NavajoCoin (NAV) is named after the Navajo Code Talkers, who made outstanding contributions to encrypted communication during WWII. Its goal is to establish an unbreakable anonymous transfer system, and it is currently developing a dual-encryption anonymity system. Using the X13 algorithm, it offers 30-second confirmations and has entered the Proof-of-Stake (PoS) phase with a first-year interest rate of 20%. The total Proof-of-Work (PoW) supply is 50 million.
NavajoCoin is an open-source, blockchain-based Proof-of-Stake cryptocurrency. It is designed to be public, with no one owning or controlling NavCoin; everyone can participate. This is a platform run by its users for its users - featuring an incentivized node network that verifies payments globally.
Use Cases
1. NavTech Wallet
Offers NAV coins, Subchain services, and NavTech transaction features within a single wallet, making NAV a fully decentralized mesh network.
2. Anonymous Decentralized Software
We are researching the best methods to build an anonymous decentralized software platform.
3. Polymorphic NAVTech
In partnership with Changelly Instant Exchange, allowing our users to make anonymous payments and trade at least 25 cryptocurrencies.
Project Features
- Faster transaction times (30 seconds versus over 10 minutes).
- Low-cost transactions (only 0.0001 NAV).
- Participating in Proof-of-Stake mining does not require running large servers. Even a 5v Raspberry Pi can run it.
The above information is sourced from the NavajoCoin official website.
Related Links:
https://info.navcoin.org/faq/