NavCoin is an open-source, blockchain based Proof of Stake cryptocurrency. Its design is public, nobody owns or controls NavCoin, and everyone can take part. It¡¯s a platform that¡¯s run by its users, for its users - with an incentivised network of nodes verifying payments all around the world.
There are no banks or intermediaries that run NavCoin, and no one you need to deposit your money with. All payments are peer to peer, and managed by your wallet. Unlike the current system, you have total control of your money, and a say in how the network is run.
Blockchains by their nature are public ledgers that allows anyone to view every transaction ever sent, which makes privacy a challenge. NavCoin is dedicated to providing privacy for users, so that your information can only be given with your consent, not taken.
Security is the number one priority for NavCoin, which makes cold staking an important upcoming feature to be implemented. Instead of having all your coins connected to the internet - this allows you to participate in staking the network, while also keeping your coins offline for added protection.
You can personalise your wallet using OpenAlias, which allows you to create an email-style address for your NAV. The service is built on top of the worldwide DNS service to convert a domain name into a cryptocurrency address, making sending a payment easier than ever.
With nodes all around the world, the NavCoin network is running 24/7. As long as you¡¯re connected to the internet, you can send & receive payments anywhere in the world, at any time of the day, with no downtime - making it ideal for digital commerce.
In the digital economy, sending payments around the world should be fast, cheap, and easy to do. NavCoin can be sent for a fraction of a cent, will show up within seconds (confirmed in 30 seconds), and there are a range of wallets designed to make sending NAV effortless.