page can not be considered investment, trading, financial advice or any sort of recommendation to act in the financial market. The content is provided for informational purposes only.
The answer to these questions depends on the NAV supply. Check the Navcoin live chart to see the current supply and predict how long it will take for the coins to run out.
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