NAVCoin jumed more than 80% today entering into the top 100 cryptos according to market cap.
But what is NAVCOIN?
Unlike bitcoin and many other coins, NAV is one of the first crypto that came in 2014 which is completely anonymous. According to NAV, the company mixed both Bitcoin and the Subchain, making it anonymous by scrambling and randomizing to make sure that it is completely untraceable. Nobody can trace who send the money and who receives it. All the records are destroyed completely.
What is Proof of Stake?
NAV Coin uses hybrid POS/POW and uses 13 hash functions to make sure that your transactions are not only anonymous, but also that it constantly works in an unbreakable environment. After downloading the wallet from the NAV official website users can put the wallets into stacking mode allowing users to receive 5% annual interest which is guranteed and it requires less computational work as well. (which means u can do it with your pc). NAV is also making sure that mining is profitable in the long run as well, (as in the case of bitcoin we require special equipment to mine it, which is still not enough to get profit), even on the low power rigs or equpiments.
** HOW THE TRANSACTIONS ARE MADE ANONYMOUS IN NAVCOIN?**
So, the nav transactions are encrypted in such a way that it is impossible to tell who sent what amount of coins. And this tech is based on splitting transaction in a random amount of parts in a block which are scattered accross all the blocks with small delays to ensure maximum anonymity. After a while these fragments are merged back, then split once more so that several identical transaction are created on the network (It is really cool right?)
Should we Invest in it?
I am not financial advisor but i think this coin has great future above us and i will definately recommend to invest in it, as long as you can afford to lose, if it didn't work out. The system of NAVCOIN is completely decentralized. NAV Tech’s Subchain does not rely nor require a single point of failure where the transaction have to pass through, the nodes in the mesh network can be run independently, without needing a central server or database acting as a middle-man. By the end of 2017, bot the navcoin and the subchain will be joined into a single multi chain wallet, and as soon as new nav coin core gets updated and joined with anonymious subchain, developers will restrat the blockchain and subchain source with this new system.
#HOW DO I BUY NAVCOIN?
NAVcoin has recently joined with challengly to buy NAVcoin easily with a simple click. There are couple of exchanges you can buy NAVCOIN from. Buy bitcoin from Coinbase and then transfer them to bittrex and exchange it with NAVCOIN or exchange bitcoin with NAVCOIN on challengly.com.
MAKE SURE TO TRANSFER THE COINS INTO YOUR WALLET, NEVER KEEP IT ON EXCHANGE
yes but according to me nav coin is best for long term, i m holding at for long term, nav coin and there project have potential give you good rewards, do your own analysis before investment ,
yes, i think so too.
5% interest for holding it in wallet is pretty interesting too. Lets see where it goes :)