



NAVCoin:

NavCoin was established in 2014 before the current wave of cryptocurrencies it came about without any pre-mine or ICO, and has stood the test of time as well. It continues to move along at its own pace, and over the years it has seen features added, improvements made and upgrades to its codebase. Thanks to that, and to a dedicated team, NavCoin continues to see consistent growth.





3 Reasons To Watch NavCoin In 2019:

Born out of the ashes of the Bitcoin code and network, NavCoin is an easy-to-use cryptocurrency enabling fast, secure, and cheap peer-to-peer (P2P) payments with the overall goal of lowering global business costs and transactions.





Specifically, the NavCoin website emphasizes one core principle — usability. And, that’s exactly what they’ve done since 2014, creating and deploying countless applications and projects on top of the NavCoin protocol, all in furtherance of mainstream permeation and adoption.





At the very heart of the NavCoin blockchain are 3 fundamental layers:





Protocol: the foundation for the entire NavCoin ecosystem, which is secured by nodes running all across the globe.





NavHub: the second layer of NavCoin’s comprehensive platform, sanctioning the creation and deployment of various projects.





Community: anyone can contribute to NavCoin and be rewarded for their efforts.

NavCoin’s “By its users, for its users” approach is run entirely by its community, which ultimately enables a transparent and truly decentralized governance. It’s also open source, with every single line of code publicly viewable, allowing anyone to contribute and audit the NavCoin blockchain.





Finally, if you’re wondering what separates NavCoin from other P2P cryptocurrencies, look no further. NAV boasts:





Extremely fast transaction times (30 seconds vs. an average of 10+ minutes for other cryptos),

High scalability (current capacity of 260+ transactions per second),

Low-cost transactions (only 0.0001 NAV/transaction),

Payments based on RSA — an asymmetric cryptographic algorithm — for heightened encryption and security,

Proof-of-Stake (PoS) mining (capable of even being run on a 5v Raspberry Pi), and

Highly active community which delivers weekly updates.

While these may seem like standard features for P2P cryptos, it’s rare for a project to support all without sacrificing in other fundamental and important areas. This is what makes NAV a unique and promising cryptocurrency to watch this 2019.





Now, let’s get to it. Below are 3 reasons why NavCoin is worth keeping an eye on this 2019.





Why You Should Keep an Eye on NavCoin in 2019.





1. NavTech: Tried and Tested Encryption

At the core of a functional and effective transactional coin is encryption, something which NavCoin has tested and refined over their 4+ year tenure in the crypto-sphere.





Most notably, NavCoin improves upon 2 core vulnerabilities plaguing traditional blockchains and cryptocurrencies:





A highly public transactional link between senders and receivers, which opens up user privacy to malicious actors and other third-parties, and

Sensitive data and information vulnerability, which requires blockchain databases to “roll back” to various backup points after corruption, triggering missing transactions and value.

But how does NavCoin remedy the above 2 vulnerabilities? Simple. A dual blockchain.





Through the utilization of NavTech, a dual blockchain-based private payment option operating in parallel to the NavCoin blockchain and protocol, transactional information and data is “optionally” encrypted and sent via a secondary blockchain, severing any transactional link between a user’s public and private data and information.





For example, when executing a transaction across the NAV network, a sender will send their NAV to the NavTech subchain (skirting direct transfer to the recipient). The NavTech subchain then utilizes several layers of encryption to randomize and obfuscate metadata inference of NavTech transactions, ultimately splitting transactions with time-delayed outputs.





The final payment is then sent to the intended recipient from a NavTech-governed and controlled token pool. Simply put, the original tokens first sent by a sender are completely different from the actual tokens the recipient receives.





NavTech uses RSA encryption, which has been widely studied and praised as a “robust encryption method” due to its usage of 2 separate cryptographic keys (public and private) — one key (public key) is able to be given to anyone, while the other key (private) is retained and kept private by the user.





The core advantage of RSA encryption is attributed to the realizable difficulty of the factorization of the product of 2 huge prime numbers, which in turn prevents decryption of sensitive information/data. And, unless a malicious actor has knowledge of both prime numbers, decoding of the subject message and information is likely infeasible.





NAV’s high levels of encryption and privacy provide users with “a democratic choice to make their financial transactions private,” should they decide to simply tick a box that they’d like their transaction to be anonymous.





They are also in the process of redesigning NavTech (NavTech 2.0 “Rimu”) for 2019, to make the private payment system entirely “trustless and distributed running at a protocol level.”





NavTech 2.0 is set to roll out several heightened privacy features, such as:





Dummy Transactions: used to cloak real transactions amongst a barrage of “fake” transactions — important for when NAV suffers from low trade volume.

Multiple Receiving Wallet Addresses: receiving NAV wallets enjoy multiple addresses to further obfuscate transactions, meaning when the NavTech subchain transacts with a receiving wallet, it doesn’t actually send the NAV to a single address, but a series of addresses.

NavTech Server Wallets: instead of finite and limited number of servers processing private transactions, every NAV wallet will become a NavTech server (or mesh network), where every wallet contributes towards a full decentralized network.

2. Growing Merchant Adoption