Navcoin (NAV)
A Decentralized Privacy Platform.- Navcoin was fairly launched in 2014, without premine or ICO.
- All transaction fees are burned and removed from the circulating supply since a new consensus change was activated in December 2021.
- Being a privacy-focused open-source crypto ecosystem, Navcoin’s mission is to provide people with the tools they need to protect their financial privacy.
- Their unique privacy technology, blsCT, is a self-developed privacy protocol, combining Boneh-Lynn-Shacham (BLS) Signatures and Confidential Transactions (CT).
- Navcoin's network is secured by a Proof of Stake (PoS) consensus mechanism, which greatly improves the energy requirements compared with POW, thus reducing the environmental impact.
- Navcoin is a community-based project with DAO governance, through which stakers can vote on protocol administration and consensus changes, make consultations, or vote on proposals submitted to the Community Fund.
- The protocol has a self-funded Community Fund, to ensure that contributors and projects can be compensated and funded by the network.
- The protocol has a fixed reward of 2.5 NAV per block, with block times of 30 seconds. Of each reward, 2 NAV are for the staker, and 0.5 NAV are held in a decentralized treasury, the Community Fund.
- The network supports the wrapping of native NAV to wNAV, connecting Navcoin’s protocol to other ecosystems like BNB Chain or Ethereum.