NavCoin is a cryptocurrency designed to be anonymous and simple to use. In this article, as Kriptokoin.com, “What is Navcoin?” We will answer the question. In addition to these, we will touch on all the questions about the project.
What is Navcoin? What does NAV do?
The platform belongs to an old class of cryptocurrencies founded in 2014, which preceded the last wave of ICOs. NavCoin stands the test of time well. In the last 4 years, different upgrades, features and improvements have been implemented. The team is a dedicated and highly knowledgeable team. As a result, the platform shows steady growth. At the same time, NavCoin has not seen the growth that other competitors in the race see as the biggest privacy coin. The project saw a comeback in 2017 as it began emphasizing design, usability, and experience. NavCoin wants to make using custom transactions easy and fast.
How does NavCoin work?
The original BTC code is the basis of NavCoin’s code. But the developers have changed many of the core features of BTC. Primarily, NavCoin implements a secondary subchain, also known as NavTech. NavTech provides anonymization and hashing of the transaction. Second, NavCoin replaces BTC’s proof-of-work algorithm with proof-of-stake. At the same time, NavCoin transactions are generally faster and cheaper than BTC. In the future, it will also support decentralized applications that are coded directly to the Blockchain.
From the early days, one of NavCoin’s strong suit has been fast transaction times. NavCoin sees block confirmations every 30 seconds instead of 10 minutes for BTC. This is considerably faster than Monero (2 minutes) and Zcash (2.5 minutes). Dash also has average block times of 2.5 minutes. But Masternodes make it possible to send transactions directly. At the same time, NavCoin has the fastest standard block time of any popular privacy coin. NAV also anticipates scalability concerns. It also uses a proof of PoS consensus algorithm that reduces the energy consumption associated with mining.
What is Navcoin? How to buy NAV?
Exchanges traded with NAV; HitBTC, Bittrex, BITEXLIVE; CoinDCX and Crex24. These steps are followed to buy coins. First, access the web/mobile application of the stock exchange that lists the NAV you selected as the first step. Then complete the account opening steps of the exchange. Complete the next step, the authentication and approval process. Follow the steps of the exchange, which is the next step, to deposit funds. As the last step, choose NAV Token according to the balance amount you want and create a purchase order. Store it in your trusted accounts.
