Nav Coin: A Smart Investment Decision?

NAV Coin is a cryptocurrency that has been publicly traded since 2014. It is one of the first cryptocurrencies to offer complete anonymity to its users. This is achieved by scrambling and randomizing transactions, making them unidentifiable. The link between the sender and receiver, along with their IPs and tracking information, is completely destroyed. This, coupled with the use of TOR, allows users to spend their Nav Coins in complete privacy and safety. The transactions are also confirmed in a matter of seconds, making it a favourable choice for merchants and retailers. Additionally, NAV wallets can be put on stacking mode, allowing users to receive up to a 5% interest. The constant presence of NAV Coin on the biggest cryptocurrency exchange markets has convinced many users to switch to this innovative coin.

Anonymity and privacy

NAV Coin is one of the first cryptocurrencies to offer complete anonymity. Its transactions are scrambled and randomised, and the link between the sender and receiver, along with their IPs and tracking information, are completely destroyed. This is achieved through NAV Tech, the company's own mixture of Bitcoin blockchain and the Subchain.

The Subchain is a secondary blockchain that directs transactions between receiving and sending servers. Previous anonymous cryptocurrencies relied on a singular blockchain and insecure data storage, making transactions ultimately traceable.

The core technology behind NAV Coin is based on splitting transactions into a random number of parts, scattering them across multiple blocks with small time delays, and then rejoining them before splitting them again. This process creates several identical transactions on the network, ensuring maximum anonymity.

The system is open-source and fully decentralised. It does not rely on a single point of failure for transactions to pass through. Instead, the nodes in the mesh network can be run independently without needing a central server or database. This zero-trust system allows users to decide whether to delegate their powers to a third party, host their own, or even fork the project and write the Subchain as they prefer. This layered structure gives end users autonomy and privacy over their finances.

The use of TOR further enhances the privacy and safety of NAV Coin transactions. TOR is an open-source software that enables anonymous communication by directing internet traffic through a free, worldwide, volunteer network, thereby concealing the user's location and usage.

The privacy-centric design of NAV Coin's network ensures that transactions are not only anonymous but also secure. The system employs 13 hash functions and various encryption techniques to protect user information and maintain an unbreakable environment.

The combination of anonymity, privacy, and security makes NAV Coin an attractive option for individuals and entities seeking confidential transactions and smart contracts, particularly in dangerous and undemocratic environments.

Low fees

NAV Coin is a cryptocurrency that has been trading since July 2014 and was one of the first fully anonymous cryptocurrencies to run purely on blockchain technology. It is also one of the first cryptocurrencies to be completely anonymous, with transactions being scrambled and randomised to ensure they are unidentifiable. This is achieved through NAV Tech, the company's own mixture of Bitcoin blockchain and the Subchain, which is a secondary blockchain that directs transactions between receiving and sending servers.

One of the key advantages of NAV Coin is its low fees. Users who choose to run a NAV Tech cluster can independently decide on the fees they will charge for transactions done through their network. This allows them to cover server operational costs and generate income. The low fees, along with other features, make NAV Coin an attractive option for merchants and retailers, both in digital and physical markets.

The low fees are also advantageous for users looking to stack NAV Coins and earn interest. With a staking mode, users can receive up to a 5% interest rate, guaranteeing profitability and less computational work. The low fees and interest-earning potential make NAV Coin a compelling option for those seeking to grow their digital assets without incurring high transaction costs.

Additionally, the NAV Coin Foundation is committed to ensuring maximum usability by providing multiple payment methods for purchasing NAVs, including fiat currency, PayPal, and debit cards. This accessibility further enhances the appeal of NAV Coin as an investment option, as it lowers the barrier for entry and allows a broader range of individuals to invest in the cryptocurrency.

In summary, the low fees associated with NAV Coin make it a competitive and attractive option for investors. With the ability to set transaction fees, users can minimise costs while also benefiting from the speed, security, and anonymity that NAV Coin offers. The potential for stacking and earning interest further enhances the attractiveness of NAV Coin as a low-fee investment option.

Fast transactions

NAV Coin offers super-fast transactions, with confirmation in a matter of seconds. This is an impressive feat, as such a high level of privacy and security usually means long waiting times for transfers. The 30-second block times mean there are no bottlenecks in the selling process, making it easy and painless to spend digital money.

The speed of transactions is a huge advantage for merchants and retailers, both in digital and physical markets. This lightning-fast speed puts the coin in an extremely favourable position and will likely attract more vendors to adopt it as a payment method.

The speed of transactions also means that NAV Coin is an excellent choice for those looking to trade and move their assets quickly and efficiently. The 30-second block times ensure that there is no delay in the process, allowing users to take advantage of market opportunities as they arise without having to worry about slow transaction speeds impacting their ability to act.

The fast transactions, coupled with the low fees, make NAV Coin an attractive option for those looking for a quick, efficient, and cost-effective way to move their digital assets. This is especially beneficial for those who frequently trade or make transactions, as the speed and low fees can lead to significant cost savings over time.

The speed of transactions is also beneficial for those who want to stake their coins. With NAV Coin, users can receive up to a 5% interest rate on their staked coins, and the fast transactions mean that they can quickly and easily move their funds if they need to. This flexibility is a significant advantage for those who want to maximize the returns on their investments.

Staking and mining

NAV Coin uses a Proof of Stake algorithm to process transactions and secure the network. This means that holders of the coin can stake their investment and receive 5% rewards of their balance per year for doing so. This is done by simply changing the wallet to staking mode. This is a much more energy-efficient method of transaction verification than the more common Proof of Work system, which requires expensive hardware and a large amount of energy.

Staking is much easier than mining, as all that is required is to have the wallet open with coins in it. There is no minimum amount of NAV Coin required to begin staking, but it has been suggested that staking with fewer than 1000 coins can be challenging. It is also possible to use a Raspberry Pi to stake, which is a low-cost, low-energy method of staking.

To set up staking, you will need to download the Nav Coin core wallet and choose the install location. You will then need to wait while the blockchain is downloaded (around 1.5GB). To send your coins to the wallet, click the “Receive” tab where you will be given your address along with its QR code. You can generate as many addresses as you like. It is important to back up your wallet in case you have to restore it in the future. To do this, visit the “File” menu and click “Backup Wallet” and a wallet.dat file will be generated for you. You should back this up somewhere safe, like a USB stick.

Once the blockchain has been downloaded and you have your Nav Coins in the wallet, you will be staking.

Active community

NAV Coin has an active community that is constantly growing. The community is one of the most loyal ones orbiting a blockchain currency, and its growth has been a cornerstone of the project. The end user is put in charge of important decisions, which has proven to be a great strategy to ensure constant growth even during critical times.

The community's consensus on the activation of Segregated Witness was reached in just two weeks. Seg Wit is an update to the core technology behind NAV Coin, which has to be approved by the mesh network where it is going to be applied. This update will add more flexibility to NAV Coin's blockchain and NAV Tech Sidechain, allowing them to implement all the updates included in the project roadmap, such as anonymous decentralized applications and the enforcement of smart contracts technology.

The market responded well to this community effort, increasing NAV's value against the US Dollar by more than 300%. The active community, along with the ease of use of the service, is contributing to the steady growth of NAV Coin.

Frequently asked questions