What is NAV Coin?
NAV is a secure open source platform that puts the privacy of its users first and it was built out of Bitcoin core’s software meaning it has some similarities with Bitcoin. It uses a mix of Proof-of-work and Proof-of-Stake protocol with 13 hash functions for user data encryption. To make user data is completely anonymous, the encryption software simply removes the user’s IP address and randomizes all the necessary data and then effect transfer through a sub chain. This sub-chain is what is unique about NAV and is what gives it the privacy edge as it completely disconnects the sender from the receiver making everything anonymous. Users can also choose to send funds from NAV’s wallets either anonymously or as normal transactions.
Segwit has been implemented on NAV-block sizes can be scaled up to 20MB-and when Lightning Network comes to force, it can run smoothly on the platform. Additionally, users can run smart contracts and by extension anonymous Decentralized apps ADApps.
Founders: Craig MacGregor from Encrypt S Limited
Release Date: June 2, 2014