The purpose of this post is to share a bit about Nav Coin in one place. My hope is that the information and links are easy to understand and accessible and to encourage you to learn about this undervalued coin.
To start, NAV isn't simply a "privacy" focused coin. In Q1 2018, it will transform into a "privacy" focused platform/ecosystem. That makes NAV markedly different than other privacy-focused or solely private coins currently on the market. NAV is also POS whereas many coins are still POW, which is where I believe the future of cryptocurrencies are headed – like Ethereum planning to switch from POW to POS in 2018. Here are a few highlights that explain NAV alongside links to help further your research and understanding of what value NAV is planning to bring to the world in 2018 and beyond.
NAV Details at a Glance
NAV's Website: https://navcoin.org/
NAV's Roadmap: https://navcoin.org/project-roadmap/
NAV Team Section: (Scroll Half Way Down) https://navcoin.org/ )
How to buy NAV: https://navcoin.org/exchanges-and-services/ and/or checkout the NAV reddit banner on the right hand side.
Algorithm: POS
Block Time: 30 sec
Number of Transactions/Second: 1120
Coin Circulation (as of 1/1/18): ~62,250,000 NAV
Inflation: 4% (once community fund is up and running in Q1 2018).
NavChain (the teams working title for the anonymous dapps platform)
As I mentioned above will be a privacy-focused platform/ecosystem (I hate linking us to another project, but think anonymity of ethereum/neo). The NavChain (Adapps) whitepaper is set to release in early Q1. What we do know is that developer adoption will be huge as it will be offered in almost any program language and the first planned anonymous application will be NavTech2.0.
Bonus: The devs are developing a working prototype of NavChain as we speak (including a working protoype of NavTech2.0). This will lead to faster development of the actual product.
Read more from the AMA: https://navtechservers.com/ama30102017/
NavTech2.0
Because NAV is a POS coin, NavTech2.0 will make every individual staking wallet have the option to act as a private server, which will create a fully decentralized mesh network of private payment servers. This is truly revolutionary in that it will create a trustless network. It solves the current concerns regarding trusting a small set of servers for private payments.
For more information https://navcoin.org/news/a-guide-to-navtech/
Community Fund
Nav recently passed a community fund which will reduce the staking rewards from 5% to 4%. The purpose is to use the 1% staking rewards to finish roadmap projects; hire more devs/marketers; market product launches; and finish community projects. "This equates to about $1M USD per year (at the current price) to spend on community projects, the core teams development roadmap and marketing initiatives – which will be a huge boost to the project."
Read more here: https://navcoin.org/news/community-fund-success/
Polymorph:
Polymorph is a web service designed to allow users to anonymise any of the currencies which are exchangeable on Changelly. How it works is best summarised by this slide from our 2016 Nav Coin Conference:
The user chooses their input currency & amount, output currency & destination address. Polymorph will exchange whatever currency is input to NAV with Changelly, send it through our dual blockchain private payment platform NavTech, then exchange it back to the specified output currency and send it to its destination.
You can specify the same input and output currencies, or you could actually use it as an exchange service also, inputting BTC and outputting ETH for example.
Copied from our lead dev here: https://www.reddit.com/r/NavCoin/comments/6ii8xm/what_is_polymorph_project/dj6wn02/
NavPay
Check out the most recent NavPay launch:
. If you have android, try it out! It's coming to iOS soon.https://twitter.com/NAVCoin/status/943738103839289344
- NAVCoin
More info here: https://navcoin.org/navpay/
NavPi and coming in 2018 NavPi 2.0 25% complete
The NavPi is the Nav Coin Raspberry Pi 3 Stakebox. With the NavPi you can stake your NavCoin at efficient cost, saving electricity. Use NavPi as passive income generator while you sleep: https://store.navcoin.org/product/navpi-stakebox/
NavPi 2.0 - "After the successful launch of NavPi, we are working towards streamlining the interface. This means a full redevelopment using Angular2 served by NodeJS. This also aims to improve the performance of the front end giving a smoother user experience."
Copied from NavCoin Roadmap: https://navcoin.org/project-roadmap/
Another great resource is https://navtechservers.com/. This website was created by a community member and (reddit moderator /u/navtechservers) as an independent resource guide from the NAV development team. The tutorials/videos/links are extremely helpful!
As always, best of luck in your cryptocurrency research! The NAV community is pretty special and the development team is one of the most communicative teams of all the coins I have ever invested in. I bid you adieu with the latest holiday message from the Lead Developer, Craig MacGregor: https://navcoin.org/news/thank-you-2017/ Cheers!