Navcoin NAV Price 0.04557142

What is the name of the coin? Navcoin is an open-sourced digital currency that offers fast and reliable payments with innovative technological and privacy features. Public NAV coins can be converted to xNAV, a privacy coin that guarantees untraceable transactions. The project does not have a central decision making authority. xNAV is built on top of the self-developed privacy protocol and is designed to allow people to express themselves financially and transact as they please. BLS protects the origin of individual transactions by putting a group of signatures into a single signature. Privacy is ensured for the receiver of a transaction. Navcoin can scale effectively and support a high amount of transactions across the network and users' transactions are completely shielded and untraceable. Users are able to combine their coins with other people's transactions through Navcoin's network, but anyone trying to monitor transactions is unable to tell if a transaction has been aggregated or not. Dandelion is used to send anonymous requests for coins. The session and their coins can be broadcast. xNAV is able to support high quantities of transactions across the network with shielded and untraceable transactions. Navcoin's network is secured by a Proof of Stake consensus mechanism, so anyone can use their NAV to verify transactions. The Proof of Work consensus mechanism requires miners to calculate huge mathematical problems to process transactions and earn rewards. This requires expensive hardware and is very energy intensive. NAV is the block reward for 30 seconds. Community members play a crucial role in maintaining a fair system of decision making. Protocol administration and consensus changes are subject to an open voting system in a Decentralized Organization. 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.