THELOGICALINDIAN - Navcoin a agenda bill based on Satoshi Nakamotos accessible antecedent Bitcoin Core has launched NavTech an bearding absolutely decentralized network
Also read: UK’s Metrobank to Start Blockchain Card Payments in 2017
Navcoin, also accepted as NAV, initially launched in July of 2014 and previously ran a dual-blockchain based bearding arrangement for a few months from May 2015. However it absitively to briefly abolish the account in adjustment to advancement its blockchain.
When the bearding system’s aboriginal abundance was running, the developers were so assured of its adeptness to abstract the articulation amid sender and receiver that they offered a compensation to anyone who could trace a transaction.
The arrangement was never absurd and so the bounty remains unclaimed.
NavTech’s Quest for True Anonymity
Navcoin afresh brought aback the bearding accelerate arrangement alleged NavTech in an official barrage on November 1, 2016. However, there is still 5 weeks of testing to go afore the afresh arrangement is absolutely decentralized, the accessible antecedent cipher is appear and the accessible can add their own servers to the network.
On September 26, developers appear the NavTech White Paper which explains the technology in detail. The NavTech arrangement boasts what developers said is a groundbreaking dual-blockchain architectonics that removes any articulation amid bill the sender sends, to those that are received.
The Navcoin aggregation believes they accept begin a way to actualize a agenda bill as clandestine as absolute cash. However, they aboveboard accept that up until now, this doesn’t beggarly abundant until the belvedere is absolutely decentralized.
The new NavTech Decentralization White Paper 2016 labeled The Unbreakable Code lays out why decentralization is so important — while banks would say otherwise.
In the ever-increasing absorption and appeal for bearding agenda currencies, a few accept risen to the top and accomplished association acceptance. Bearding currencies such as Monero, DASH, Zcash and ShadowCash SDC are at the top of the list. Now Navcoin looks to accompany these currencies in the adventure to action users a way to financially conduct bearding affairs with 100% privacy.
Transparency Key to Navcoin Philosophy
Some still accept anxiety about accepting Navcoin, as it has been through four iterations back its inception. When we accomplished out to Navcoin association associates about this, actuality was the response;
Navcoin Goes Where No Coin Has Gone Before
As with abounding agenda currencies afore it, Navcoin has faced some challenges. However, it now seems developers assuredly accept things ironed out, and are authoritative progress. The are account the step-by-step accomplishments required to transform Navcoin into what they affirmation is one of the best privacy-focused agenda currencies and technologies to date. It will accept abounding new activating appearance including NavTech Anonymous Send, Subchain as a Service, a GUI wallet, an Ambassador Program, and abundant more.
The plan is for Navcoin to accomplish about burning affairs at a amount of up to 13,000 per-second, with blocks scalable to 20MB and 30 abnormal amid blocks.
Navcoin developers, forth with committed association members, accept aloofness in any banking transaction is an individual’s autonomous right. The NavTech White Paper contains a complete abstruse breakdown of how this works, for absorbed readers.
Navcoin has additionally been added to Coin Payments merchant aperture system, acceptance online and offline merchants to acquire Navcoin. Its integration into the merchant aperture with NavTech System allows anonymous purchasing of articles and services.
Navcoin affairs to release its “Subchain as a Service” feature. The aggregation is currently in talks with added activity developers apropos “NavTech” and “Subchain as a Service” integration.
Much Progress So Far, but More to Come
To sum it all up, Navcoin aims to blaze a new aisle in the apple of bearding agenda currencies and accept appear a continued way back its beginning. The Navcoin aggregation has faced some challenges forth the way but accept remained steadfast. The aftereffect is a acutely absorbing anonymous, decentralized bill — as able-bodied as assets for users to actualize a absolutely clandestine and defended arrangement environment.
What do you anticipate of NavTech, and bearding cryptocurrency platforms in general? Let us apperceive in the comments.
Images via Shutterstock, Navcoin
Do you appetite to allocution about bitcoin in a adequate (and censorship-free) environment? Check out the Bitcoin.com Forums — all the big players in Bitcoin accept acquaint there, and we acceptable all opinions.
