NAV

블록체인 기반 결제 암호화폐

home link https://navcoin.org

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Exchanges that listed the coin
3
Symbol
NAV
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To be released
Project introduction

나브코인은 트랜젝션을 익명으로 처리하기 위해 탄생한 코인입니다.

익명성 강화를 위해 서브 체인을 활용하여 응용 프로그램 플랫폼을 구축하고 있습니다. PoS 프토토콜을 사용하여 연 5% 수준의 이자를 지급하며, 빠른 전송을 목표로 하여 현재 블록생성 시간은 약 30초입니다.

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Medium

Final binaries of Navcoin C...

The launch of our very much awaited new private coin xNAV was kickstarted two weeks ago on January 1st with the publishing of the Navcoin Core 6.0 release candidate binaries.After being able to get the builds battle-tested on mainnet during the testing period, the builds have shown to be stable and with no major reported issues.As of today, we are ready to make the final version available for our community to download from our Github releases page.What’s newOur latest release brings improvements to governance and security, and also allows NavCoin to make significant upgrades to privacy and coin utility through the development of xNAV, our new private token. xNAV is supported by our novel blsCT protocol which brings an efficient and privacy-respecting currency to life, and allows anyone to take control of their financial transactions while retaining their anonymity.User security is greatly enhanced by the introduction of full wallet encryption allowing wallet transaction data to be fully encrypted. This works in unison with our cold staking functionality, which allows staking to be carried out by offline wallets, further reducing the risk of security flaws and helping to secure all users’ funds.Pull Request 745 proposes a consensus change that will allow the excluding of stakers from DAO voting. Here, nodes which may be exchanges activating staking or any users who do not want to participate in voting procedures, will be able to exclude their staked blocks from the quorum by indicating their position. Nodes will also be able to automatically label their blocks to be excluded anytime the staker has been inactive in any of the last 10 voting cycles which had an active vote.You can read the full release notes here.How to upgradeSimply download the pre-built binaries for your operating system from our Github releases page and proceed as normal. No extra actions are required.You can verify the integrity of the binaries by verifying the Gitian signatures available here against the public key 2782262BF6E7FADB (keys.gnupg.net) or by checking the SHA256SUM of the distributed packages against the one we’ve published in our Github releases page.If you wish to build from sources, you can find full details on our documentation site.When do I need to upgrade? Is it mandatory?We recommend everyone to upgrade as soon as possible and participate in the votings to decide for the activation of the new protocol rules. The votings will start on February 1st. Once a majority of 75% of the staked blocks signal a positive vote for any of the protocol upgrade proposals, during a period of 20160 blocks, such upgrade will get locked in. When reaching such state, every node MUST upgrade to NavCoin Core 6.0.20160 blocks after the block where any upgrade is locked in, the new protocol will come into effect and every node running an older version will stop staking and accepting new blocks. Nodes upgraded which voted no for any activated change, will still continue to function normally and accept the new consensus rules.In no case the activation would happen before the 15th of February. The concrete date will depend on how fast the network upgrades and the count of positive votes each of the changes is able to get. Once a new consensus rule gets locked in, we will announce it through our communication channels.How can I vote for the new protocol rules?Navcoin Core 6.0 will vote “YES” by default to both the xNAV and Exclude Blocks upgrade. If you wish to change your vote for any of the proposals, you will be able to do it introducing the following entries in your navcoin.conf file:For voting ‘no’ to xNAV:rejectversionbit=10For voting ‘no’ to Exclude Blocks:rejectversionbit=12Do I need to set up anything different if I’m an exchange operator?Please add the following options in your navcoin.conf file:excludevote=1blsctmix=0Final binaries of Navcoin Core 6.0 are now available to download was originally published in NavCoin Collective on Medium, where people are continuing the conversation by highlighting and responding to this story.

NAV

21. 01. 15

Binance adds NAV to their l...

We are very excited to share the news that NAV has been added to the Binance Locked Staking program.Navcoin’s network is secured by a Proof of Stake (PoS) consensus mechanism, which means that anyone can use their NAV to help validate transaction blocks. The PoS mechanism is inclusive in nature and allows all community members to act as network validators. By comparison, the Proof of Work (PoW) consensus mechanism that Bitcoin uses requires miners to operate powerful computers that are able to calculate huge mathematical problems in order to process transactions. The first computer that ‘solves’ the problem receives a reward for doing so and this mining process requires expensive hardware, access to cheap electricity, and is extremely energy intensive. PoS does away with these resource intensive requirements and the entry barrier to take part in staking on the network is lowered.With the addition of NAV to the Binance staking catalogue, traders who keep their coins in the exchange will be able to earn passive income from their holdings and contribute to strengthen the security of our network, as their NAV will participate in the transaction validation process.You can read more about the Binance locked staking program conditions in their announcement.Binance adds NAV to their locked staking program was originally published in NavCoin Collective on Medium, where people are continuing the conversation by highlighting and responding to this story.

NAV

21. 01. 14

Our Ongoing Commitment to P...

From the inception of NavCoin we have sought to develop innovative protocols that allow anyone to transact freely and to maintain their own personal financial privacy. Along our journey, we have tried and tested a number of privacy protocols and our novel Boneh-Lynn-Shacham Confidential Transactions (blsCT) solution allows us to provide xNAV which enables completely private transactions. At the same time, NAV facilitates fully transparent, public payments and this dual system significantly expands the capabilities and utility of NavCoin.Pioneering Technical SolutionsNavCoin has been at the forefront of developing privacy respecting crypto solutions since 2016 and has pioneered a number of technological solutions. These include our unique and self-developed privacy protocol called Boneh-Lynn-Shacham Confidential Transactions (blsCT) which works to protect users’ privacy.Successfully arriving at blsCT has taken a significant amount of work which dates back to late 2016 when one of our earliest solutions was able to remove the identifying links between coins being sent and those being received. This was groundbreaking at the time, and set the ball rolling for the ongoing development of cutting edge privacy protecting solutions. Fast forward four years, and our blsCT protocol fully supports the sending and receiving of anonymous transactions across our peer to peer (P2P) network.How does blsCT work?To try and keep it short, blsCT merges Boneh-Lynn-Shacham (BLS) Signatures and Confidential Transactions (CT). BLS enables a group of signatures to be compressed into a single compact signature that can be used to authenticate the entire group, thus effectively helping to shield the origin of a transaction.Confidential Transactions is an established cryptographic protocol which encrypts and shields the amounts being transacted, and blsCT also incorporates Stealth Addresses in order to maintain complete privacy for both the sender and receiver.When using blsCT, two transactions can be merged into one, and transactions can be aggregated an infinite number of times. This allows NavCoin to scale effectively and support a high quantity of transactions across the network and users’ transactions are completely shielded and untraceable.Anyone trying to monitor transactions being made through our network is unable to tell if a transaction has been aggregated or not, and users are able to merge their coins with other individuals making transactions.When doing so, a user’s wallet uses Dandelion++ to send an anonymous request for coins from other nodes. These nodes can then connect anonymously using Tor once the session is broadcasted, and the sender can randomly select several coins from the responses received. These coins are in turn mixed together with the original user’s coins, and then sent to the network, and this system ensures true privacy while also enabling anyone who helps to facilitate the mixing-process by providing liquidity to receive a fee for their service, and generate a passive income.Facilitating Security and FlexibilityVia blsCT, NavCoin offers xNAV which is a completely private token, enabling anonymous transactions and financial interactions. xNAV can be used by anyone wanting to maintain their financial privacy and transact liberally without having to worry about being monitored by any organization or individual.However, xNAV is not a single solution, and we have developed a dual coin system that allows for greater flexibility for all our users. While xNAV supports completely private transactions, NAV can be used to make transactions that are public and fully transparent. The development of NAV further empowers all NavCoin users, and places the choice of whether to make permanently recorded public transactions in the hands of each user.This choice allows for a greater range of use cases as NAV facilitates group payments, donations, grants, and payments from budgets and treasuries that can be verified and are fully transparent in nature. xNAV secures financial data and allows users to retain full ownership of this precious commodity.NavCoin remains fully open source, and decentralized with no centralized servers or trusted set-ups, and our network is supported by cutting edge cryptography. We continue to press ahead and have been working hard to prepare for the NavCoin Core 6.0 release. In addition, 2021 will bring further innovations and improvements related to the utility and integration of xNAV to further enable all NavCoin users to take control of their financial activities and express themselves as they wish.Our Ongoing Commitment to Protecting Privacy and Expanding Utility was originally published in NavCoin Collective on Medium, where people are continuing the conversation by highlighting and responding to this story.

NAV

21. 01. 11

Our Community Focused Innov...

The drive to innovate and break new boundaries for cryptocurrencies have been significant factors underpinning all of our development work. In addition, supporting our passionate community, and remaining community focused are central to our operations and also help to guide our ongoing development. We place a strong focus on creating solutions that allow anyone to transact freely without intermediaries, and to interact across our network in a way that allows each user to maintain their own personal privacy. Having a highly involved community is key to achieving true decentralization and our network is supported by community members taking an active role in validating transactions and protocol governance.Securing our Network with Proof of Stake (PoS)Our network is secured by a Proof of Stake consensus mechanism, which means that anyone can use their NAV to help validate transaction blocks. The PoS mechanism is more inclusive in nature and allows all of our community members to act as network validators. By comparison, the Proof of Work (PoW) consensus mechanism that Bitcoin uses requires miners to operate powerful computers that are able to calculate huge mathematical problems in order to process transactions. The first computer that ‘solves’ the problem receives a reward for doing so and this mining process requires expensive hardware, access to cheap electricity, and is extremely energy intensive.Proof of Stake does away with these resource intensive requirements and a 5v Raspberry Pi can successfully take part in staking on our network. We have also designed the NavCoin Core wallet to make staking as straightforward as possible, and in order to participate in validating transactions, it’s just necessary to install the wallet, transfer your NAV over, and then unlock your wallet for staking from within your settings. This easy to use system allows anyone to contribute to validating transactions, and simply just requires an individual to hold and stake NAV coins.Decentralized Community-Based GovernanceIn addition to helping to secure the network, our PoS consensus mechanism enables all public NAV holders to get involved with governing our platform. There is no central authority controlling NavCoin, and community members play a crucial role in maintaining a fair and decentralized system of decision making.As a result, NavCoin operates as a truly innovative Decentralized Autonomous Organization (DAO) with all protocol administration and consensus changes being subject to an open voting system. All community members holding their NAV on the public side can participate in the DAO by staking their coins, and each stake is the equivalent of one vote. This gives each wallet holder a say in protocol governance, and allows them to vote on any proposals that arise. To ensure widespread participation, there is also no minimum staking amount required for anyone to take part in voting.Innovative Self FundingOur governance system also incorporates a decentralized treasury and work to develop a self funding mechanism dates back to December 2017, when a vote was held to decide whether to move forward with establishing a community fund within the consensus model. The voting was in favour which led to a soft fork in June 2018 in order to reduce staking rewards to 4% per annum with 0.25 NAV being burned every block to the community fund. The fund was officially released in October and became the first decentralized dual-consensus model for on-chain governance.Our community fund combines with our DAO voting system to ensure that contributors and projects can be compensated and funded by the network. Currently, there is a block reward of 2.5 NAV, with 2 NAV being redirected to the staker who found the block, and the remaining 0.5 NAV is accumulated in the community fund.Proposals can be submitted to a DAO vote, and when a proposal is accepted, the requested funds can be locked. These funds can then be released to a designated address through one or more separate payment requests, and this ensures efficiency by allowing the community to check the quality of the work while the funds are released in part. At the same time, this system allows the author of the proposal to secure partial payments before fully committing to completing the scheduled work.Our governance system continues to evolve, and in May this year, the NavCoin DAO extension was released. This extension enables the community to vote on the allocation of treasury funds, and on changes to its network consensus parameters. The extension also enables a non-binding on-chain voting mechanism called consultations.Ease of Use for AllWe also strive to ensure that the NavCoin platform is accessible and easy to use, and making peer to peer (P2P) transactions whether public or private, voting, and staking are designed to be intuitive processes for users of all experience levels.In addition, cold-staking has introduced transactions being associated with two private keys instead of one. As a result, one of the keys is used for spending while the other is only used for staking, and this allows users to keep their spending key offline and to stake from completely secure, offline wallets.We will continue to provide user focused solutions over 2021 and anonymous xNAV staking, and private voting will be launched later in the year. Don’t forget that the network vote for the activation of xNAV starts on the 1st February 2021 so make sure to keep an eye on our social media channels for all the latest updates.Our Community Focused Innovations was originally published in NavCoin Collective on Medium, where people are continuing the conversation by highlighting and responding to this story.

NAV

21. 01. 06

What the Bittrex Privacy Co...

Bittrex exchange announced just days ago that it plans to remove trading pairs involving the Monero, Zcash, and Dash privacy coins.The exchange will remove the following markets on Friday, January 15, 2021, at 23:00 UTC.BTC-XMR, ETH-XMR, USDT-XMRBTC-ZEC, ETH-ZEC, USDT-ZEC, USD-ZECBTC-DASH, ETH-DASH, USDT-DASH, USD-DASHBittrex has also announced that its users may receive up to 30 days to withdraw the delisted coins; however, this withdrawal period may be shortened. This has been a somewhat sudden decision, and is actually not in keeping with the sentiment of established and regulatory compliant exchanges such as Gemini and Kraken.Following the announcement, Gemini CEO Tyler Winklevoss took to Twitter to show his support for Zcash, a privacy protocol with public and private transaction capabilities which shares a similar ethos to our NAV/xNAV coins. Kraken CEO Jesse Powell has also voiced his opinion on Twitter stating that there is little regulatory rationale behind the decision, and the delistings are specific to the business practices of Bittrex exchange.The exchange saw its application for a virtual currency and money transmitter license being rejected by the New York State Department of Financial Services (NYDFS) in April 2019 and one of the reasons given was the failure to meet licensing requirements related to deficiencies in Bittrex’s BSA/AML/OFAC compliance program.It’s important to note that the NYDFS has cleared the listing of Zcash on exchanges such as Gemini, and the decision by Bittrex does not affect NavCoin in any way. The Perkins-Coie whitepaper featuring privacy by default coins like Monero highlights that regulated entities can remain compliant with anti money laundering (AML) legislations while supporting privacy coins.As a result, there is a legal framework supporting the listing of privacy coins and these delistings are a decision that is being taken solely by Bittrex exchange. However, we would like to reiterate that initially only our public NAV coin will be traded on centralized exchanges (CEXs).This completely does away with any issues related to delistings related to worries about compliance, and our public NAV coin remains perfectly suitable for regulatory compliant exchanges in all jurisdictions. Additionally, the ability to attach an encrypted message to xNAV transactions also allows transfers to remain compliant with the Financial Action Task Force (FATF) travel rule. In order to achieve compliance, exchanges must provide information on crypto transfers about both the originator and beneficiary much in the same way as bank transfers so that the details can be checked as required.However, the NavCoin Core team would like to state that no regulatory pressure will ever result in dampening our conviction about privacy and we will always work to protect user’s privacy. We would also like to reiterate our full commitment to creating comprehensive privacy tools that allow people everywhere to financially express themselves as they desire.In an ever-changing world, privacy remains a fundamental human right and people around the world should be able to communicate and transact with each other without having to fear scrutiny from external bodies and possible reprisals. Journalists, aid workers, and individuals working for non-profits and Non Governmental Organizations (NGOs) are just some of the individuals in need of robust, easy to use privacy solutions that allow them to work efficiently without worrying about interference from hostile governments. Furthermore, everyday situations such as sending funds to friends and family, and paying for goods and services should also be able to be carried out with the ability to retain your own personal privacy.In order to improve the utility of our privacy coin and to strengthen the resilience of our network we are focusing on securing the infrastructure needed for listings on decentralized exchanges (DEXs) and integrating our completely private xNAV with a number of DEX solutions.This will further enable us to protect ourselves from centralized decisions, and remain antifragile in a constantly evolving crypto economy. As a result, the Bittrex privacy coin delistings mean that nothing has changed for the NavCoin core team or the NavCoin global community. Our commitment to upholding privacy and security remains as strong as ever and everyone using our suite of tools can be sure that we place our community of users first, and will continue to do so regardless of any shifts in crypto exchange business practices or regulatory pressure.What the Bittrex Privacy Coin Delisting Means for NavCoin was originally published in NavCoin Collective on Medium, where people are continuing the conversation by highlighting and responding to this story.

NAV

21. 01. 05

The future of NAV as a priv...

It’s finally back.Privacy has always been in the spirit of NavCoin. Our old nomenclature, NavajoCoin, was a homage to the American Navajo tribe of code talkers, who played a crucial role assisting the Marines during the WWII. Their performance excelled that of the existing code-breaking machines at the time. We wanted to translate that excellence into a cryptocurrency, as we rapidly saw the unsuitability of public blockchains when securing the access to our own financial data. Our goal was to create a value-transfer system which protected the privacy of its users.Back in 2016, we presented the innovative NavTech, our first privacy solution. Users were able to operate their own mixing nodes, making them collect fees from transactions while providing liquidity for others to shuffle their coins with. Since the release of NavTech, we aimed to improve the system we designed. We sat down and started to research how we could refine it.There were mainly two weak points in our previous protocol. NavTech appealed to the use of denominations (breaking a whole amount in different multiples) in order to obfuscate the value transacted. While hard to reconstruct the exact amount for a human observer, it was proven that the use of mathematical heuristics could help to link the two sides of a transaction by establishing connections based on how the amounts were split.A second weak point was the fact that NavTech required trust in the individuals who acted as operators of the mixing nodes. This did not align with our purpose of building trustless decentralised technologies.2020 just came to an end. It took us 4 years to bring to fruition a substitute for NavTech. Our new privacy proposal, xNAV, solves the aforementioned issues and opens new exciting doors for the future of NavCoin.Thanks to blsCT, our novel self-developed cryptographic protocol, not only amounts are now obfuscated in a way that observers can’t elucidate the value transacted, but also both the sender and receiver of a transaction. The new private token xNAV and its mixing protocol built on top of blsCT, make the whole network of NavCoin nodes operate as an indestructible decentralized mixing network with no trust involved. This is a major improvement compared to NavTech.The additional scalability advances result of the aggregation capabilities of BLS signatures and the support for scripting and smart contracts make us very excited about the potential of xNAV. A whole range of applications will be able to profit from its privacy enhancing features. We are looking forward to see NAV and xNAV integrated in some of the most exciting DeFi tools.The launch of xNAVToday, 1st of January of 2021, we kick start the launch of NavCoin Core 6.0, which features the first implementation round of xNAV. xNAV is a new private token in the NavCoin blockchain. Using a mixing protocol based on Dandelion and public key cryptography, it is able to shuffle coins while hiding the transaction details from observers unless we authorise them to view those through sharing of the view key.Our community members are invited to download the release candidate binaries for Windows, Linux, Raspberry and MacOS, and run them on the mainnet. While the upgrade is not mandatory yet, we will appreciate if a majority of users start upgrading their nodes, stake with the new version and report any issue they could find.We will observe the stability of those nodes during the next 2 weeks, implement fixes for any issue found during this period, and release the final version of the binaries on the 15th of January.The voting to let the network decide for the activation of xNAV would start on the 1st of February. Once a majority of 75% of the staked blocks signal a positive vote for any of the protocol upgrade proposals during a period of 20160 blocks, such upgrade will get locked in. When reaching the state, every node MUST upgrade to NavCoin Core 6.0. 20160 blocks after the block where any upgrade is locked in, the new protocol will come into effect and every node running an older version will stop staking and accepting new blocks. Nodes upgraded which voted no for any activated change, will still continue to function normally and accept the new consensus rules.In no case the activation would happen before the 15th of February. The concrete date will depend on how fast the network upgrades and the count of positive votes each of the changes is able to get. Once a new consensus rule gets locked in, we will announce it through our communication channels.Thanks for your support during the, sometimes, complicated previous years. We are starting a new year and a new age for NavCoin, we hope you share our excitement.We don’t want to close this article, without wishing you all a 2021 full of success, happiness and health for you and your beloved ones.Yours sincerely,Your NavCoin TeamThe future of NAV as a privacy coin starts today. was originally published in NavCoin Collective on Medium, where people are continuing the conversation by highlighting and responding to this story.

NAV

21. 01. 01

NavCoin, an Established His...

Ever since our full emergence as NavCoin in 2016, we have sought to provide the cryptocurrency space with value by developing a suite of solutions that push forward the boundaries and usage of digital currencies. We also pride ourselves on remaining community focused, and place a strong focus on creating easy to use, user centric solutions that allow anyone to make peer to peer (P2P) transactions that are free from any intermediaries, and also allow users to uphold their own personal privacy if they so wish. With new developments soon to be released, we would like to highlight the past development work that underpins our network and provides the solid foundation that will support all future innovations.Privacy Focused Technical InnovationsFor the greater cryptocurrency community, NavCoin is a “privacy” project that allows users to make anonymous transactions by obfuscating the key transaction details involving the sender and recipient thus keeping transfers completely private.While this is true, NavCoin has been at the forefront of the “crypto privacy” movement since 2016 and has also pioneered a number of technological solutions. This began with work to remove the links between coins sent and those being received, and resulted in the launch of our own unique and completely self-developed privacy protocol called Boneh-Lynn-Shacham Confidential Transactions (blsCT). Our blsCT protocol works to maintain users’ privacy by combining two leading technical solutions.What is blsCT?Our blsCT protocol combines the benefits of Boneh-Lynn-Shacham (BLS) Signatures and Confidential Transactions (CT). BLS first emerged in 2001, and enables a group of signatures to be compressed into a compact signature that can be used to authenticate the entire group.The BLS Signature scheme is an alternative to other signature schemes like ECDSA (currently used in Bitcoin and NavCoin public transactions) or Schnorr (proposed to be added in an upcoming Bitcoin protocol upgrade). One of the differences between BLS and ECDSA/Schnorr is the elliptic curve which it uses. Both ECDSA/Schnorr use the secp256k1 curve, while BLS instead uses the bls12–381 curve, which is very well suited for pairing operations, a requirement of the BLS signature scheme.The bls12–381 elliptic curve has been designed by the Zcash team for use in their zk-SNARK Elliptic Curve Construction, and in addition to Zcash, Ethereum will also use both this curve and the BLS signature scheme in their awaited 2.0 upgrade. However, the most significant difference between ECDSA/Schnorr and BLS, is the way that BLS enables a group of signatures to be compressed into a compact signature that can be used to authenticate the entire group. This enables the signatures of the inputs of a transaction to be aggregated to reduce the required storage, and consequently, multiple transactions and signatures can be aggregated together into a single instance allowing the inputs to be shuffled, hence in practice “mixing” the coins and breaking the link between which inputs pay which outputs.Confidential Transactions is now known to be a well established cryptographic protocol which encrypts transaction value amounts, while still allowing for the fact that no coins can be created or destroyed within a transaction to be verified. Confidential Transactions is used in well established projects like Monero, Grin, Beam, the Lelantus protocol from Firo, and Liquid from Blockstream.NavCoin’s blsCT innovates by combining both methods to create a new protocol which allows to mix inputs from different transactions while keeping the amounts hidden in a trustless way, backed by mathematics.Additionally, our blsCT protocol prevents an observer from being able to tell if a transaction has been aggregated or not while also providing our network participants and node runners the opportunity to earn by offering their coins for mixing participating in the aggregation market. Here, our community is directly involved in the daily operations of the network and are compensated accordingly for their participation.The Comprehensive xNAV Privacy SystemOur commitment to continuous innovation has led to the successful development of xNAV which is both a new privacy enhanced token and mixing protocol created on top of blsCT and Dandelion++.Dandelion++ improves upon current privacy protocols and was originally developed for Bitcoin by a research team at the University of Illinois. It makes changes to how transactions propagate through a blockchain network in order to make it even more difficult for anyone to link a single transaction, or group of transactions, to a specific IP address.It is used to broadcast transactions and requests for coins. Here, nodes simply send an encrypted message to other nodes asking for coins to mix in with whenever they want to send a private transaction using xNAV.As a result, xNAV can be viewed as a trustless, decentralized version of CoinJoin enhanced with obfuscated amounts while every node holding xNAV participates in the mixing process. CoinJoin is a popular method of making a Bitcoin transaction more private and involves multiple parties contributing to transactions so that addresses can be mixed making the coins more difficult to trace.When using xNAV to transact a node just needs to pick some coins from the list it has already compiled automatically, aggregate them together, and then send them on to be included in a block. Additionally, the inputs and outputs can be further shuffled before submitting the block thus adding an extra layer of obfuscation, and the NavCoin Core wallet picks up to 5 coins from a list by default each time it sends an xNAV transaction.This entire process is carried out by the NavCoin wallet in the background, and when completed no one can surmise which wallet holder is asking for coins nor which coins are given to any wallet holder, not even the user offering the coins.This allows our users to benefit from using cutting edge privacy protocols in an efficient, and painless manner, and make use of a trustless and decentralized system which is free from any intrusive intermediaries.User Focused InnovationsOur development work with the blsCT protocol, implementing Dandelion++, and launching xNAV enable users to transact freely as they desire with their personal privacy being fully upheld. At the same time, we strive to create solutions that put users first and simplify the practice of making privacy enhanced cryptocurrency transactions as much as possible.Maintaining one’s personal privacy doesn’t need to be complicated for the end user and the NavCoin Core wallet has been designed to be easy to use and to make conducting private/public transactions, participating in coin mixing, and staking accessible for all our community members regardless of their technical experience.Our innovations also extend to providing inclusive protocol governance via our Proof of Stake (PoS) system which allows wallet holders to “stake” their NAV to help validate transactions and to also take part in voting on any network governance proposals. As a result, all of our work is designed to further the use of cryptocurrencies, and equip our users with the means to explore their financial liberties as they so desire.NavCoin, an Established History of Innovation was originally published in NavCoin Collective on Medium, where people are continuing the conversation by highlighting and responding to this story.

NAV

20. 12. 27

NavCoin: The Ultimate Guide...

NavCoin: The Ultimate Guide To Staking — It’s Never Been So EasyWhen it comes to your money, the only thing more important than spending it wisely, is investing it wisely. With international interest rates for savers slashed, and inflation about to fly through the penthouse roof, nurturing our nest eggs to maturation through traditional financial vehicles is a long and slow road nowadays.What features does NavCoin possess then, which make it an ideal safe haven for steering our savings through these unprecedented waters?Interest(ing) RatesLet’s get right to the point, staking with NavCoin needs to be easy and affordable to be attractive. That’s why there is no minimum amount of NAV required to begin staking. The rate of rewards you will receive is dependent on two things; the size of your stake and the number of other’s coins staking on the network. This is because rewards are generated by the process of validating blocks (verifying user’s transactions on the blockchain).As NavCoin has a quite predictable and fixed count of blocks per day, staking turns into a competition for being their creator. For those who begin staking sooner, when less competitors “fight” for those blocks, there are more chances of finding a valid one, hence more rewards to receive! This way of working gives incentive to early adopters who provide stability to the network. Your chances of building a block will increase with the amount of coins you hold. Therefore, the more you stake, the more blocks you are able to validate, and the more rewards you can receive. For each block that your wallet finds, you will receive 2 NAV as a reward.Combining these factors, staking with NavCoin can offer an ROI upward of 9% per year (https://static-rewards.nav.community/) at the time of writing (June 2020). This is, without a doubt, substantially better than a high-street savings account, and one of the best rates available in crypto!Easy in, easy out, easy shake-it-all-aboutMany other crypto investments offering POS returns require the user to lock their coins for a period of time, similar to stocks or bonds, for example. When it comes to accessing your NAV though, there are no lock-ins or penalties for making a withdrawal. Your funds remain liquid (NAV is listed on many major crypto exchanges) and accessible to you at all times, whatever is your staking method!This makes staking a very flexible operation and removes the risks of other similar investments.Your first choiceGetting set up with staking on NavCoin is a hassle-free experience. The first choice one must do is between staking with your own node or choosing a pool. A pool is a server operated by a third party, who lends you his technical resources in exchange of a fee taken from the rewards you would receive. The most known pool is NavPool.You can, of course, negate the fee and receive the whole reward by running a node of your own with only the bare minimum of technical-know-how. All you need is a home PC (2CPU 4GB ram) — or a VPS — and you’re away! If ever you run into issues, the helpful NavCoin community is always available to lend a hand. And by running your own node, you help to keep the network decentralised!Now, we mentioned that running your own node comes with the added benefit of keeping Navcoin decentralised, but what does this mean? First of all, the more nodes the network has, the more resiliant it will be against external attacks, hence increasing the security! And anyone staking NAV (with or without running a node) has the opportunity to participate in the governance of the project. By holding NAV, you become a part of the project and a say in its future direction.Through this system of shared power, this year has already seen the realisation of the Navcoin DAO, and the imminent addition of the powerful new BLSCT privacy protocol.Taking back controlWe have put a lot of effort into making the process of running your own node as simple as possible. We will teach you how to do it with a rented VPS, which will not require you to have your computer turned on 24 hours. If you are going to stake using a pool because you don’t want to run your own server (whether NavCash, NavPool or other), you can skip this section.The first step would be to get a VPS. We recommend you to make this step in Hetzner, a German provider which is famous for its low prices and high quality service. Simply create an account there and log in. Choose ‘Add Server’, select Ubuntu 20.04 and CX21 (2vCPU and 4GB RAM). The costs are as low as 5,83€ per month!Once the server is created, you will see the details to access it over SSH. Connect to it and one command will be enough to set it up.curl -s https://index.nav.community/setup.sh|sudo -E bashIt will take about 30 minutes to complete.You will be prompted with two important values when it’s finished: your staking address and the address of your Electrum node. Take note of them, because we will need them for the next step. Now you can close the connection with the server, there’s nothing more to do with it! So easy!The easiest way to stake your coinsNow we will have to download NavCash. You can find versions for Windows, Linux or MacOS. When you launch it for the first time, you will be asked about which server you want to connect. If you did set up your own and have an Electrum node address you can introduce it manually here, otherwise just check “Select server automatically” and click next.The next window will ask you for a name for your new wallet. We will create two different wallets. The first will be a wallet which you will use for voting in the NavCoin DAO. We will call this wallet “voting”. Although creating a voting wallet is optional, we highly recommend you to do it! Isn’t it cool to have your voice on the governance of a project like NavCoin? ;)We need to select the right wallet type. Which in this case is “Voting wallet for cold staking”.You would have to create a new seed if it’s the first time you are going through this process. If you already created a voting wallet before and you would like to recover it, you’ll see the option to enter the seed words to reconstruct your wallet. There’s no easier way to manage the custody of your coins! It’s very important that you keep your seed words in a safe place. They are the key to access your coins, whoever gets access to them would get access to your coins!You will see the voting interface when the process completes:Now, after correctly creating and backing up the seed words from the voting wallet, you need to create a second wallet which will be used for storing the NAV you want to stake. This is called the spending wallet. You will only access this wallet when you want to spend the coins.In the menu File, select “New/Restore”. It will open a new window with the same wizard we’ve seen before. As a name, you can write “spending”. In the next step choose “Standard wallet”.You will be asked if you want to enable staking.If you don’t want to set up your own node, and want to use the pool from NavCash, you should choose the first option. This is the easier option for those who don’t want to over complicate the process.If you otherwise have an address from another pool that you’d wish to delegate your coins to, or you did set up your own node, you should choose “Yes, but I want to specify the staking address”.Make your own decision and click next. When asked for the staking address, you should input the staking address you got from your rented VPS. If you decided to use NavPool (or other staking pool), you can use a staking address from them. If you chose NavCash’ pool, you won’t be asked about the staking address, it will be filled automatically!After this, you will be asked for your voting address. You can get this from the tab “Voting address” in the voting wallet we created earlier. You should also deposit some coins in this address, in order to fund your future votes.Complete the rest of the steps, and you will be set! In this case, for the spending wallet, you can also use a hardware wallet like the Ledger Nano S to secure your keys and this is something we strongly recommend you to do! You can add the app to your Ledger using the custom installer we’ve recently released for Windows, MacOS or Linux.Aw, yes! There’s something missing. You will need to send your precious NAV to the spending wallet to start staking. You have to click “Create Address” in the receive tab, and you will see the address where you can receive the coins.Now you can sit and relax. Even when your wallet is closed, or your computer turned off, you will still earn rewards and your balance will grow!Checking all the boxesWhen all is said and done, securing your financial future is the greatest gift you can give yourself. Passive income opportunities come in many shapes and sizes, and more often than not come with a catch. NavCoin does not. There are no hidden surprises. You can stake when you like, for as long as you like, earning one of the best ROI rates available, on a reliable, promising asset with a lot of room for growth.So, if you’re looking for a high-yield, low-maintenance vessel to smoothly sail your rainy-day fund to clearer waters, NavCoin could be the ship for you.Find out more: navcoin.orgNavCoin: The Ultimate Guide To Staking — It’s Never Been So Easy was originally published in NavCoin Collective on Medium, where people are continuing the conversation by highlighting and responding to this story.

NAV

20. 12. 22

Announcing the xNAV testing...

Announcing the xNAV testing bounty program: How to try the new privacy in NavCoin’s Testnet and get rewarded.After years of development and refinement, the brand new self developed privacy protocol blsCT has finally made it to testnet, the final step before official release. You can have a sneak peek into how it works before the final launch. We want to invite everyone to be part of the testing process and reward users for their participation, as this part of the process is critical to ensure the final release and mainnet deployment are smooth and free of issues.In this article we will explain how to download and test the beta version of NavCoin Core 6.0, which features support for the new private token xNAV.Downloading the binariesThe first step is to download the right binaries depending on your system:Windows 32 bitsWindows 64 bitsMacOSLinuxOnce you’ve downloaded the corresponding file, you will need to unpack it. Inside of the bin folder, you will find a binary with the name navcoin-qt.After running it, the wallet will start automatically to synchronize with the testnet, where xNAV is already enabled. This can take a few minutes depending on your system specifications and your internet speed.Filling your wallet with test coinsYour wallet will be initially empty with no coins. In order to get some, you are invited to come over to our Discord and share your receiving address where one of our community members will gladly send you some test coins. You can see your receiving address clicking in the “Receive” tab in the menu on the left.Above the QR code you can find a combo box, where you can select whether to see an address to receive public NAVs or private xNAVs. Copy this address to your clipboard and share it in our Discord!The new home screen has a few changes.The balance is shown split between NAV (1) and xNAV (2). This is a great way to have always control of the amount of coins your wallet holds.There’s also a new button to swap between NAV and xNAV (3). This is the easiest way to transform your legacy NAV into the new privacy-enabled xNAV.Once the transaction is sent and confirmed by the network, you will see the balance updated.The “Send” tab has also been slightly updated to allow the sending of private tokens:You will only need to select in the combo box which kind of coin you want to send. Depending on the type of coins (NAV or xNAV) you are sending, and the address type of the destination, there are four different types of transactions:From NAV to NAV. Both the sender, recipient and amount are public and can be seen by anyone.From NAV to xNAV. The recipient of the transaction remains anonymous, while the sender and amount are public.From xNAV to xNAV. Every detail of the transaction (sender, recipient and amount) stays private.From xNAV to NAV. The source of the transaction is hidden, while the amount and the recipient are public.When a transaction is sent, it is shown on the transaction list in the “History” section.You will be able to copy the transaction ID and look for it in the testnet version of NavExplorer, which already supports xNAV, to see how a private transaction looks like! We challenge you to guess the amount, source and destination of the transaction. Hint: You will not be able!Found a bug? Have a suggestion?The final intention of making this beta version available is to test the binaries in a different set of scenarios to track possible bugs or mistakes in the implementation.Feel free to play with this beta release. Send coins around, look at the explorer. If you find anything that does not work as expected, have any question or just want to provide your feedback, feel free to get in our Discord. Our community members are very helpful and will assist you in the process. We’ve set up a bounty program so those who find issues can get rewarded based on the severity of the finding:Visual glitches -> 100NAV for reporting 200NAV if a fix is deliveredMinor UX issues -> 300NAV for reporting 500NAV if a fix is deliveredMajor UX issues -> 600NAV for reporting 1,000NAV if a fix is deliveredLocal client crashes -> 1,000NAV for reporting 2,000NAV if a fix is deliveredDoS/Network isolation attacks -> 4,000NAV for reporting 7,5000NAV if a fix is deliveredConsensus model (POS) vulnerabilities -> 5,000NAV for reporting 10,000NAV if a fix is deliveredGeneration of coins out of thin air -> 10,000NAV for reporting 15,000NAV if a fix is deliveredTheft of funds, remote code execution -> 15,000NAV for reporting 20,000NAV if a fix is deliveredIn addition to the bug bounties, we also want to reward users for merely participating in the testing of xNAV. You can claim 10NAV for free by sending any amount to the following private address:xNU54ErfsN4v78cgHLzSCRzb9HpBMhGQAxZ7grD4Cy5iWtyKGdfC2S7YhRURFnSafZiBX7GPbKBW8EETs1NK2pc3fp2zefaoBrsz1AuQahiYEv8UdQAdtUpmXBWeZXK6Kgee7DWqcPsYou will only need to add your Discord username in the encrypted message field and one of our community members will get in touch with you to send you the bounty. Additionally until the 30th of November, you can claim other 10 NAV by tweeting about xNAV and adding the hashtags #blsct $NAV #privacy. Remember to show your tweet to our community member when he reaches you!Announcing the xNAV testing bounty program: How to try the new privacy in NavCoin’s Testnet and… was originally published in NavCoin Collective on Medium, where people are continuing the conversation by highlighting and responding to this story.

NAV

20. 12. 22

Announcing the release date...

Dear NavCoin community,It’s been a long journey since NavTech, the first privacy implementation of NavCoin, going through zeroCT up until our latest proposal xNAV. After many years of continuous research, design and development, we are very happy to share with our community the release plan for bringing privacy back to NavCoin’s mainnet.We will release NavCoin Core 6.0 on the 1st of January of 2021, setting the launchpad for the activation of the new protocol. Until then, we will keep on working to ensure the release happens in a smooth and stable manner.This new version will feature our brand new privacy method blsCT, which is a ground-breaking and interactive mixing protocol that enhances the anonymity of a transaction through the combination of the Boneh-Lynn-Shacham (BLS) signature scheme with Confidential Transactions. The former enables us to hide both the amount of the transaction as well as the identity of the sender or receiver when used in a cryptocurrency based on the UTXO model. The result of this new protocol is a trustless, scalable and untraceable cryptosystem.Stay tuned for more details about instructions on how to upgrade and how to support the network vote.We are excited. Hope you are too.Get ready for the launch!Best,Your NavCoin Core teamAnnouncing the release date for xNAV, our new privacy protocol was originally published in NavCoin Collective on Medium, where people are continuing the conversation by highlighting and responding to this story.

NAV

20. 12. 22

The path to the release of ...

The path to the release of NavCoin Core 6.0 — bringing NAV back to the spotlightWe’ve been working hard to get everything ready for the NavCoin Core 6.0 release. The set of changes included in this release make it probably the biggest and most important release in NavCoin’s history. This new version includes two major protocol updates. xNAV is our new private token, bringing back to NavCoin the long awaited privacy protocol. A technical description of blsCT, the underlying protocol which makes xNAV possible, is to read here. A second protocol upgrade labelled as “Exclude Blocks” will also be introduced. This upgrade will protect the NavCoin DAO voting quorums in the case an exchange would decide to enable staking for NAV. You can read more about this upgrade proposal here. This is not the only new features coming out, but other changes are also included, like full wallet encryption. You can read the whole list of changes here in the release notes. With more than 850,000 new lines of code added, ensuring the quality of the changes introduced has been a priority for us. We’ve put our focus during the last months on battle testing the new features. For this, we’ve introduced the xNAV Testing Bounty program. We saw new members joining, helping in the process and reporting the bugs they’ve found — we are very thankful for it!After activation on the test network, the current supply of private coins is 4,187,466.71 xNAV. In the last month, we’ve seen 7,402,043.35 NAV swapped to xNAV, and more than 3,217,851.802 xNAV were swapped back to NAV. A total of 3,410.468 xNAV have been accumulated from staking rewards during that period, and we’ve seen 6,985 transactions involving xNAV. Our nodes running the code with the new features have shown to perform stable without issues for weeks now both in testnet and mainnet.Today, we are ready to announce more details about the release schedule of NavCoin Core 6.0 and the voting/activation schedule of the different protocol upgrades included, which will kick start on January 1st, 2021:January 1st, 2021: We will publish NavCoin Core 6.0-rc, the release candidate binaries. The whole community is invited to start running the binaries on the mainnet network starting from that date.January 15th, 2021: If no technical issues are found with the release candidate version, in this date the final version and announcement with the binaries will be released.February 1st, 2021: The DAO voting for the activation of xNAV and Exclude Blocks will start.The new NavCoin Core 6.0 will vote “YES” by default to both the xNAV and Exclude Blocks upgrade. If you wish to change your vote for any of the proposals you will be able to do it introducing the following entries in your navcoin.conf file:For voting no to xNAV:rejectversionbit=10For voting no to Exclude Blocks:rejectversionbit=12Once a majority of 75% of the staked blocks signal a positive vote for any of the protocol upgrade proposals during a period of 20160 blocks, such upgrade will get locked in. When reaching the state, every node MUST upgrade to NavCoin Core 6.0. 20160 blocks after the block where any upgrade is locked in, the new protocol will come into effect and every node running an older version will stop staking and accepting new blocks. Nodes upgraded which voted no for any activated change, will still continue to function normally and accept the new consensus rules.In no case the activation would happen before the 15th of February. The concrete date will depend on how fast the network upgrades and the count of positive votes each of the changes is able to get. Once a new consensus rule gets locked in, we will announce it through our communication channels.We are getting closer, privacy is almost back.Get ready for the launch!Your NavCoin Core team.The path to the release of NavCoin Core 6.0 — bringing NAV back to the spotlight was originally published in NavCoin Collective on Medium, where people are continuing the conversation by highlighting and responding to this story.

NAV

20. 12. 22

A Reintroduction to NavCoin

As we reach the end of 2020, we’d like to take the opportunity to recount everything we’ve achieved so far and look back on not just this year but on the entire NavCoin journey up until this point. There is a lot going on within the NavCoin ecosystem with significant developments and launches coming shortly. As a result, we’d like to keep our existing community members updated as well as give all new, incoming members to the community a good overview of where NavCoin has been, and exactly where we are going.The Early DaysAs one of the most established projects in the cryptocurrency space, NavCoin goes all the way back to May 2014 and was originally known as “SummerCoin”. However, the fast-changing nature of the cryptosphere saw a new development team take over the project and rebrand it to NavajoCoin in July of the same year. This was followed by a fork and further rebranding in 2016 which took place in order to keep the network technically advanced, and saw the project become known as NavCoin.It’s important to note that there was no pre-mine or ICO in 2014 with mining on the SummerCoin network accounting for the original coin distribution. In addition, when the 2016 fork took place, a new blockchain with a new genesis block was created which facilitated the swap from NavajoCoin to NavCoin and kept things very much the same for coin holders.The NavCoin community has been at the forefront of the project since its early days, and our community focus manifests throughout our project and influences how the network operates, is secured, and how it governs itself. At its core, NavCoin is a blockchain based network that empowers its users by allowing them to conduct peer-to-peer (P2P) transactions without any intermediaries, with users being able to make completely private transactions as desired.Our Community FocusNavCoin is a community run, open-sourced digital currency with privacy-enhanced features that ensure that individuals are free to transact as they wish. In addition to being easy to use, NavCoin incorporates its community as much as possible, and the project is supported by community members via various activities including staking, funding, and overall protocol governance.NavCoin StakingThe NavCoin blockchain is completely open source, and secured by a global node network. Furthermore, our network makes use of a Proof of Stake (PoS) consensus mechanism, which allows community members to use their NAV to help determine network weight when validating transaction blocks.Proof of Stake allows anyone to contribute to validating transactions, with the main requirement being that an individual holds NAV coins. As opposed to Proof of Work (PoW) which is resource intensive, PoS doesn’t require huge servers or elaborate setups and even a 5v Raspberry Pi can successfully run it.As a result, getting involved in validating blocks is a straightforward process, and simply requires the downloading and installation of the NavCoin Core wallet. After transferring NAV to this wallet, anyone can then unlock their wallet to begin staking and validating blocks.Open Protocol GovernanceNavCoin is not centrally controlled by any one entity, and every member of the NavCoin community is free to contribute in any way they desire. In fact, our project acts as a true Decentralized Autonomous Organization (DAO) with all protocol administration and consensus changes subject to an open, and transparent voting system.Once again, the PoS consensus mechanism enhances community involvement as all NAV holders holding their coins on the public side can participate in the DAO by simply staking their coins. Crucially, each stake is the equivalent of one vote, which gives every wallet holder a say in protocol governance, and there is no minimum staking amount required for anyone to take part.Community FundingOur DAO voting system also supports our community funding which allows us to operate a self-funded treasury and ensure that all contributors are fairly compensated by the network for their efforts. There is currently a block reward of 2.5 NAV in place, with 2 NAV being redirected to the staker who found the block, while the remaining 0.5 NAV are accumulated in a decentralized treasury.This treasury acts as our Community Fund and provides the resources needed to fund any community initiatives which come about as the result of DAO voting procedures. Launched towards the end of 2018, our community fund was the first decentralized dual-consensus model for on-chain governance, and locks-in requested funds whenever a proposal is accepted.If desired, these funds can be released to a designated address via a single payment or multiple payment requests, and this ensures full transparency and efficiency by allowing the community to check on the quality of work being conducted while releasing the funds as required. In turn, the author of the proposal can also lock-in a partial payment before fully committing to completing their work proposals.Our Technical InnovationsIn addition to having a strong community focus, technical innovation has been at the heart of NavCoin since the beginning. As previously mentioned, we have been pioneers in PoS consensus mechanism usage, and have been at the forefront of the cryptocurrency “private transactions movement”.Towards the end of 2016 the NavTech release enabled the anonymous “send” feature which removed the link between coins being sent to those that are received and was described as groundbreaking “dual-blockchain architecture” at the time. Ongoing technical developments saw NavTech replaced by our novel, self-developed privacy protocol called Boneh-Lynn-Shacham Confidential Transactions (blsCT) which obfuscates transaction details in a way that makes them completely private.In addition, our dual currency system allows anyone to store and transact coins publicly via NAV if they wish or privately via xNAV, while our cold staking functionality allows for enhanced security of funds as staking can take place via offline wallets. To further simplify sending and receiving funds, the NavCoin Core wallet incorporates the Open Alias protocol which allows a wallet to translate email addresses into cryptocurrency addresses and does away with the need to use long character string addresses.These are just some of our technical developments and our focus has always been to ensure technical progression, “user first” features, and privacy enhancements that support financial freedom empower our community to make P2P transactions as they desire.What More Can You Expect?With a solid foundation of innovation supporting us, we continue to look forward and 2021 will be packed with developments that will push NavCoin forward. These include the xNAV launch and NavCoin Core 6.0 release which is scheduled to take place on the 1st January 2021.These launches will pave the way for an improved version of the xNAV mixing protocol, enhanced xNAV mobile support, and anonymous staking via xNAV which will also introduce anonymous voting to our DAO and allow us to deprecate the transparent NAV in order to move to a fully private system. We will also work on developing an ERC-20 bridge that helps to create a wrapped NAV token that can be listed on popular Decentralized Exchanges (DEXs) and integrated into leading Decentralized Finance (DeFi) protocols.As you can see, there is much more to come and don’t forget that the network vote for the activation of xNAV starts on the 1st February 2021 so make sure to keep an eye on our social media channels for all the latest updates and you can also monitor all our activities here.A Reintroduction to NavCoin was originally published in NavCoin Collective on Medium, where people are continuing the conversation by highlighting and responding to this story.

NAV

20. 12. 22

A recap on the Binance & Na...

On December 16, 2020, Alex Vazquez, a core developer of NavCoin, participated in the Binance AMA series. He talked about the release of xNAV, a new token for privacy-enhanced transactions, that will come to exist on NavCoin’s network upon the activation of its protocol upgrade following the release of NavCoin Core 6.0 on January 1, 2021. Alex was also given the chance to elaborate on NavCoin’s consensus model, governance layer as well as to talk about what the future holds for NavCoin in 2021. To start off the AMA, however, Alex was asked to introduce NavCoin to anyone unfamiliar with the project. To do this, he said the following about NavCoin:NavCoin is an open-sourced digital currency with privacy-enhanced features. Transactions that occur on the blockchain of NavCoin are made in a peer-to-peer fashion with no need for intermediaries. Following the release of NavCoin Core 6.0 (January 1, 2021), one will be able to store and transact coins both publicly (NAV) and privately (xNAV). If one transacts privately, it will not be possible to link a transaction to its sender or receiver, or even view the amount that was sent. This is made possible by NavCoin’s self-developed privacy protocol called Boneh-Lynn-Shacham Confidential Transactions (blsCT).NavCoin was invented in 2014 and had no pre-mine or ICO. With block times of 30 seconds, one can stake their coins to earn rewards through Proof of Stake Version 3 (PoSv3) for helping to secure the network. NavCoin’s current spendable supply is 66,768,000 NAV with a block reward of 2.5 NAV, hence a decreasing inflation model. From the 2.5 NAV, 2 NAV are redirected to the staker who found the block, and 0.5 NAV are accumulated in a decentralized treasury used to fund community initiatives based on the outcome of DAO votings. NavCoin’s decentralized autonomous organization (DAO) enables the community to be self-funded through its treasury, self-guided through consultations, and self-governed through consensus changes. Anyone who holds coins on the public side (NAV) can participate in the DAO by staking their coins. Each stake is the equivalent of one vote, and there is no minimum amount required to take part.Following Alex’s introduction to NavCoin, he went on to respond to each of the questions that came up during the interview segment of the AMA, and afterwards the questions asked by people following along the conversation. We think it is well worth the read, so please read on to see the full text for each of his responses.Q1: Why does NavCoin use Proof of Stake (PoS) instead of Proof of Work (PoW)?A1: Great question! A core premise for us here at NavCoin is to ensure that our network is correctly secured and at the same time environmentally sustainable. PoS is well known as a more energy friendly consensus model than PoW, and in our case, PoS also provides us with better security than what we could achieve with PoW. However, I am not a PoS maximalist; it all depends on the context. For example, the energy expenses derived from PoW can be considered a valid trade-off for Bitcoin, as their level of security, achieved with PoW, is reasonably high for the needed energy expenses. This, however, is largely due to the majority that Bitcoin miners have over the hashing algorithm. A smaller network, such as ours, would become vulnerable to the possibility of miners diverting tiny portions of their hashing power to perform a 51% attack on the chain. If PoW were to be the only consensus model available, only a handful of coins would survive. With that in mind, I am a firm believer in having a growing ecosystem that allows for many different projects and communities to co-exist, and where each of these have their own piece of financial freedom. PoS enables this. Another example (to which I view PoW as a valid option) is when trying to achieve a fair launch when bootstrapping a new chain. In fact, NavCoin launched its chain using PoW, and was thereby able to achieve a fair initial distribution of the supply without relying on a pre-mine or ICO. Moving to PoS afterwards was necessary to secure our existence (for the reasons outlined above). Aligned with our goal of being environmentally sustainable, the NavCoin network has been certified as carbon neutral thanks to the funding coming from our decentralized treasury.Q2: You are firm ambassadors of privacy and define yourselves as a privacy-enhanced payments coin. There is a lot of excitement surrounding your new privacy token xNAV (based on blsCT). Can you talk a bit about why privacy is so important and how xNAV actually works?A2: This is one of my favourite topics! Privacy in general has been a hot topic this year due to COVID, and more and more people are becoming aware of just how important it is to protect one’s privacy. For digital currencies specifically, it is now publicly talked about how central banks aim for the launch of CBDCs (Central Bank Digital Currencies), and it is happening all around the world (China, USA, Europe). Overall, we are seeing an unstoppable trend where electronic commerce continues to increase its market share, and where payments continue its shift towards being mostly digital. The current crisis that we are facing with COVID is facilitating this shift even more, as the establishment initially tried to label paper money as an infectious vector for the virus, and thus encouraged people to make digital payments instead. With digital payments, it is also easier for governments to keep the money printing machine going without the need to impose currency controls. While digital payments are much more convenient than using paper money, it is important to understand, that as a result, our ability to transact somewhat privately will decrease day by day. The reason being that cash is currently the best way to make payments in which some privacy is preserved. No one on the outside of the transaction will come to know what, when and from who we are buying. We, as the creators of the technology used in the payments of the future, holds a responsibility to ensure that the right tools are available to the people, and that those tools must protect the individual’s right to privacy, as a protective layer against those who might misuse the access to our financial data. Now is the time to start looking around for alternative payment methods that care about privacy. Not only NavCoin, but also other projects like Monero, Zcash and Firo, who are all building diverse technologies to protect our privacy, when we transfer value between each other. Go get some cryptocurrencies. Play with them. Learn how to use them, and how they work. They will soon be our only way to pay and get paid while preserving our privacy.It is a common misconception that one should not care about privacy, if one has nothing to hide. If you believe this to be true, I will ask you to please twink twice. Without privacy, censorship is a lot easier to achieve. Our actions may eventually be watched by actors who do not necessarily have good intentions. Privacy is also an important tool to ensure that we do not carry around perceived limits in our way of thinking. For example, without privacy, experimentation is not possible and creativity is very much reduced. Ask yourself this; would you express yourself in the same way as you do knowing that “something” is watching you? We would not be able to be wrong without potentially (and automatically) be punished by algorithms. That to me is rather frightening! It can sound crazy to some, but it has already started to happen. Even if the process is slow, it will continue to accelerate. From my point of view, it will take 1 or 2 generations, if not less, for this new and censored model to be fully established and socially accepted. That still leaves us with time to start becoming aware of the loss of privacy that we could suffer, and to try to stay away from surveillance technologies, and thus protect our freedom, as much as we can. As our way of helping to protect that freedom, our team has drafted and implemented blsCT, a novel privacy protocol built from the combination of the BLS (Boneh-Lynn-Shacham) signature scheme and the battle-tested Confidential Transactions method. The result of blsCT is a trustless, scalable and untraceable cryptosystem!The first consequence of implementing blsCT in the NavCoin network will be the creation of a new coin; we have decided to name this coin xNAV. We will provide functionality from within our core wallet to freely swap between NAV and xNAV at a 1 to 1 rate. Users will be able to swap between NAV and xNAV at any time, and back and forth as needed. While NAV will keep being the public coin used for transparent payments, staking and voting, xNAV will make payment details hidden from external observers, unless you authorize someone to see the transaction history. You will still be able to hand off your view key for accountability, for example to your accountant, so that he or she can view all of the details. Another example could be an NGO that starts accepting donations in NAV. In such a case, the NGO would be able to publicly display the view key on its website, and thus make its finances transparent for all of its stakeholders. This is a major improvement and advantage over public blockchains, where everyone can see everything without requiring consent. Apart from being able to transact privately with xNAV, one can also earn xNAV simply by holding them in your wallet, as your coins will then become available for others to mix with, and thus earn you a fee. I believe this to be a great incentive for increasing the use of xNAV and its underlying protocol. I feel like I might have overextended myself a little bit with this answer, but I think the topic deserved it! I am sure that the audience has a lot of questions about xNAV, and I am looking forward to answering all of them! :)Q3: Continuing along the lines of privacy, can you outline to us the major differences between blsCT (the underlying protocol of xNAV) and other privacy protocols, and what advantages that gives xNAV in comparison to other privacy coins?A3: Thanks for the question! To start with, I think it is important to say that privacy is not something one can measure in absolute terms, but rather a whole spectrum that depends on many different factors. Thus, one cannot definitively state that one privacy protocol is better than another one. I recommend each person to educate themselves about the features of each protocol and then decide which one fits better for the particular use-case that one has in mind. With that said, I will now touch on blsCT and some of its key differences compared to other privacy protocols. First of all, blsCT is great for scalability (something that other chains with privacy-enhancing features are not very well suited at). The scalability advantage that blsCT offers is a result of it using BLS signatures, allowing all signatures of a transaction to aggregate into a single one. In addition to this, our new privacy token xNAV is compatible with the UTXO model, which allows nodes to function in the pruned mode. This essentially means that a node does not need to store the entire transaction history to keep validating transactions. In terms of long-term scalability, this is great in terms of being able to manage the size of the blockchain, as it continues to grow by its transactions year after year. Another aspect that is a really important part of achieving good privacy is user experience. It is very common to see privacy leaks that are caused by bad use of the technology tools provided to the user. To address this, we have made sure that making a private transaction with xNAV is no less difficult to the user than making a normal transaction using NAV. By approaching it this way, we have heavily reduced the complexity for the user and thus lowered the possibility of one making a mistake that could make other actors guess the details of the transaction. Most of this is handled by the core wallet itself and in the background without requiring the user to make any decisions that would require a savvy knowledge and understanding of the subtle workings of the system. The same goes for swapping between xNAV and NAV; it can be done with just a few clicks. In the coming months, we will work to bring the features of xNAV to mobile devices as well, so that it is easy for everyone to make use of the privacy-enhanced features offered by xNAV with blsCT as its underlying protocol -even when using a phone. One last major advantage (and perhaps the biggest one!) that xNAV has over other privacy coins is its support for scripting and smart contracts. This is a first for a privacy coin! With xNAV, it will be possible to build second layer applications that can directly benefit from the privacy of xNAV itself. A good example of this could be atomic swaps. I can also imagine bridges or DEX integrations to swap for other coins that lack enough fungibility. For example, swapping Bitcoin for xNAV. This could be a great way to utilize xNAV! As I have described some of the advantages of blsCT and xNAV, I will now mention some of the (initial) weak points of the protocol. I think it is important for users to be aware of them. When using a privacy coin, there is a parameter called the size of the anonymity set, and it is of great importance. It refers to the total amount of coins that is held by other users that are using the same protocol. The higher the number, the bigger the crowd for you to hide in, and as as a result, it is increasingly more difficult to identify you within that crowd. For a new protocol like blsCT, I expect that at the beginning we will not have an anonymity set size comparable to other coins that have been active for longer. But we will work very hard to increase the use of xNAV to improve the size of our anonymity set, and I am confident that it will improve very quickly. The fact that xNAV holders can earn coins simply by participating in the mixing process will likely act as a great incentive from which the anonymity set size will thus increase. On top of this, we will put a lot of effort into communicating and educating people about the technology, so that one can feel excited about the benefits of using xNAV and choose it as their preferred way of transacting privately.Q4: What does decentralized governance mean to you and how does NavCoin benefit from it?A4: Decentralized governance is by definition at the core of decentralized and permissionless blockchain-based technologies. It is the main appeal of what we have come to appreciate, when considering what this technology brings to the world; the ability to make decisions that are mathematically ensured to be based on the consensus of a majority instead of the individual will of a centralized entity that can potentially be corrupted. I think that it is fair to say that every project has some kind of decentralized governance. Even with Bitcoin, miners have a voice on which upgrades will be done on the network. Users and economic nodes can somehow also influence decisions in one direction or another. To me, the differences between the various approaches that exist to governance, is seen in the level of sophistication of the governance layer and how the will from its base layers translates into final decisions.For NavCoin, we introduced earlier this year the concept of consultations in our DAO. Consultations allows any member of the network to start a non-binding vote about any topic that serves to gauge the sentiment from the network as a whole. This puts an end to the many and eternal debates that we are seeing on social media or within other communities, where each side turns into a maximalist of their own interests without the debate ever coming to a healthy conclusion. An example of a consultation, currently active on the NavCoin network, is one to decide if to adopt a new logo for the project. Apart from non-binding consultations, we have also introduced binding consensus consultations allowing anyone to start a vote to propose new values for most of the fundamental parameters that reign our consensus protocol. If the vote is successful towards one of the proposed values, that value will automatically be updated in the consensus protocol without the need to upgrade the node’s software and without the need for any type of intervention from our team of developers -this is revolutionary.When considering the governance of a project, there are many other important parts besides the layer of decision-making. A really important one is to enable a project to be self-sustainable through funding of its own, and how to manage those funds. As previously mentioned, with each new block created on the NavCoin network, a fixed amount (that can be changed through a binding consensus consultation) will accumulate in a special vault that we have named the Community Fund. The coins available in this fund increases with each new block and thus every 30 seconds, and everyone is free to create a proposal and describe herein the project one would like to execute and get paid for. Once a proposal has been created, it is up to the network to decide if it is worth supporting (based on the value that the proposed work could add to the project). One of NavCoin’s major advantages in this regard (compared to the approaches that I have seen used in other projects) is that we have 2 rounds of voting for the release of funds. The first round simply locks the requested coins for the duration of the project, so that they cannot be allocated to other initiatives. Following this, the proponent can be certain that the requested amount will stay available as long as one stick to the project that was proposed. This is guarded by the second round of voting, which can happen upon completing certain milestones. The second round of voting enables the network to first evaluate the work that was done, and then to release the funds only upon reaching a consensus that the work was completed according to what was laid out in the proposal to begin with. Such an approach is a great way to protect the system from bad actors who may promise to do a lot of work, but then fails to deliver. So far, our fund has enabled the development work of many individuals, the carbon neutrality of the network, wallet integrations, and more recently the development of blsCT and xNAV. I believe that the governance structure that I have described here, is the best way to guarantee the long term survival of NavCoin. If we had a classic business-like structure, we would be at the expense of the individuals managing this structure. What would we do if they decided and somehow managed to leave with the money? Or what if they happened to mismanage the resources? How would we make sure to stay true to the sentiment of our community and enable everyone’s voice to be heard? Although some areas of our current governance layer can still improve, as with everything in life ;-), I think that having all of the above mechanisms implemented in the base layer puts us in a very advantageous position that will ensure NAV’s existence for many years to come.Q5: All this sounds amazing and I guess your team will not stop here. What are your plans for the future?A5: I am honestly really excited about the future. These last few years of being in a bear market has not been easy. As prices plummeted, the available resources reduced as well. Our community came to an agreement quite early on to direct most of our available resources towards writing code and keep building our tech stack. This allowed us to implement major improvements in the form of protocol upgrades over this period of time. Releasing xNAV at the beginning of next year (in roughly 2 weeks) is a major milestone, and with that in place, we can now allow ourselves to focus on growth, as we will have reached the goal of having a very solid technological base. From hereon and forward, we will start seeing a shift in our communication strategy as we try to communicate more and more with the broader crypto-community about what we have achieved here at NavCoin. I think it is really important for us to educate people, not just about the benefits of using NAV and xNAV, but also on why we do what we do, our belief system, what we are driven by and so on. To achieve this, we have recently teamed up with a very talented team of content creators and I am sure that this will increase NavCoin’s user-base exponentially during 2021.Although we have initiated great efforts to increase our communication and reach, we are still mostly a team of builders at heart; and we won’t stop continuing to improve our tech by each day passing! :) We have some great things on our “wishlist” for 2021 and forward. First, we will start working on an improved version of xNAV, which thanks to the use of aggregated range proofs, can greatly help to reduce the transaction size of more than 70%. This improvement will be great for scalability, and also reduce the time it takes for a wallet to synchronise with the network. Secondly, we want to support xNAV transactions from within our family of light and mobile wallets. This is to ensure that privacy-enhanced transactions become accessible to everyone, even if one is using a low-powered device. A third area that we will dedicate a lot of focus to is the integration of xNAV in Decentralized Exchanges. xNAV is particularly well-suited for this, as one of its major advantages is being the first private token that is directly compatible with atomic swaps! This alone brings a lot of utility as a way to add privacy to coins that does not have such capabilities. Speaking of utility, we aim to increase the utility of NAV and xNAV as money, as we plan to add support for these in BTCPayServer. With that in place, it will be easy for any merchant to get paid by NAV or xNAV. Lastly, we wish to research and subsequently start working on the implementation of enabling staking by using xNAV. This will ultimately lead to anonymous staking and voting on our network, and we are incredibly excited about that and the many other things mentioned in the above!Q6: Where does the project name come from? What does it mean for you and why did you choose that name for your project?A6: NavCoin was created in 2014. At the beginning its name was Summercoin, but then a swap was made to a different chain called NavajoCoin. NavajoCoin was a tribute to the Navajo Code Talkers, from the american tribe, as a reference to the privacy features of our project! Then the community decided to short it to NavCoin. This was a great question, thank you!Q7: What is guarantee NAV wil not scam with investors? There were many project come and scam with investors, so how can NAV gain investors trust?A7: As I already mentioned, we’ve been running since 2014. Went through many bear and bull markets and we are still here. We are also listed in Binance since almost their launch. I think this is the best assurance that we are a legitimate project and we will keep on working and last for many many years! Every cryptocurrency is a risky investment, but NavCoin stands out as one of the most long-standing in the space 🙂Q8: What is NavTech? What is NavTech’s role in the NavCoin ecosystem? What are the advantages of NavTech compared to current competitors?A8: NavTech is the name of the previous protocol we used to enhance privacy of our transactions. We discontinued it some time ago in order to substitute it with the new private token xNAV, which is much more powerful and offers privacy to our users in a decentralized and trustless way. We are releasing xNAV on the 1st of January, we are all very excited about the launch. You should keep an eye on NAV and write this date in your calendar! 🙂Q9: Does NAV have any plans to integrate in Uniswap?A9: Yes, absolutely! Once we release xNAV on the 1st of January, our focus will go on building our own ERC20 bridge, so we make it possible to swap both from NAV and xNAV to wNAV (wrapped NavCoin). This will allow to add liquidity and trade wNAV in any of the DEX of the Ethereum network, being Uniswap one of them. We will build our own bridge as we consider really important that the management of the keys stays within the community. Besides Ethereum, we also aim to integrate wrapped NavCoin in as many chains as possible. Binance Smart Chain offers very cheap fees and fast trades — it is also in our wish list!Q10: What Blockchain projects have similar technology with NavCoin?A10: I think NavCoin can be fundamentally compared to Decred, PIVX or Tezos. They are all chains with a focus on decentralized governance and with support for private transactions. But when we talk about the technology used to develop those features, we are quite unique. I encourage you to learn more about NavCoin if you already knew any of those projects. I’m sure you will like us too!Q11: I’m a developer, and I’m interested in contributing to your project alongsides earning, Do you have any Bug Bounty to check for vulnerabilities?A11: Yes, we do! Not only bug bounties, but also for solving some issues tagged in our Github and make contributions to our website. In addition to those, our decentralized community fund allows everyone to make proposals of projects which would bring value to NAV and get funded for your work. I invite you to check our website or visit our Discord to learn more about it 🙂Q12: What requirements for delegating NAV Coin? Does any NAV Coin wallet to manage and facilitate this delegation?A12: We allow stake delegation, so you don’t need to keep your coins online while staking and earning rewards. This is great for security! Almost all of our wallets support this feature, although the easiests are NavCash or NEXT. There are also non custodial staking pools which you can use like NavPool. Overall, I’d recommend you to read this guide if you are interested in starting to stake.The rewards are currently very juicy, around 7–8% per year!Q13: I think you guys are doing very well! I just have a question related to the financial situation: Considering the bear market that has now lasted for some time, and might continue to do so for even longer; how is the NavCoin doing in terms of funding to be able to keep up the development of the product and introduce new partnerships for years to come?A13: Well, I think the bear market is precisely something of the past! But don’t take it as a financial advice 😜 I’d say that if we survived the long bear market years of 2018–2020, we are very well suited for what’s to come in 2021 and next. Our decentralized treasury, combined with the effort of our voluntary community members is our best asset for being able to keep building the best tools for the crypto users. It’s my expectation that with all the recent excitement around NavCoin, the value of our funds available in the community fund will only grow in the coming months, which joined with our recent focus shift into communicating and educating more to grow the NavCoin community, will make us have more financial resources and a bigger human force available to make NAV great again 🙂Q14: Does NAV have offices in the real world or only work in cyberspace?A14: We are basically a team of individuals who voluntarily contribute to the project. This is great for decentralization and the long term survival of the project! It’s very hard to take NavCoin down with an structure like this. It also allows us to be quite more free when taking decisions affecting to the project, compared to if we had a business-like structure. Our goal is to provide high quality tools which allow individuals to have enough privacy and financial sovereignity without letting any other factor influence our work.Q15: Tell me if you cooperate with regulators and what to do to a person who is left without documents because of the war. How can he pass KYC? How in such a situation will you fulfil the desire to bring finances to everyone?A15: I strongly believe everyone has the right to access to the financial system, no matter of any bureaucratic difficulty the system could create. This is our major motivation to build what we build, and why we will focus to bring NAV to decentralized platforms which make this access possible for every human with access to internet.A recap on the Binance & NavCoin AMA with Alex Vazquez was originally published in NavCoin Collective on Medium, where people are continuing the conversation by highlighting and responding to this story.

NAV

20. 12. 22

Navigating NavCoin

For those of us involved in the crazy world of cryptocurrency, it may seem that mass awareness of the thing we love has been a long time in the making! At the same time, for those outside the space, the idea they could or would use crypto in their everyday lives may seem even stranger. However, as with all emerging technologies there comes a time when problem and solution collide.Since 2014, NavCoin has been at the forefront of breaking down the barriers to adoption newcomers may face. We want to make NAV accessible to everyone. So if you’re new to NAV, or just looking to refresh your knowledge ready to tell others, this article is for you!Photo by Kehn Hermano from PexelsBetter, Faster, Stronger, Greener?When it comes to carbon footprints, it is no secret that Bitcoin brings with it a hefty price upon the environment. Proof of work systems, on the whole, seem to be falling out of favour for much this reason. As an alternative, NavCoin uses Proof of Stake. This, in itself, is a substantially more eco-friendly method of outputting blocks. NavCoin, however, have taken things one step further, by becoming the worlds first carbon-neutral cryptocurrency.Photo by Alena Koval from PexelsCarbon neutrality is achieved through partnership with EKOS, a charitable organisation aimed at offsetting carbon usage for businesses and individuals through a number of projects supporting and protecting indigenous forest regions.Aside from helping look after our environment, NavCoin’s use of proof of stake brings with a multitude of benefits for NAV users. Anyone can easily become a staker without the need for expensive or complicated hardware. The rewards themselves are some of the highest available at nearly 10% PA! It’s easy to see why then, that at the time of writing, over 40% of the 67 million NAV in circulation are staking and enjoying rewards. This figure has been showing a recent rapid up-tick as well, with the number of NAV staking up by over 20% on previous months.Part of the Old GuardNavCoin is a cryptocurrency of principal. It launched with no ICO and no pre-mine. That means that from the very outset, NavCoin has been run by and owned by it’s community. It has seen and survived several market cycles, both bull and bear, and continued to evolve through strong system of steady development. NAV is listed and fully exchangeable across some of the world’s most trusted exchanges (Binance, Bittrex, Bisq, SouthXchange, Sequoia and even the pioneering AtomicDEX platform). For these reasons, and more, it has shown clear signs of community confidence in the project.Photo by Alana Harris on UnsplashTooled up to the TeethWhilst many projects that emerged in the same period as NavCoin have since become ‘dead coins’ through lack of development or funding, NavCoin has continued to build out a feature rich, versatile platform. The latest addition to the armoury is the revolutionary NavCoin DAO (Decentralised Autonomous Organisation). The DAO offers the NavCoin community the ability to bring about change to the network parameters without the need for any technical ability whatsoever on their part. So, for example, currently every block produced on the NavCoin blockchain produces 2.5 NAV in rewards. As supply increases, this will lead to an ever-decreasing rate of inflation across the network. With the DAO, should enough users decide it in the best interests of NavCoin to adjust this rate in the future, they are able to with ease and efficiency. And because it works hand-in-hand with the multi-consensus community voting system, the networks decision making process is protected from potential bad actors.Photo by Fauxels from PexelsRecently, in the wake of an international pandemic, there has been much speculation as to the future of physical cash. While eradicating coins and paper money may ultimately have benefits for hygiene and virus transmission, many of us are concerned what effect this may have on our privacy as consumers. And so, as you might well expect, NavCoin has a solution to this. Private transactions with NAV will be made possible through a novel new method dubbed BLSCT. This method improves upon other existing privacy protocols which often rely upon centralised servers and can therefore make transactions traceable.Initially, NavCoin will enable users to perform transactions transparently or privately. Interestingly, if at some point the NavCoin community decided to implement fully anonymous transactions, this would also enable anonymous staking, making NAV the first fully-anonymous stakable coin!Photo by ev on UnsplashDumbing it upNow, while NavCoin’s technological features are what make wheels keep turning, ultimately, the purpose of NAV is to be so simple your Grandparents could use it. That is why everything the end-user experience of NavCoin is designed for convenience and usability. Transactions are fast, with 30 second block times and only 5 blocks required for transaction finality. They are cheap too! It is possible to move thousands of dollars worth of NAV for just a few Navis, or 0.0001 NAV, the equivalent of a fraction of a cent!Photo by Carl Heyerdahl on UnsplashAnd just when you thought NavCoin couldn’t simplify things further, you can use OpenAlias to give your wallet a human readable name! Gone are the days of needing a string of 35 characters in order to send someone a payment.Currently, staking with NAV is both affordable and simple for the average user. All that’s required is either a VPS or a home computer and you’re away! No high-end equipment needed. There’s no need to sync the entire chain to be able to do so either! NavCoin has a choice of light wallets available with NavPay, NEXT and NavCash. Work is also well underway to add support for voting procedures to these light wallets also. And by taking part in voting NAV users are able to have their say in how half a million NAV are spent improving the network each year. Soon, you’ll be able to send, receive, stake and vote all from a device as low powered as an average smart-phone.Original photo by Jon Tyson on UnsplashHistory, it seems, tells a similar story each time humanity experiences a technological revolution. Joe Public was happy to use the postal service, until, from their perspective, overnight email comes along and changes everything. Joe Public was content to connect with distant friend and relatives at Christmas and birthdays, until, overnight social media comes along and changes everything. And so, when cryptocurrency comes along, ‘overnight’, changing everything, NavCoin is ready and waiting to show them how easy and painless the changeover can be.If your Grandparents can use PayPal, they can use NAV.Navigating NavCoin was originally published in NavCoin Collective on Medium, where people are continuing the conversation by highlighting and responding to this story.

NAV

20. 06. 10

NavCoin Core 5.5.0 — DAO Ex...

NavCoin Core 5.5.0 — DAO ExtensionNavCoin Core 5.0.0 — DAO ExtensionThis major release includes multiple soft forks which will extend the NavCoin DAO and enable the community to not only vote on the allocation of the decentralised fund, but also vote on the network consensus parameters changes as well as a non binding onchain voting mechanism called consultations.By downloading and installing this new version of software you will be automatically voting “yes” for the included soft forks. To vote “no” you can set rejectversionbit=X in your config file, replacing X with the version bit number you wish to reject.Once a soft fork reaches consensus, it will be activated on the network 1 period after being accepted at which point everyone running navcoin core whether you’re mining or not, will need to upgrade to this version.You can keep track of the soft fork voting progress on the block explorer.https://www.navexplorer.com/soft-forksOn top of the DAO Extensions, there are some interesting upgrades including Dandelion++ which is one of the components of NavCoin’s new privacy protocol BLS Confidential Transactions.For more info, check out the release notes below;DAO Extension<Pull Request 530>This PR includes a series of Deployment Proposals as described in https://www.reddit.com/r/NavCoin/comments/bs4pvn/proposal_for_the_extension_of_the_community_fund/:Adds support for abstaining in the votings. (Version Bit 19) — includes functional testEnables voting state cache, reducing the amount of votes which need to be broadcasted down to 1 per address. (Version Bit 22) — does not include specific functional test, but old fund tests pass having this deployment activatedEnables DAO consultations. (Version Bit 23) — includes functional testEnables modification of consensus parameters through DAO consultations. (Version Bit 25) — includes functional testEnables voting delegation and voting from light wallets. (Version bit 27) — includes functional testAllows fund proposals to have a different address for signing the payment requests and for receiving the payment. This allows to use arbitrary scripts as payment addresses, like multisig addresses. When the payment address differs from the owner address, the first will be specified using the p parameter on the JSON object embedded on the strDZeel property of the transaction.Includes UI to manage the new DAO features.Dandelion++<Pull Request 588>This PR adds support for Dandelion as described in https://github.com/bitcoin/bips/blob/master/bip-0156.mediawikiMnemonic startup GUI<Pull Request 659>This PR adds a Startup GUI which allows for the ability to restore and create wallets with Mnemonic words. Mnemonic words are like a read readable master key for BIP32 a bitcoin proposal to make key generation derived from one key or a masterkey instead of being randomly created as before hand.More InformationFor the full release notes please visit the Community Fund Stability Patches release tag on GitHub.To download the NavCoin Core 5.0.0 please visit the Wallet Downloads page.NavCoin Core 5.5.0 — DAO Extension was originally published in NavCoin Collective on Medium, where people are continuing the conversation by highlighting and responding to this story.

NAV

20. 05. 28

“Who will Watch the Watchme...

“Who Will Watch the Watchmen?” — Why Privacy Matters to NavCoin and Why We Are Bringing it BackNavCoin has never made a secret of the fact that we believe strongly in the privacy rights of individuals. It is with no irony whatsoever then, that we would like to proclaim our latest announcement from the rooftops:After years of wait, NavCoin is closer to see its privacy-preserving features restored! Work upon the new protocol, BLSCT — designed from scratch by our engineers — has completed another major milestone and will be soon ready for testnet deployment!From A to B, via X, Y and ZIn the beginning, there was NavTech. This first method of making NAV transactions private showed much early promise but, after much deliberation, was scaled down in favor of the advancement of other solutions.ZeroCT, based upon Zerocoin, was the next avenue previously explored. This method of obfuscating transaction amounts with the addition of confidential transactions combined with the shielding characteristics of Zerocoin offered a very high level of privacy. Sadly, when it came to testing time for this solution and it was implemented in a testnet environment, a flaw in the original protocol was found.And so, with renewed vigor, it was back to the drawing board. Led by 0x2830 -the latest addition to the NavCoin development team — completion of the protocol has been a gargantuan task. After many months in the making though, now, BLSCT (Boneh-Lynn-Shacham Confidential Transactions), is almost ready to deploy!How does it work?In a sentence, BLSCT uses a combination of BLS signatures (which assist shielding the origin of a transaction), Confidential Transactions (which shield the amount being transacted) and Stealth Addresses (which add complete privacy for the missing part, the receiver).The use of BLS signatures has many benefits, both for user and network. By blending the transactions occurring inside of a block, tracing the identity of the transaction maker is made almost impossible. A user could send multiple transactions in fact, and any potentially prying eyes would be unable to infer any obvious connections between them. They are aggregated and this aggregation is possible with any number of transactions. Also, because only a single signature is required per block, and not each input, it is great for keeping NavCoin scalable for years to come.Photo by 𝓴𝓘𝓡𝓚 𝕝𝔸𝕀 on UnsplashUsing BLSCT has other advantages too! When a user first sends a transaction, they can choose whether to coalesce their coins with others before sending. At this point, their wallet will send an anonymous request using Dandelion++ for coins from other nodes. Once the session is broadcasted, those nodes connect together anonymously through Tor. Then the sender selects several coins at random from the responses received, jumbles them together with the original user’s coins, and only then, are the coins sent to the network. In this way, the user who requires true privacy is enabled with this, and those that provide liquidity to the mixing-process receive a fee for their service, earning a completely passive income and increasing their balance!How far away are we?At the time of writing (May 18th, 2020) we are entering the final furlong of this marathon development mission. Support for private transactions is in place and ready to go. It is possible to send and receive both private and public coins. Wallet support for creation and validation of these types of transactions is complete, and the GUI for them (sending, receiving, histories, and balance) is finished.And now, with the completion of P2P mixing features, integration of BLSCT is within arms reach. As of today, users can download, build, and test the features of BLSCT in a private local network environment. Just head over to Github!The last major task to complete is the integration of GUI and RPC commands and the addition of test units. Once these remaining items are ticked from the to-do list, BLSCT private transactions will be ready for battle on testnet, and assuming no hiccups en route, mainnet release should follow shortly thereafter.Photo by Markus Spiske on UnsplashThe reason why privacy matters.Why is it then, that NavCoin believes privacy features to be such an important achievement? Afterall;What exactly is in a name?An internet browsing history?The details of your finances?Photo by Ev on UnsplashThere is a common old saying that dictates; ‘only the guilty have anything to hide’. When it comes to our personal information though, nowadays, more and more of us are realizing that this adage simply does not hold. If it did, then perhaps, it would be better if our boss were able to know when we’ve had one too many ‘shandies’ celebrating a friend’s birthday on a work night? Or that your local Government representative knows you enjoy the movies of Matt Damon a little more than you should?While these may seem like frivolous examples, behind the comfort of closed doors, we all like to feel as if we are in control of who knows what about our business. It should be our choice as to which details of our lives we expose to which individuals.On a larger scale, there is also a more sinister side to the story. Data breach scandals — such as those linked to Cambridge Analytica — have been shown to have wide-reaching consequences, even potentially affecting the outcomes of major socio-political events.Photo by Sandro Cenni on UnsplashWith all this in mind, it is obvious why NavCoin has long recognized the importance of these issues. Ever since its inception in 2014, it has been an advocate for privacy in the cryptocurrency sphere. Did you know the original name for NavCoin was NavajoCoin? It was inspired by the Navajo tribe code talkers who, by their unique linguistic characteristics, were acclaimed as a critical factor in the Allied victory of world war two.Photo by Chloé Stein on UnsplashNowadays, while the name of NavCoin may have been trimmed down, the principles remain the same: privacy matters.The bottom lineIt is often said that ‘data is the new oil’. If this is the case, then the highest quality, and therefore most valuable, variety of all ‘digital black-gold’, is that of your finances. Governments and international conglomerates will seemingly stop at nothing to place trackers on you and your spending habits. Some only want to sell you more product, others have darker intents, but by utilizing a unique duel-technique approach, BLSCT, NavCoin offers a complete privacy solution that operates in a decentralized and trustless manner. NavCoin gives back ownership of financial data to its users. Using NAV gives you the choice to decide whether to leave a permanent record of your purchases and payments or not. There are no ‘watchmen’ when using NAV. No centralized servers or trusted set-ups are required. This leaves no room whatsoever for censorship or human-error. The only faith required is in cryptography. And with faith in such short supply nowadays, this can only play to NavCoin’s advantage.“Who will Watch the Watchmen?” — Why Privacy Matters to NavCoin and Why We Are Bringing it Back was originally published in NavCoin Collective on Medium, where people are continuing the conversation by highlighting and responding to this story.

NAV

20. 05. 28

A Guide to Marketing NavCoi...

A Guide to Marketing NavCoin — Done In 15mins A DayThe following text is extracted from a Reddit post whose author is anonymous. We felt urged to spread it — it accurately describes our approach to marketing!Ok. So over the last year or so, I’ve seen some proposals to run marketing campaigns for NavCoin. These are cool and all, but they’re ultimately going to be drops in the ocean.Marketing has changed. Running ‘marketing campaigns’ is an old school mentality.So here’s my approach at giving you all a guide on how we should be marketing NavCoin. And spoiler alert: it involves each and every one of you.One note first:NO ONE SHOULD BE PAYING FOR MARKETING. If people ask for funds from the community fund — be very sceptical. They’re going to promise the world, but not give much value back. And most of the paid advertising options in crypto are scams.We’re in a new world where most of the traditional digital marketing channels won’t work well (SEO, Google Ads, Facebook Ads, etc).In this stage of the market — people will only search for us if they know us, but no one knows us. Most people don’t know NavCoin (yet…). So we have to find where the conversations are happening online, and be a part of them. We’re not going to take over the world through sticker campaigns.So what should we be doing? The new way of marketing is through building audiences. We don’t have the option to build a new Facebook/Discord/Google (good luck with that…). And we shouldn’t be trying to pay Facebook/Google/Reddit to get in front of crypto users faces — that’s not scalable. So what do we need to do? We need to build it organically. We need to build audiences.What I’m going to talk you through is an approach for members of our community to build audiences now, so that when the next wave comes, we’ll be in a good place to capture attention that comes from those all-time highs…But I don’t have access to the NavCoin social accounts! How can I build an audience?For this to work — it needs to NOT come from the NavCoin account. The NavCoin account should be dedicated to just focusing on publishing updates/news/alerts for the network. It’s not going to grow us a massive audience organically.But why should I put this effort for NavCoin?You’re not doing this for NavCoin. You’re doing it for yourself. NavCoin will benefit as a side effect. By building an audience, you give yourself leverage. You create a brand for yourself. You unlock opportunities in the future that aren’t to do with NavCoin.The good news: It’s easier than ever to build an audience. You don’t even need to be an amazing writer. You just need to be smart, not be spammy, share interesting perspectives, don’t sell out, and post on a regular basis.Who are you to say what will work or not?I’ve been involved in a few crypto’s for the last 5 years, and I genuinely want to see NavCoin succeed. NavCoin has one of the most solid foundations — a very smart, and very dedicated team that believe in privacy, and believe in NavCoin.So… Here’s What To DoThe basic premise for building an audience is fairly simple. We need to find where our target users are and share interesting content to grow our user base. But the most important thing is to not come across as a shill! If all you do is gush about how amazing NavCoin is — no one is going to follow you.Look — I love NavCoin. A lot. But it’s got a long way to go, and pretending it’s amazing is just fake. It’s got huge potential — definitely. That’s why we’re all invested. But we have to build that vision first.Now lots of people have crypto accounts on Twitter, etc — so how do we grow our audiences? Let me give you a step by step formula for what you need to be doing…First — Where Should I Be Signed Up?In my opinion — these are the top channels for crypto:TwitterFacebook groupsDiscord channelsReddit is meh, but give it a shot if you’ve got time. It’s good for communities, but all the ‘general crypto’ subreddits are moderated to hell. You can be sure they’re controlling which coins get shilled, and keeping the competitors out.Facebook Groups and Discord allow you to post content. But Twitter allows you to build a following. So this is where we’ll start…What Should I Post?Our aim is to add value. There’s a lot of noise out there, so if you can create an account that shares the most interesting/informative crypto tweets/articles, you’ll be a step ahead of everyone else.The aim is to post about the following things:BitcoinEthereumthe ‘Blockchain of the moment’ to tap into the big conversations happening in crypto.Web3The future of paymentsInteresting blockchain projects/technologyCrypto influencers. Talk about those that are genuinely smart, and adding value to the community. By tagging them in a positive way, you make it so that they can see you, and more likely they’ll like/reshare your post.Memes. Add humour, this industry is dry enough…Technical analysis.And then….and only then, can you post about NavCoin. I’d say as a maximum NavCoin could be about 5% of your content.Be smart about posting about NavCoin:Don’t use stupid arguments. Don’t say NavCoin is going to replace everything. Don’t say it’s going to take over Bitcoin.It’s more likely that NavCoin will be a subsystem within crypto — for private payments/projects. It’s cheaper, it’s faster. We aren’t competing with ETH or BTC — in my opinion the future of NavCoin is that it’s invisible. Our ecosystem is building tools so that you don’t need to think about crypto — you don’t need to buy it, it’s all under the hood. Most people won’t even know they’re using it.Don’t speculate about prices. This is useless chat and characteristic of spammy accounts.Don’t be too negative. Stop trying to pull people down. Just focus on the good in the space & bring attention to it.But in saying that, don’t be uncritical. There are genuine scams out there, and you need to distance yourself from them.Add your 2 cents. Add personality to your content. Add your opinion.Everything You Need To Do — Step By StepCreate your account. Don’t call yourself “NaVcOiN_ L0v3r”. That instantly makes what you post less trustful.Every day — follow the top crypto accounts, reply to a tweet or two with valuable comments, and share interesting articles/opinions on your account. You could do this in 15mins.Every week/2 weeks — write a longer post/guide on something. Write a tweetstorm about ‘the best crypto wallet everyone should be using’.Most people don’t know about NavCoin, which means they won’t be interested in 80% of our content. So mostly write about the coins with huge followings. Become influential, even if it’s only to 20 people. Add value by making things simple to understand.And mention NavCoin in non-shilly ways about 5–10% of the time. Don’t PUSH. If you push, people put their defences up. You must PULL. Make people curious about NavCoin. Only share the top content from NavCoin — not every little update. Only big news. Hell — don’t talk about NavCoin for the first few months.Bonus step for overachievers: Build your local community. Give NavCoin to your friends. Not just 1NAV though. It’s an investment, you’re paying to get them interested. You’re paying to give them skin in the game. Get them to help you write content. Get them to help grow your audience.THAT’S IT. Don’t overthink this. Don’t plan out things bigger than you can chew. Just 10 mins a day, for the next 3 months will do more for NavCoin than anything we’ve done in the past. You won’t go viral overnight. It will start slow, but speed up over time.How NavCoin Becomes UsefulThere are 3 core things to making sure the NavCoin ecosystem thrives in the future. It’s by having:A robust developer ecosystem. By making it technologically exciting to get involved. We need our infrastructure strong, and we need technical builders to do it.Products — we need products built off NavCoin. Think about industries where payments take place, how can you combine NavCoin and other blockchains together to create amazing user experiences. What do you hate about money/payments in the real world/digital world. Think about them, share your vision, get feedback, find people that like the idea, and build it. Not a developer? There are so many ‘no code’ tools now that allow you to build pretty much anything, without needing to know code at all.Audiences. ‘NavCoin’ doesn’t need marketing. You all need marketing.Databases didn’t need “marketing”. They didn’t need an SEO plan or Facebook ads. What databases had is influencers that talked about the tech’s benefits organically, and products that made it easier & easier to use.You are the influencers for NavCoin — so go out there and influence. This is how decentralised projects work. There is no ‘team’ that you can blame. If you own NavCoin — you are the team.To do this, you need to talk about things everyone cares about. And at this point, most people don’t care about NavCoin (as it is for most cryptos…. it’s a very competitive space, and people only have so much time). Not until we tell stories that make it interesting.THAT’S IT. NOTHING MORE. NOTHING LESS.We’re at the beginning of the next hockey stick period of growth. The world is uncertain, and looking for alternatives. People are starting to get excited about crypto/blockchain again. SO NOW IS THE TIME TO ACT. Build that audience. So that when the users start flooding in, we’re ready & waiting for them.This is what I’ll be doing. I’ll see you all out there.—ECA Guide to Marketing NavCoin — Done In 15mins A Day was originally published in NavCoin Collective on Medium, where people are continuing the conversation by highlighting and responding to this story.

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20. 05. 28

The future of NavCoin gover...

When NavCoin initially launched in 2014, its core concepts were clear. One such core commitment is, and always will be, that decentralisation isn’t just a buzzword. With each protocol upgrade the innovative network has seen, they have stayed true to this promise, and with the imminent release of the NavCoin DAO upon us, the ecosystem looks to make another massive stride toward its goals.Photo by Valeriia Miller from PexelsBefore we dive more into the details of the NavCoin DAO, let’s take a quick look at what exactly a ‘Decentralised Autonomous Organisation’ is. A DAO can be described as:“…an organisation represented by rules encoded as a computer program that is transparent, controlled by shareholders and not influenced by a central government”This concept has long been heralded as a potential holy grail of achievement, both within the cryptocurrency sphere and also the wider world of business and investment. With proper implementation, DAO’s can provide legitimate solutions to many real-world problems. In principle, there is no central authority, such as a development team or Foundation, holding the reins of control. DAO’s return the power of governance to the community who ultimately are most affected by these decisions.To this effect, there is no one entity that can produce a unilateral decision. Users, miners and development teams all have equal weighting in their ability to exert their personal will without agreement from others. Ultimately, this also makes a DAO entirely incorruptible to human persuasion. It cannot be bought, bribed or banned by shady enterprises or enforcement agency. Even John Wick himself, could not excommunicate a perfectly programmed DAO!While this idea, in theory, is seemingly flawless, in practice DAO’s have been the source of much controversy. Most famously of all such cases, 3.6 million Ether was stolen in 2016 by hackers exploiting a vulnerability in the Etheruem DAO. This resulted in a hard fork event for the network, something which everyone involved with NavCoin are obviously keen to avoid!And so, what improvements does the NavCoin DAO make upon its predecessors, and, importantly, why are these tools so vital going forward?Essentially, there are three key prongs to the NavCoin DAO trident. Let’s break them down.FlexibilityWith the world entering a period of unprecedented uncertainty, now, more than ever, questions regarding the parameters controlling the financial markets are coming to the forefront. In the convoluted spectrum of fiat finance, these answers are usually somewhat elusive, to say the least.Conversely to this, in cryptocurrency, the principles of “code as law” are deep- rooted, bringing with it a sense of transparency of certainty. In the wake of the 2008 financial crisis, Bitcoin was born, and with it, the novel notion that currency supply needn’t be an infinitely inflationary model.Rigidity brings its own constraints however, as many crypto-communities have sadly found out the hard way. Without flexible parameters, vulnerabilities or outdated concepts can bring entire blockchains to their knees. For this very reason, unlike other DAO projects, NavCoin DAO allows for parameter updates. In fact, it allows any community member, regardless of coding ability, to bring a proposal forward, on any parameter whatsoever. The community are able to fund, guide and alter their networks rules without the involvement of developers.Take, for example, the “money printer go brr” meme we’re sadly all too familiar with. While NavCoin, much like Bitcoin, has scheduled emission (2.5 NAV per block), thanks to the NavCoin DAO, users can bring about a consensus to adjust block emission rates.In times of uncertainty this is a powerful feature, and, of course, is not limited to block emission rates. Any parameter whatsoever affecting the blockchain can be adjusted via this mechanism! The process in place guarantees that any NavCoin user, regardless of technical know-how, can have their voice heard and bring forward proposals to ultimately be decided upon by the community.ImmunityWhile consensus mechanisms are, generally speaking, the best tool for governing such decisions, they too, have been known to cause issues. Lower voter numbers on smaller topics can, and have, resulted in bad actors receiving payment for work never intended to be completed. To ensure that illegitimate proposals do not receive funding via loopholes in voting procedures, NavCoin DAO works hand-in- hand with a multi-consensus community funding system. This unique way of working means that, at no point, can bad-actors receive funding for shoddy or incomplete work, protecting the community.Photo by Lukas from PexelsConsultationWhile of course, protecting the interests of the network are vital, it is important too, to empower developers wishing to build using NavCoin. It is for this very reason, that the DAO brings with it a unique consultation system. With this system, developers can gauge the mood of the community before committing their time and resources to developing a full-blown proposal. This feature could also be used in a number of other novel ways. Say, creating a NavCoin community poll on their feelings toward privacy features.Photo by Element5 Digital from PexelsAnd speaking of privacy features, in addition to work being done upon NavCoin DAO, the next core upgrade will implement an entirely new privacy protocol. With much controversy surrounding the use of privacy features in the current climate of contact tracing, it will be interesting to explore the implications of this as governments look to phase out the use of cash and paper money in the wake of an international pandemic.For now, however, as traditionally rational markets show signs of instability, it is no surprise that the spotlight shines upon cryptocurrency once again for viable solutions. With the release of NavCoin DAO, NavCoin equips itself with the vital tools necessary in recognising and enacting the will of its users. More so than this, it does so without constraining them through predefined parameters, and at the same time, protects the network from censorship and malice.The future of NavCoin governance. was originally published in NavCoin Collective on Medium, where people are continuing the conversation by highlighting and responding to this story.

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20. 05. 28

NavCoin Core 4.7.3 — Header...

NavCoin Core 4.7.3 — Header Spam Protection ImprovementsThis release only features one merged pull request, but it is an important security patch. It is recommended for all stakers and economic nodes to update immediately to ensure network stability. Everyone else running NavCoin Core is recommended to upgrade as soon as possible, even if you’re not staking.Anti Header Spam v2<Pull Request 656> <Commit 5f11875>Introduces a new anti header spam system which improves the previous implementation and addresses the art-of-bug reports.Features:Every time a header or block is received from another peer, its hash is added to a points list associated with the peer.Peers are discerned by their ip address, this means peers sharing ip address will also share the same points list. This can be changed with -headerspamfilterignoreport (default: true).Before proceeding with the block or headers validation, the points list will be cleared removing all the hashes of blocks whose scripts have already been correctly validated.The peer is banned if the size of the points list is greater than MAX_HEADERS_RESULTS*2 once cleared of already validated blocks.The maximum allowed size of the points list can be changed using the -headerspamfiltermaxsize parameter.The log category headerspam has been added, which prints to the log the current size of a peers points list.When -debug=bench is specified, execution time for the updateState function is logged.ConsiderationsThe maximum size of the points list by default is 4,000. With a block time of 30 seconds, NavCoin sees an average of 2,880 blocks per day. A maximum value of 4000 is roughly one and a half times more than the count of blocks a peer needs to be behind the chain tip to be in Initial Block Download mode. When on IBD, the header spam filter is turned off. This ensures that normal synchronisation is not affected by this filter.An attacker would be able to exhaust 32 bytes from the hash inserted in the points list + 181 bytes from the CBlockIndex inserted in mapBlockIndex for every invalid header/block before being banned. The points list is cleared when the attacker is banned, but those headers are not removed from mapBlockIndex or the hard disk in the current implementation. The size of CBlockIndex has been measured with:CBlockIndex* pindex = new CBlockIndex(); CDataStream ssPeers(SER_DISK, CLIENT_VERSION); ss << CDiskBlockIndex(pindex); std::vector<unsigned char>vch(ss.begin(), ss.end()); std::cout << to_string(vch.size()) << std::endl;The default maximum value means that a single malicious peer with a unique IP can exhaust at max 3,999*213=831 kilobytes without being banned or 4,000*181=707 kilobytes being banned.More InformationFor the full release notes please visit the Header Spam Protection Improvements release tag on GitHub.To download the NavCoin Core 4.7.3 please visit the Wallet Downloads page.NavCoin Core 4.7.3 — Header Spam Protection Improvements was originally published in NavCoin Collective on Medium, where people are continuing the conversation by highlighting and responding to this story.

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20. 02. 08

NavCoin Core 4.7.2 — Commun...

NavCoin Core 4.7.2 — Community Fund Stability PatchesThis patch fixes various issues which were investigated and identified as part of the community fund stability review undertaken by the NavCoin Core developers. It considered a mandatory update due to the included stability patches and will require a reindex or full resynchronisation of the blockchain to take effect. Please read the full release notes for further instruction.Fix for Verify Chain<Pull Request 634> <Commit 049978e>This patch fixes Issue 630 and introduces several important changes.New RPC command getcfunddbstatehash covered by functional test cfunddb-statehash.pyNew state for payment requests 6 when those are paid.The payment request parameter paidOnBlock is substituted by stateChangedOnBlock when state is 6New structure for storing the state history of CFundDB entries. Those are stored in a map associating blockhash and state, allowing to directly revert state transitions when reorganizations are seen.verifychain now checks for the consistency of the CFundDB state hash when level 4 is specified.IMPORTANTThis set of changes will require older clients to reindex on launch, keeping the node offline for some hours at best. In order to reduce downtime, node operators can proceed as follows if needed:Close node with old version.mkdir /tmp/reindexdata; cp -rf <data_folder>/blocks /tmp/reindexdata/; cp -rf <data_folder>/chainstate /tmp/reindexdata/Reopen node with old version. It will be again onlineLaunch in parallel a second instance of the node, this time using the new version with the parameters -reindex -datadir=/tmp/reindexdata/Once the reindex finishes, close both nodes and copy back the reindexed data.rm -rf <data_folder>/blocks <data_folder>/chainstate; cp -rf /tmp/reindexdata/* <data_folder>Relaunch new version of the node.CFundDB extra log and ensure read before modify<Pull Request 622> <Commit 37fa72e>This PR adds extra log for all the modifications of the CFundDB and ensures entries are read in the memory cache before being modified.Restart testnet<Pull Request 628> <Commit b8ed018>This pull request starts a new NavCoin testnet. If you’re running a testnet node you will need to will need to wipe your testnet data directory and connect to the new testnet nodes. A list of some of the testnet nodes operated by NavCoin Core developers can be found on Issue 626. If you need testnet coins or want to be added to the list of nodes, please comment on the issue or join the #dev-testnet channel in Discord.Full list of Merged PRsPull Request 652 Commit 0cde809 Remove new version popupPull Request 651 Commit 95b524e Update translationsPull Request 648 Commit 09f0531 Update QT stringsPull Request 647 Commit 0eafc3b Reactivate CFundPull Request 641 Commit 494d4e2 Add extra stats to getblockPull Request 634 Commit 049978e Fix for verifychainPull Request 644 Commit 5d59483 Adds proposalHash to the RPC getpaymentrequestPull Request 643 Commit d501c89 CPaymentRequest fields incorrect in diffPull Request 638 Commit 8131b42 Fixed freezing GUI on reindexPull Request 632 Commit 2ad3391 Fix reference to chain tipPull Request 629 Commit 2a6c64f Seed nodesPull Request 637 Commit ad883cd Set DEFAULT_SCRIPTCHECK_THREADS to autoPull Request 624 Commit 7058550 Updates to make the wallet.py and stakeimmaturebalance.py test more reliablePull Request 636 Commit e6f3c23 Only count stakes in main chainPull Request 633 Commit bfe9071 Add second dns seederPull Request 622 Commit 37fa72e CFundDB extra log and ensure read before modifyPull Request 628 Commit b8ed018 Restart testnetPull Request 623 Commit 09ea936 Disable CFund client functionalityPull Request 609 Commit 1e73c05 Added clearer error messages for the nRequest amount validationMore InformationFor the full release notes please visit the Community Fund Stability Patches release tag on GitHub.To download the NavCoin Core 4.7.2 please visit the Wallet Downloads page.NavCoin Core 4.7.2 — Community Fund Stability Patches was originally published in NavCoin Collective on Medium, where people are continuing the conversation by highlighting and responding to this story.

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19. 12. 20

NavCoin News — October 2019

NavCoin News — October 2019This months newsletter focuses on NavCoin Core progress, NavCoin on the DigiByte & Friends podcast, and NavPay’s resubmission to the iOS store.NavCoin Core UpdateSince the release of NavCoin Core 4.7.0 Purple Zebra last month there have been seven pull requests which have been reviewed and merged into master.Some of the interesting additions are;PR#605 — A graphical interface for users to voluntarily split a percentage of their stakes either to one of their own addresses, the community fund, a bounty program, or to directly sponsor a core developer.PR#587 — The capability to generate raw script addresses which starts to make advanced OP_CODE scripting easier for anyone to create through the command line.There are still three pending PR’s which need review before the release of the next patch version of NavCoin Core 4.7.1, so there is no definite date on the patch release as of yet.Beyond this, testing and refinement of the DAO extensions has started in earnest. Beyond the regular set of NavCoin Core Developers, salmonskinroll has been a massive help to testing pull requests lately and specifically the DAO. He has been doing some great work to help the developers find and fix issues, claiming multiple bounty payments as a result.As per the requirements of his accepted community fund proposal, proletesseract has committed two days per week minimum to work on the DAO with aguycalled and mxaddict. This will firstly result in an expansion of the python test suite as we try and cover all the eventual logical possibilities and resolve any bugs found during that process. Ultimately the DAO extension is the NavCoin Core Developers primary focus as we work towards releasing 4.7.1 and keeping other wheels moving.DigiByte & Friends 01 — NavCoin, Staking & DAO’sNavCoin Developer proletesseract was invited as a guest on the inaugural episode of the DigitByte and friends podcast. The conversation spans a range of topics starting with the history of NavCoin and aims to educate blockchain enthusiasts on the topics of Staking, on-chain Governance and Decentralised Autonomous Organisations. If those are some topics which you want to learn more about in the context of NavCoin or just blockchain in general then make sure you check out the video.https://medium.com/media/6b6dadb737a64b2232928b097cc0aec7/hrefThe video premiered on the 25th of September and was accompanied by a live chat with Craig & Josiah. For the full experience watch it on youtube and open the chat replay to checkout the conversation as well.NavPay Re-Submitted to iOSDuring the podcast with Josiah we found out that DigiByte has managed to get their iOS application approved in the Apple App Store. NavPay has previously been submitted but was rejected due NavCoin not being on the “approved” list of virtual currencies available in the app store. It is our understanding this restriction has been lifted, so proletesseract with the help of anquii worked to get the latest verison of NavPay to compile against the latest requirements of the iOS store and NavPay has been successfully resubmitted for iOS.There is no guarantee this application will be successful and it’s likely that it will take some time to get it approved if it’s even possible at all, but at least we have the wheels moving again for this dedicated NavCoin wallet on iOS.Community News ContributionsThis month is the first without dedicated funding to support NavCoin’s social media channels and Community News. You can read more about the transition in the article NavCoin News & Social Media by proletesseract.The main idea for the community news is that it is now a federated publication that relies on content submissions from the community.This month there we unfortunately no community submissions so the monthly news only consists of what parts of the NavCoin project proletesseract has been directly involved in. In reality there have been a lot more going on in the community than this news letter reflects.If you’re doing anything newsworthy within the community it is now your responsibility to write it up and submit it by filling out this Google form.Community Fund UpdateThere is currently 25,662 NAV available in the community fund with 3 pending proposals and 3 pending payment requests being voted on.To check out the full list of proposals and payment requests, visit the community fund page of the block explorer.https://www.navexplorer.com/community-fundAnd remember, anyone can submit a funding proposal which gets voted on by the network. To learn more about how the community fund works and kickstart your next crypto project, head on over to the NavCoin Community Fund page.https://navcoin.org/en/community-fundThat’s all for this month. Don’t forget that you can receive the monthly news by email. If you would like to be added to the mailing list, please sign up here.And if you want your project included in the community news, write it up and make your submission by filling out this Google form.— — —Join the conversationNavCoin Discord |NavCoin Reddit |NavCoin Twitter |NavCoin Facebook|NavCoin Telegram | NavCoin Bitcoin TalkResourcesNavCoin Knowledge Base | NavCoin YouTube | NavCoin Core GitHubLearn more about NavCoinNavCoin Community Fund | NavCoin Governance |NavCoin Core Roadmap| NavCoin Community Hub | NavCoin Community ProjectsNavCoin News — October 2019 was originally published in NavCoin Collective on Medium, where people are continuing the conversation by highlighting and responding to this story.

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19. 10. 16

NavCoin News & Social Media

The Community Fund sponsorship of the monthly news & accompanying social media posts has come to an end. After discussing the continuation of a similar proposal, the consensus within the community seems to favour focusing my time more on helping to clear the backlog of pending pull requests and working on new features for NavCoin Core.Not thinking it wise to completely abandon the monthly newsletter and social accounts i have tried to come forward with a way compromise to keep the wheels moving while I focus on development.Federating the Monthly NewsSince NavCoin is a community driven project, it makes some sense to make the monthly newsletter is a federated publication based on user submissions.This means it is each community members responsibility when you have some news to share about progress in your NavCoin project, an exchange listing you’ve helped secure, the community fund / payment proposal you’ve submitted, the youtube video you’ve made, the article you’ve written or anything you’ve contributed to the NavCoin project, you would submit a brief write up here which will then appear in the next monthly newsletter.This will mean that instead of having to research and write the entire newsletter, I will be simply compiling the submissions, adding my own section about what I have completed and circulating it through our channels.I will also cease publishing the Community Roundtable write up, so if you want to keep up with the roundtables, you’ll need to join our Discord.The deadline for submissions is the third Tuesday of every month with the newsletter being published on the third Wednesday of every month and syndicated through all of our social channels, mailing lists and websites.To submit something for the monthly news, simply fill out this Google form.Automating Social Media PostsAt the request of the community I opened some public Trello boards which we have setup so the community can contribute to the posts which appear on NavCoin’s Twitter & Facebook.On the social posts board, I had been building up a library of recyclable content that was used to ensure we had social posts going out every day even when there was no tailored content to post. I have taken this concept one step further and actually automated the posting of these recyclable posts.This bot will read the Trello board and use Buffer to schedule the top social post to twitter and facebook every day then move the Trello card to the bottom of the list. As well as cycling through this content, the bot will also post to Twitter & Facebook every time a pull request is opened, closed, reopened or merged on the NavCoin Core Repository.body[data-twttr-rendered="true"] {background-color: transparent;}.twitter-tweet {margin: auto !important;}The pull request "test commit for social PR bot" has been closed on NavCoin Core by proletesseract, check it out here: https://t.co/gxQor57QRF #OpenSource #Blockchain #GitHub #NavCoin — @NavCoinfunction notifyResize(height) {height = height ? height : document.documentElement.offsetHeight; var resized = false; if (window.donkey && donkey.resize) {donkey.resize(height);resized = true;}if (parent && parent._resizeIframe) {var obj = {iframe: window.frameElement, height: height}; parent._resizeIframe(obj); resized = true;}if (window.location && window.location.hash === "#amp=1" && window.parent && window.parent.postMessage) {window.parent.postMessage({sentinel: "amp", type: "embed-size", height: height}, "*");}if (window.webkit && window.webkit.messageHandlers && window.webkit.messageHandlers.resize) {window.webkit.messageHandlers.resize.postMessage(height); resized = true;}return resized;}twttr.events.bind('rendered', function (event) {notifyResize();}); twttr.events.bind('resize', function (event) {notifyResize();});if (parent && parent._resizeIframe) {var maxWidth = parseInt(window.frameElement.getAttribute("width")); if ( 500 < maxWidth) {window.frameElement.setAttribute("width", "500");}}I will still be posting some tailored content and look to further build on this bots capabilities to perhaps report on more NavCoin related GitHub projects or post scheduled reminders about upcoming monthly Developer & Community Roundtables.Again, this is really supposed to be a federated process, so if you want to participate and add posts to the library of recycled content or write tailored content for NavCoin about your efforts, please join us on discord and ask to be added to the public Trello board.Community EngagementWith both of these measures in place, it should free me up considerably to get another day or two per week of work done on NavCoin Core. It really is time consuming keeping all these things running and I have a lot of responsibilities in this project which take priority over curating social media content.The outcome of these efforts will be as good as the effort the community puts into it, so it will be up to everyone to participate.Of course, I am not the only one capable of writing a community newsletter or social posts, so if you’re reading this and you want to get involved with writing for our medium publication or social channels, get in touch!— proletesseractNavCoin News & Social Media was originally published in NavCoin Collective on Medium, where people are continuing the conversation by highlighting and responding to this story.

NAV

19. 09. 30

NavCoin News — September 2019

NavCoin News — September 2019It’s been another busy month for NavCoin as 4.7.0 Purple Zebra hits the shelves, the first developer roundtable takes place and the marketing discussions get underway.NavCoin Core 4.7.0 — Purple ZebraThe latest version of NavCoin Core is now available for download.Purple Zebra is the culmination of the last few months of work on NavCoin Core and includes 40 closed pull requests, many new features and important security updates & stability fixes. Due to the security patches, upgrading to Purple Zebra should be considered mandatory and performed as soon as possible, especially if you are staking.One of the key stability fixes was to migrate the database which stores the Community Fund data from being in its own stand alone database to be merged with the rest of the CoinsDB. This both increases performance and mitigates data consistency issues that was causing some users to reject valid blocks where their Community Fund data was incorrect.There are a lot of other fixes and user experience improvements added to the latest release including a sync progress dialog and the error log now being available in the debug window of NavCoin-QT.To check out the release notice please visit the NavCoin 4.7.0 Notice.For the full release notes visit the Purple Zebra Release on GitHub.To download the NavCoin Purple Zebra visit the Wallet Downloads page.Developer RoundtablesNavCoin Developer aguycalled has instigated a monthly NavCoin Developer Roundtable to help connect developers and share project progress. These meetings are happening on the 3rd Monday of the month @ 7PM GMT, two weeks after the community roundtable.The first Developer Roundtable was held this week where aguycalled gave an in depth overview of where he is at with the research of NavCoin’s latest privacy protocol. The main goal of any privacy protocol should be to complete two basic objectives; disconnect the sending address from the receiving address, and hide the transaction amounts so sender and receiver cannot be linked by inference.So far aguycalled is investigating the use of BLS signatures to compress and combine transactions signatures to effectively disconnect the sender from the receiver, then introducing Bulletproofs (Confidential Transactions) to hide the amounts. It’s an interesting line of research and combined with a few other protocols like Dandelion routing and the use of Stealth Addresses, could provide a very high level of privacy.More research is needed before this can be confirmed as a viable approach but as always it is good to see forward thinking research being done with the intention of improving the NavCoin protocols.While the core focus of the roundtables is on NavCoin Core development, NavCoin Developers come in all shapes and sizes and there’s a lot of projects going on throughout the community. If you’re a developer working on something related to NavCoin, or you want to join the efforts, or even if you’re not a developer and just want to join the conversation, make sure you attend the next NavCoin Developer Roundtable on 21 October 2019 @ 7PM GMT.Read the discussion on Discord channel #dev-roundtable.Marketing DiscussionsAfter being introduced during the Community Roundtable at the beginning of the month sundaybrunch, salmonskinroll and proletesseract have had two meetings to jump start the marketing conversations.The main piece of work that’s being concentrated on initially is defining the user types which we are wanting to communicate with, then figuring out what drives them and how we can connect to that audience. A public Trello board has been setup where we are collaboratively mapping out the different types of users who make up the NavCoin community, what their interests and traits are and how we might be able to reach them.The main user groups have been narrowed down to developers and stakers. The assumption is that with a bigger base of developers and stakers more progress will be made within the project and that will in turn attract more of the other user types like businesses and spenders.Currently some community surveys are being developed to help give us some insight into what types of developers and stakers the project has attracted so far to see if we can use that information to connect with more similar people.If you want to get involved in the marketing meetings, you can join the Discord channel #marketing. We are currently meeting most weeks on a Wednesday @ 9PM GMT.If you would like to join the Trello boards and help with any other marketing activities like writing Social Posts or planning advertising campaigns, then feel free to join the team here: https://trello.com/navcoinExscudo Exchange Listing & Channels IntegrationNavCoin Contributor Nio has been working hard to get NavCoin listed on the Exscudo platform. His latest efforts lead to NavCoin being included in a listing competition within their Channels application. NavCoin ended the listing competition in second place which means NAV will be listed on Exscudo.Exscudo is a “nextgen financial ecosystem” which is centered around their exchange platform, trading terminal and channels application.The exchange itself supports more than 50 cryptocurrencies and includes three fiat currencies — EUR, USD and JPY. Fiat deposits and withdrawals are available to accounts which undergo KYC/AML verification.The trading terminal is a desktop application which has been developed by their team of professional traders to suit the needs of professional traders.Channels bundles a lot of features into a simple to use application. Primarily it is a multi-crypto wallet for your mobile phone, but it also has encrypted chat and a social network where you can broadcast messages to your followers. The chat app is deeply integrated with the cryptocurrency wallet, so you can send payments to other users directly in chat and participate in airdrops and other giveaways directly in the wallet.Exscudo is definitely an interesting ecosystem to be a part of and its always great to have more fiat on/off ramps for NavCoin. NAV trading pairs are expected to be added within the next month.https://exscudo.comMagnum Wallet StakingSince being included in Magnum Wallet last month NavCoin Contributor Juguelio has been working with the Magnum Wallet team to enable staking in their wallet. We are pleased to report that Magnum have finished the integration and you can now stake NAV using their wallet.body[data-twttr-rendered="true"] {background-color: transparent;}.twitter-tweet {margin: auto !important;}@NavCoin staking is now accessible in Magnum✨ We are glad to present one more great option to receive a passive income within our wallet👏 Give it a try at https://t.co/Kjyi6ucfgH — @Magnum_Walletfunction notifyResize(height) {height = height ? height : document.documentElement.offsetHeight; var resized = false; if (window.donkey && donkey.resize) {donkey.resize(height);resized = true;}if (parent && parent._resizeIframe) {var obj = {iframe: window.frameElement, height: height}; parent._resizeIframe(obj); resized = true;}if (window.location && window.location.hash === "#amp=1" && window.parent && window.parent.postMessage) {window.parent.postMessage({sentinel: "amp", type: "embed-size", height: height}, "*");}if (window.webkit && window.webkit.messageHandlers && window.webkit.messageHandlers.resize) {window.webkit.messageHandlers.resize.postMessage(height); resized = true;}return resized;}twttr.events.bind('rendered', function (event) {notifyResize();}); twttr.events.bind('resize', function (event) {notifyResize();});if (parent && parent._resizeIframe) {var maxWidth = parseInt(window.frameElement.getAttribute("width")); if ( 500 < maxWidth) {window.frameElement.setAttribute("width", "500");}}If you haven’t tried Magnum yet, head over to their website and check it out.https://magnumwallet.coCommunity Fund UpdateThere is currently 98,760 NAV available in the community fund with 3 pending proposals and 1 pending payment requests actively being voted on.ProposalsVideo Tutorial Series (25,000 NAV)NavCoin Content Creator Colvano (ex NavTechServers) has put forward a proposal to fund a new video tutorial series (11 videos) about NavCoin to be published to YouTube and the Knowledge Base.View the proposal on NavExplorer »NavCoin Brand Coloured Spray Paint (800 NAV)A NavCoin Community Member wants to purchase NavCoin brand coloured spray paint and tag the NavCoin logo in public bathrooms throughout Oslo.View the proposal on NavExplorer »Payment RequestsMonthly Community News (15,000 NAV)Payment for 3 months of writing the monthly news, social posts and roundtable write ups.View the request on NavExplorer »+ More on NavExplorerTo check out the full list of proposals and payment requests, visit the community fund page of the block explorer.https://www.navexplorer.com/community-fundAnd remember, anyone can submit a funding proposal which gets voted on by the network. To learn more about how the community fund works and kickstart your next crypto project, head on over to the NavCoin Community Fund page.https://navcoin.org/en/community-fundThat’s all for this month. Don’t forget that you can receive the monthly news by email. If you would like to be added to the mailing list, please sign up here.And if you want your project included in the community news, jump on the NavCoin Discord and post it to the #monthly-update channel.— — —Join the conversationNavCoin Discord |NavCoin Reddit |NavCoin Twitter |NavCoin Facebook|NavCoin Telegram | NavCoin Bitcoin TalkResourcesNavCoin Knowledge Base | NavCoin YouTube | NavCoin Core GitHubLearn more about NavCoinNavCoin Community Fund | NavCoin Governance |NavCoin Core Roadmap| NavCoin Community Hub | NavCoin Community ProjectsNavCoin News — September 2019 was originally published in NavCoin Collective on Medium, where people are continuing the conversation by highlighting and responding to this story.

NAV

19. 09. 18

NavCoin Community Roundtabl...

The theme of this months roundtable largely revolved around marketing and community engagement with productive discussions being had on all fronts.Marketing DiscussionAfter a month of observing the NavCoin project sundaybrunch has joined the roundtable to discuss how to move the project’s marketing strategy forward. For context she teaches digital marketing, was introduced to NavCoin by salmonskinroll and she has taken an interest in NavCoin’s philosophy and community vision.Some initial observations being that we have some good talent in the community in terms of design capability but that the message needs to be more focused. For the most part her participation in the roundtable was more of an introduction to the rest of the community rather than a planning session and a specific marketing meeting has been set to further discuss the scope of the efforts, what our goals are and what resources we have available.If you would like to sit in or participate in this discussion, please join the NavCoin discord this Wednesday 4 September @ 9PM GMT #marketing.Proposed Symbols for NAV DenominationsSome discussion has been taken place in the community around finding a unique symbol to represent NAV in the way that $ represents a dollar.There are several things to consider when trying to decide what symbol to use, primarily whether the symbol is already widely available as part of the unicode character set. If we were to try and create an entirely new symbol it would be nearly impossible to have it included in the unicode standard.The list of contenders were narrowed down to;ꜺŇƝ₦ℕWith #1 being the favourite in the quick poll that took place during the meeting. The runner up was #4 however there is some consideration to be made that it is already the symbol of the Nigerian national currency which could become confusing.It is planned to have a network vote on the topic when the DAO consultation voting system is deployed but for now it seems the front runner is Ꜻ.Dis-incentivise Exchange StakingPreviously discussion has been made around how to protect the network as exchanges are starting to provide custodial staking services. The issue being that staking is how network consensus is achieved and the DAO makes decisions and centralising voting weight with third party providers goes against the NavCoin Core Manifesto to work towards decentralisation of the network as a primary goal.So far the leading idea is to time lock coins into staking cycles which would exclude the exchanges from participating since their coins need to be accessible for withdrawal at all times. It could be possible to have unlocked coins still participate in securing the network but receive a smaller reward and not be counted as part of the voting weight of soft forks and DAO decisions.Not all community members agreed that locking the funds is the correct way to resolve this issue so it seems there is still some exploration to be done.At this time no other suggestions have been brought forward. If you have any ideas for how to solve this interesting puzzle then feel free to join the discussion on discord and brainstorm ideas with the community.Utilising RedditWhile the NavCoin Discord community is often bustling with activity, it is a community which takes some effort to be a part of and take part in. It seems that a recurring sentiment within the community is to use reddit more as it is more public facing which makes it more accessible and shareable.Community members agree to move some of the more important conversations to reddit instead of burying them inside discord.It was suggested to handle support queries through reddit which is something we tried before but found it was not a great new user experience to have the front page of r/navcoin filled with technical issues. Most support queries can be handled by articles in the knowledge base or with realtime support on discord. Don’t forget there is an active bounty campaign to add more articles to the knowledge base and colvano has a DAO proposal being voted on to create additional tutorial content.How to Attract More DevelopersCurrently there are two development bounty programs running, one for NavCoin Core and another for the NavCoin websites. They have attracted some new developers for sure and the existing development community is quite capable and varied. The community is grateful for everyone who spends time to work with us on this project but we still need more developer engagement to hit critical mass.Hopefully some ideas come out of the marketing planning sessions with sundaybrunch and the rest of the community to further engage developers.Aside from future marketing plans, metamizolmann had some good ideas to directly engage with software development companies informing them about NavCoin and making them aware they can participate in this open source project to help up-skill their developers on blockchain technology.Another previous method was to approach local universities and find if they have any computer engineering students wanting to get involved with a blockchain project. If your local university has a blockchain or computer science club then reach out to them and us about how we can collaborate.Donating Stakes to the Bounty ProgramsOne of the issues with attracting developers is that the rewards of the bounty programs are quite low. To help fund the development efforts salmonskinroll has redirected his staking rewards directly to the bounty fund addresses. This is now possible by setting the `stakingaddress` parameter in your config file to the bounty address you wish to contribute to. Or you can map individual addresses to particular staking addresses if you would like to split the amounts between the bounties and your own addresses as example.This facility to nominate and tithe stakes to causes or charities is planned to be further refined in the future, but for now the coins need to be split to addresses to achieve this.If you would like to donate some or all of your stakes to further fund development of NavCoin then please go ahead, every NAV counts. If you need assistance setting it up just jump on discord and a community member can assist you.User Onboarding ProcessMany users are joining the NavCoin community on a daily basis but many are going unnoticed or not engaging when they join. Jottum has suggested to send a survey and information pack to new users as they join the server and post it on other social channels as a sticky.The idea behind the survey is to firstly find out some more information about where people are finding out about NavCoin so we can focus more marketing efforts on popular channels. Secondly it is to provide a starter kit for new users to more easily find out about all the awesome facets of the NavCoin project as it can be hard to see it all at a glance.We look forward to seeing how the survey comes together and any insights which come from it.Using the Community Trello BoardsAt the last roundtable meeting it was requested to revive the community Trello boards to help organise community efforts and further expose the progress of said efforts.Three boards have been setup;Marketing: https://trello.com/b/HrXTM9fo/navcoin-marketing Development: https://trello.com/b/y4yI6VdX/navcoin-development Social Media: https://trello.com/b/r0TRNOWn/navcoin-social-postsThe social media board is actively being used to manage NavCoin’s twitter and facebook posts. Some help would be appreciated to come up with new content to post on the social channels.If you want to add post ideas, join Trello and ask an admin to add you to the NavCoin Global team. Anyone who is part of the team on Trello can add new post ideas to the “planning” column for discussion, approval and scheduling.The boards are setup in a Kanban style where cards generally move through the columns from left to right through planning to done. If you’re not sure how to use the boards, please read the notes which have been written as instructions on each column and feel free to direct any questions, requests or suggestions to proletesseract on discord.We will post any ideas that come out of the marketing meeting to the trello board for public discussion.The Next Community RoundtableNavCoin’s monthly Community Roundtable takes place on the first Monday of every month at 8pm GMT. The next one is scheduled for Monday 7 October.https://navhub.org/eventsThe Roundtable event is open for anyone to read or participate in the conversation. If you would like to be part of the future of NavCoin then all you have to do is get involved. And as always a special thanks to salmonskinroll for hosting the roundtables and taking the meeting minutes.Don’t forget that you can receive this article by email. If you would like to be added to the mailing list, please sign up here.Till next month!proletesseract— — —Join the conversationNavCoin Discord |NavCoin Reddit |NavCoin Twitter |NavCoin Facebook|NavCoin Telegram | NavCoin Bitcoin TalkResourcesNavCoin Knowledge Base | NavCoin YouTube | NavCoin Core GitHubLearn more about NavCoinNavCoin Community Fund | NavCoin Governance |NavCoin Core Roadmap|NavCoin Community Hub | NavCoin Community ProjectsNavCoin Community Roundtable 005 was originally published in NavCoin Collective on Medium, where people are continuing the conversation by highlighting and responding to this story.

NAV

19. 09. 04

NavCoin News — August 2019

NavCoin News — August 2019NavCoin has been integrated into Magnum Wallet, three airdrops are underway and the first steps of NavCoin’s privacy improvements have begun.Magnum Wallet IntegrationAt the end of July NavCoin Community Moderator Juguelio submitted his Community Fund proposal to the NavCoin DAO which would sponsor the integration of NavCoin into Magnum Wallet. The proposal passed and he has been working closely with the Magnum development team to make the integration happen. We are pleased to report that NAV is now available inside the Magnum Wallet as one of the cryptocurrencies which the wallet can store and spend.Magnum Wallet is a non-custodial lite wallet that incorporates cold staking and airdrops directly into the wallet itself. It comes as an app or as a web wallet and the wallet offers ledger support for compatible coins.To promote the integration Juguelio and Magnum ran a successful airdrop campaign that saw NavCoin’s Twitter, Reddit and Telegram channels grow by thousands of users over a short few days as people joined to claim their free tokens in the promotion.These types of projects show the power of the NavCoin DAO and how any community member can use the fund to both advance the technology and increase adoption. You don’t have to be a developer, all you need is a good idea and a plan to make it happen.NavCoin Air DropsAlong with the Magnum Airdrop there have been two other successful airdrops lately used to promote NavCoin to various audiences.NavCoin Contributor salmonskinroll ran his NavCoin DAO sponsored airdrop to the biggest cryptocurrency forum in Taiwan. This airdrop was a big success with over twice as many people applying for the airdrop than anticipated. This airdrop outlined a series of steps that people could do to claim more coins like download the NEXT wallet or test the NavCoin Core 4.7.0 Release Candidate. This approach means it’s more manual and time intensive but also has more interactions with genuine users rather than twitter bots.NavCoin Contributor Nio also wanted to get in on the airdrop excitement and sponsored his own EON airdrop campaign to encourage users to vote for NavCoin to be added to the Exscudo Exchange. To participate in the airdrop you can download Exscudo’s Channels App and add Nio (EON-KTZ5U-L5564-KG6MM) to claim your EON and vote for NavCoin.body[data-twttr-rendered="true"] {background-color: transparent;}.twitter-tweet {margin: auto !important;}Hallo #Navcoin. if #nav will be listed in Exscudo(https://t.co/naqp23B8Ij) i start to use It. NO trading fee and FIAT gateway and a FANTASTIC app called CHANNELS (https://t.co/keFWDOiX6e). I will give 5 EON to everybody write me on CHANNELS (Me: EON-KTZ5U-L5564-KG6MM) #btc #ltc — @NAVcoincriptofunction notifyResize(height) {height = height ? height : document.documentElement.offsetHeight; var resized = false; if (window.donkey && donkey.resize) {donkey.resize(height);resized = true;}if (parent && parent._resizeIframe) {var obj = {iframe: window.frameElement, height: height}; parent._resizeIframe(obj); resized = true;}if (window.location && window.location.hash === "#amp=1" && window.parent && window.parent.postMessage) {window.parent.postMessage({sentinel: "amp", type: "embed-size", height: height}, "*");}if (window.webkit && window.webkit.messageHandlers && window.webkit.messageHandlers.resize) {window.webkit.messageHandlers.resize.postMessage(height); resized = true;}return resized;}twttr.events.bind('rendered', function (event) {notifyResize();}); twttr.events.bind('resize', function (event) {notifyResize();});if (parent && parent._resizeIframe) {var maxWidth = parseInt(window.frameElement.getAttribute("width")); if ( 500 < maxWidth) {window.frameElement.setAttribute("width", "500");}}NavCoin Privacy ImprovementsThe community’s discussions on privacy protocols concluded that the technical decision of implementation should ultimately be made by the NavCoin development community as long as the chosen solution adheres to two simple rules; the supply must be always audit-able and staking must not be done with private coins.With these two objectives and maximum privacy in mind NavCoin Developer aguycalled has started work on the first part of NavCoin’s new private transaction protocol and has opened a pull request which introduces Dandelion support to NavCoin Core.Dandelion is a transaction routing method that provides formal anonymity as described in the Bitcoin Improvement Proposal 0156. Essentially the protocol makes it impossible to figure out the IP address that originated a transaction on the network which was previously possible by coordinated deanonymisation attacks.The deanonymisation attack prevented by Dandelion routing is present in the current Bitcoin protocol and all its descendants who rely on the diffusion method instead. While the full scope of NavCoin’s new private transactions hasn’t been fully investigated, Dandelion is not part of the consensus mechanism, it operates on the peer to peer network layer and is something which is useful no matter which direction the protocol takes.Once 4.7.0 is released the rest of the NavCoin Development community can work with aguycalled to get the implementation tested and deployed.Community Trello BoardsDuring the last NavCoin Roundtable the community expressed interest in reviving the Trello boards which we used to use to help coordinate and manage tasks throughout the community. Some effort has been made to setup new public Kanban boards for Development, Marketing & Social Media.Each board has been seeded with instructions on how the board works and what each column is used for. The current social posts roster and any cards which were still relevant from the old boards have been migrated to the new new locations.Since NavCoin is a decentralised project it is important for the community to have the right tools in place to help coordinate effort and identify areas where people can get involved.If you’re interested to suggest posts for the NavCoin social media managers to publish, propose and discuss marketing initiatives or collaborate on development projects then please reach out to any of the moderators on discord who can help get you added to the boards to get involved.https://trello.com/navcoinNavCoin Website ImprovementsThe NavCoin Websites Bounty Program continues to make steady improvements to the NavCoin websites covered by the program.Over the last month Roast and Magpie have been working to fix up the Italian translation of NavCoin.org which is now fully translated and deployed.The “Project Overview” PDF that was requested at the last roundtable has been updated with the latest information and added to the Why NavCoin page across the site. You can check out the PDF here;https://medium.com/media/384c7074e5fc8e1b3c7e365b98af7906/hrefMagnum Wallet has been added across all the translations to the wallets page.The NavCoin “Roadmap” has been renamed to “Project Activity” to more accurately communicate that it is simply the ideas and current projects of people who make up the decentralised NavCoin development community.The Project Activity page is also now a dynamic React component similar to the News on NavHub and is being managed directly from the NavCoin Core GitHub project. With the addition of the Community Trello boards, one idea is to also include those cards on a section of the project activity page to display in more depth what is happening in the community outside of core development.All in all it’s been a productive month for the web developers working on the site and claiming bounties. If you want to get involved in maintaining the sites just jump on GitHub or Discord and have a chat with us.NavCoin Core 4.7.0 RC UpdateThe Release Candidate for NavCoin Core 4.7.0 is still being worked on as patches have been developed by issues found in testing. Currently there are two open PR’s which need to be reviewed and merged before another release candidate will be published.The remaining fixes are close to being approved and we should expect to see another release candidate available for testing before the end of this week. Once the release candidate has circulated sufficiently and proven to be stable version 4.7.0 will be published publicly.To be part of our beta testing program please join the NavCoin Core development community on Discord and GitHub.Community Fund UpdateThere is currently 54,778 NAV available in the community fund with 3 pending proposals and 3 pending payment requests actively being voted on.There are 3 new proposals being voted on since the last update.Video Tutorial Series (25,000 NAV)NavCoin Content Creator Colvano (ex NavTechServers) has put forward a proposal to fund a new video tutorial series (11 videos) about NavCoin to be published to YouTube and the Knowledge Base.View the proposal on NavExplorer »NavCoin Brand Coloured Spray Paint (800 NAV)A NavCoin Community Member wants to purchase NavCoin brand coloured spray paint and tag the NavCoin logo in public bathrooms throughout Oslo.View the proposal on NavExplorer »Brazilian Youtuber Sponsorship (3,220 NAV)NavCoin Portuguese Ambassador Giovany Rega wants to sponsor Brazilian Youtubers to create videos about NavCoin for the Brazilian crypto community.View the proposal on NavExplorer »+ More on NavExplorerTo check out the full list of pending proposals and payment requests, visit the community fund page of the block explorer.https://www.navexplorer.com/community-fundAnd remember, anyone can submit a funding proposal which gets voted on by the network. To learn more about how the community fund works and kickstart your next crypto project, head on over to the NavCoin Community Fund page.https://navcoin.org/en/community-fundThat’s all for this month. Don’t forget that you can receive the monthly news by email. If you would like to be added to the mailing list, please sign up here.And if you want your project included in the community news, jump on the NavCoin Discord and post it to the #monthly-update channel.— — —Join the conversationNavCoin Discord |NavCoin Reddit |NavCoin Twitter |NavCoin Facebook|NavCoin Telegram | NavCoin Bitcoin TalkResourcesNavCoin Knowledge Base | NavCoin YouTube | NavCoin Core GitHubLearn more about NavCoinNavCoin Community Fund | NavCoin Governance |NavCoin Core Roadmap| NavCoin Community Hub | NavCoin Community ProjectsNavCoin News — August 2019 was originally published in NavCoin Collective on Medium, where people are continuing the conversation by highlighting and responding to this story.

NAV

19. 08. 21

NavCoin Community Roundtabl...

Continued engagement from the NavCoin community proves to be the recipe for success as talking points and ideas flow thick and fast from new arrivals and old timers.Staking and Voting on ExchangesSince NavCoin is a proof of stake network, the number of coins owned by a staking address is equal to the proportion of votes that address gets towards key network decisions like the ledger consensus, soft fork activations as well as the DAO functions like Community Fund proposals and payment requests. Until now that has meant the main network participants are the end users of the coins themselves, but recently some of the major exchanges have started to provide staking on behalf of the users with deposited coins in their system.There is some concern in the community that since the exchanges have access to a reasonably large proportion of coins, if the exchanges decided to turn on staking it could make soft forks and DAO votes harder to pass.While staking on exchanges could bring a new wave of users to the exchanges and introduce them to NavCoin, the impact of centralisation needs to be discussed and mitigated. One solution that was discussed was to create a tiered staking system where coins that are locked into a staking ‘term’ would receive the full reward and have full voting weight while unlocked coins would have a reduced rewards and voting powers. Since economic nodes wouldn’t be able to lock in the coins to a term it would reduce their weight on the network lessening the impact of their staking and incentivising users to withdraw and stake independently.Some other options were discussed such as building an exchange integration for NavPool so users with coins on the exchange could manage their votes via the NavPool platform. Or potentially partnering with one of the smaller exchanges to integrate voting directly into their platform.Ultimately the approach needs to be further discussed and designed but there are some good ideas there already which could easily help to mitigate the issues caused by centralised exchange staking.Marketing Videos and YouTube AdsAs a community driven coin the technical development of NavCoin has always been innovative and strong, while promotion of the project has always taken the back seat. With the NavCoin DAO able to sponsor marketing activities we’ve seen various projects be funded and produced from review videos to banner campaigns. Some community members expressed interest in using their skills to create short promotional clips about NavCoin that can be featured on the website and social channels as well as potentially as paid adverts on YouTube and Twitter. The idea was warmly welcomed and after some more planning to define what the videos will be about and what paid advertising will take place, we should see a community fund proposal appear to sponsor the work.Community Trello BoardWith the community being active and wanting to collaborate more the need for a better way of organising and volunteering for tasks has been asked for. Previously there has been a community Trello board setup but it has gone disused for some time. The community sentiment was that this is still a good way to organise the community so some effort is going to be made to clear out the old trello board and start using it again.The board itself is public to view, but if you would like to participate and comment on tasks or volunteer your time to have tasks assigned to you then you will need to register for Trello and ask one of the board admins to add you as a collaborator.Potential Europe Meetup / ConferenceThe community is interested to put on a NavCoin Meetup in Europe in the coming months. The idea has not been expanded on yet but the idea would be to put on some mid size event, probably half way between a casual meetup and a conference. The community is looking to connect with blockchain interest groups in Amsterdam, Berlin or other central European cities which would be interested to have some speakers present on blockchain related topics. The talks could span from an introduction to Bitcoin & Blockchain, DAO’s, Private Transactions, How to keep your Crypto Secure and of course the latest NavCoin developments and a few NavCoin community members are interested to share their expertise and experience.Privacy Protocol Debate ContinuedThere has been more discussion around what privacy protocol to implement as some advancements have been made in the field of zkSNARKS recently which made the community wonder if ValueShuffle+ was still the right choice to go with.In the end of the debate it was concluded that we could go around in circles for a long time trying to decide on what technology to use as private transaction protocols are constantly evolving. The community agreed that rather than having non-technical people debate the technical advantages of one technology versus another ad infinitum they would be happy to set the requirements and let the developers and cryptography experts recommend a course of action that meets those requirements. The most important requirements being that whatever privacy protocol is developed, it should offer the highest level of privacy while still being publicly auditable with no private staking. The reasons being that auditabiltiy provides detection of any potential hyperinflation caused by bugs in the cryptography and non-private staking means that the NavCoin proof of stake chain remains secure from 51% attack even if any potential bug in the cryptography was found.With those requirements accepted as valid it is now up to the NavCoin development community and any other interested parties to design and present the best solution which meets those requirements.Community Fund ReserveSome community members have been brain storming ways to hedge the value of the NavCoin community fund against potential price volatility in the crypto markets. As we’ve seen the market price of cryptocurrencies can vary wildly in a short space of time, at the 2018 peak the community fund would have been worth $2.5M USD per year and now its worth a fraction of that annually.One proposal is to form a committee of community members to manage a small proportion of the community fund and realise the assigned funds into USDC and/or BTC during the height of the next long term up trend. The actions of this committee would be governed by the NavCoin DAO and each committee member would be part of a multi signature wallet which controls the funds.There is still some way to go to figure this idea out fully, but it sounds like a reasonable way to hedge some of the network’s assets against price fluctuations and retain enough value within the fund to ensure a high level of development and marketing continues through market down turns.The Next Community RoundtableNavCoin’s monthly Community Roundtable takes place on the first Monday of every month at 8pm GMT. The next one is scheduled for Monday 2 September.https://navhub.org/eventsThe Roundtable event is open to anyone to read or contribute to the conversation. If you would like to be part of the future of NavCoin then all you have to do is get involved. And as always a special thanks to salmonskinroll for hosting the roundtables and taking the meeting minutes.Don’t forget that you can receive this article by email. If you would like to be added to the mailing list, please sign up here.Till next month!— proletesseract— — —Join the conversationNavCoin Discord |NavCoin Reddit |NavCoin Twitter |NavCoin Facebook |NavCoin Telegram | NavCoin Bitcoin TalkResourcesNavCoin Knowledge Base | NavCoin YouTube | NavCoin Core GitHubLearn more about NavCoinNavCoin Community Fund | NavCoin Governance |NavCoin Core Roadmap |NavCoin Community Hub | NavCoin Community ProjectsNavCoin Community Roundtable 004 was originally published in NavCoin Collective on Medium, where people are continuing the conversation by highlighting and responding to this story.

NAV

19. 08. 07

NavPay 4.6.1 Released

After noticeable performance issues with the current cloud host for the servers behind the NavPay lite wallet, the system has been migrated to a new host with more cost effective and performant servers.The 4.6.1 release includes some new features which will improve the portability of NavPay wallets between backend providers and automates some of the necessary wallet steps for connecting to a new bitcore-node instance.Although everything a NavPay wallet needs to create private keys as well as create and sign transactions all exists inside the application and is never known by the server, the bitcore-node version we have requires wallets to register as a “copayer” on the server before they can transact. In NavPay 4.6.0 and below the software did not handle the situation of a wallet not being a registered copayer and would require the user to manually re-register, or if they were importing a mnemonic, it simply wouldn’t create the wallet.These issues have been resolved in NavPay 4.6.1 and now the wallet will automatically register as a copayer if the back end can’t find it and also automatically scan for balance on the wallets addresses.This should increase portability between back end providers and remove the requirement to replicate the copayer database across multiple back ends.The second issue addressed is adding multiple backends directly into the wallet rather than putting a load balancer in front of multiple servers. On start up the wallet will now attempt to communicate with the first back end server in the list. If it fails it will try the next one on the list and set whichever one it gets a response from first as the server it will use for the duration of the session.With both of these in place, we are able to add multiple back end servers to provide redundancy and seamlessly switch between them with no disruption to the user experience. With this setup other willing individuals could even set up their own bitcore-node servers and help to maintain the NavPay network.The 4.6.1 update has been pushed to the Google Play store and should be available on your device now or within the next 24 hours.If you use the wallet on desktop, you can grab the new version from the NavPay Project Page on NavHub.Or directly from the GitHub release 4.6.1 Migration Support.And if you’re using the web wallet, just navpay.navcoin.org as usual.To confirm you’re on the latest version, navigate to Settings > About NavPay.Then you should see Version v4.6.1 and Commit hash #6973b74— — —Join the conversationNavCoin Discord |NavCoin Reddit |NavCoin Twitter |NavCoin Facebook|NavCoin Telegram | NavCoin Bitcoin TalkResourcesNavCoin Knowledge Base | NavCoin YouTube | NavCoin Core GitHubLearn more about NavCoinNavCoin Community Fund | NavCoin Governance |NavCoin Core Roadmap| NavCoin Community Hub | NavCoin Community ProjectsNavPay 4.6.1 Released was originally published in NavCoin Collective on Medium, where people are continuing the conversation by highlighting and responding to this story.

NAV

19. 07. 22

NavCoin News — July 2019

NavCoin News — July 2019Welcome to the first of the new monthly community news format. There’s a lot to get through because as always the NavCoin community is an absolute hive of activity.NavCoin Core RC 4.7.0 TestingThe Release Candidate for NavCoin Core 4.7.0 is currently undergoing community testing. This release is the culmination of 40 Pull Requests spanning the last 2 and a half months of code contributions from NavCoin Developers. There have been a long list of technical improvements made including moving the Community Fund data to the CoinsDB and pulling in multiple changes from upstream code bases. These changes touch quite a bit of the core code base and require thorough system tests before they can be launched onto the main net with confidence.So far the NavCoin Community have uncovered and resolved multiple bugs through the release candidate testing program and testing will continue until the version is considered stable and bug free.If you care about your NAV being kept secure and want the wallet to continue working correctly on your computer, then you should get involved in testing the release candidate. It’s everyone’s responsibility to participate and help the developers find bugs before they appear in the wild.Even if you’re not a developer, you can try the new version on your system and report any issues you’re having. And if you are, there’s bounties to be claimed by contributing to NavCoin Core, so get involved!Grab the NavCoin Core RC 4.7.0 and leave your comments on GitHub.NavCoin NEXT Mobile LaunchedSeyhan Akdeniz has added a mobile offering to the NEXT wallet range with the launch of the NEXT Wallet on Android. The NEXT Wallets now include a desktop full node which can support multiple cryptocurrencies, a NavCoin lite wallet and now the Android mobile wallet.The mobile wallet leverages the bitcore libraries published by BitPay to provide the core blockchain functionality, meaning all your private keys are securely generated and stored on your device only. It’s all open source so you can review the code and even compile it yourself if you’re so inclined.The wallet itself features some unique features like price charts and the ability to view community fund proposals and payment requests in the wallet as well as the usual things you would expect from a mobile cryptocurrency wallet.It’s definitely a welcome addition to the NavCoin Wallet family and you can download NavCoin NEXT on Google Play today.If you like the project and want to get involved you can star Next Mobile on GitHub and join the developers on the NavCoin Discord chat rooms.Website Bounty Program OnlineThe NavCoin Websites Bounty Program has been off to a great start with over 23 issues being closed on in the program backlog since it launched only a few weeks ago. So far 1,900 NAV have been claimed and 14 NAV staked by the Bounty Program’s cold staking address.One of the first items to be completed was a new page on NavCoin.org which promotes the current NavCoin Core and NavCoin Websites bounty programs.https://navcoin.org/en/bountiesHere you can read the details of how the bounty programs work, what is covered by the programs and instructions on how to get involved.There’s also been a raft of other changes to the NavCoin Websites including the addition of new exchanges, new merchants and changing how the news is run which will be further discussed throughout this article.To get involved, check out the NavCoin Websites project on GitHub and see if there are any issues which you can help with, or create your own issue and ask for it to be appraised for a bounty.NavHub News Running on MediumAnother change to the websites sponsored by the bounty program has been to power the NavHub news with Medium instead of the GitHub based content management system. This means that adding news to the site is now as easy as writing an article on Medium and submitting it to the NavCoin Collective.The NavCoin Collective is an open publication to which anyone is able to submit an article. Whether you want to share the achievements of your NavCoin project, promote your community fund proposal, educate the public about NavCoin or anything else you think is important to share, you can be a part of the NavCoin Collective.If you want to get something published in the NavCoin Collective talk with the community on the NavCoin Discord chat rooms to get added as a writer.Another reason why this change is important from a technical point of view is that the news is now pulled dynamically into NavHub by an RSS feed and consumed by some stand alone React components that are peppered through the Hugo static site. This approach gives us the transparency of running the important parts of the site statically from GitHub while paving the way for some parts to be dynamic. This same approach is going to be used in some areas of NavCoin.org including wiring the Roadmap to the GitHub project which will help to keep the content on the site more current.“All Eyes on Us” Results PublishedThe Community Fund sponsored marketing campaign “All Eyes on Us” has concluded and NavCoin Contributor beekart has published an article detailing the results to the NavCoin Collective.After diving deep into the Google Analytics of the sites beekart discovered that the CoinGeko campaign was statistically a huge success. The banner campaign run on their site saw 300,000 impressions and achieved a clickthrough rate of 0.11%. This might not sound like a lot but it’s nearly three times the average clickthrough rate reported by industry analysts.Lessons have been learned and insights gained which leave beekart well placed to try and top this effort in his next proposal. You can read his full report by clicking on the link below.The NavCoin Marketing Campaign — The ResultsWikiLeaks Shop Accepting NAVNavCoin has been added as a payment method to the official WikiLeaks merchandise store the WikiLeaks Shop. A short list of 20 select cryptocurrencies including NAV, BTC, LTC and ETH have been added as accepted currencies by the shop.If you want to show your support for WikiLeaks, head on over to the shop and purchase some merch with your favourite crypto today.The WikiLeaks Shop has been added to the growing list of merchants accepting NAV on the NavCoin Merchants page alongside 10 other new additions to the site.This list is not by any means exhaustive and there are many more places you can spend your NAV online and in the real world. If you accept NAV and want to promote your business, make an issue on the NavCoin.org GitHub with some details about your store and it can be added to the list.New Exchange ListingsOver the last month NAV has been added to multiple new exchanges including CoinZark, Zwaply, Crypto Wolf & Bitladon. Through the website bounty program the NavCoin Exchanges page has finally caught up with nine new listings being added to the page recently.Of the new listings Bitladon is of particular interest as they are yet another fiat on/off ramp for NAV to EUR. If you’re in the EU and you want to purchase or sell NAV you should check them out.Another exciting development in the exchange space is that Poloniex — one of the USA’s premier crypto exchanges and long time supporter of NavCoin — has enabled fiat bank deposits for their retail customers in 80+ countries. Currently there are only limited USDC pairs and you will still need to trade through USDC / BTC and then BTC / NAV but it is a major step in the right direction for access to and adoption of cryptocurrencies world wide.Poloniex now provides card and bank account connectivity for crypto tradingStack Of Stake Adds Custodial NAV StakingStaking platform Stack of Stake has recently added NavCoin to its platform giving the ability for its users to stake NAV without needing to run their own node. As of now, the platform does require you to send your NAV into their custody to stake on your behalf. Just like sending your coins to an exchange, there is always trust and risk involved in sending your crypto to third party services and we recommend you do your own research before sending your crypto anywhere.Their team have expressed interest in adding a NavCoin cold staking option to their platform so users can stake remotely while remaining in control of the spending keys.If you don’t want to wait for cold staking on Stack of Stake, you could try the non-custodial platform NavPool which utilises cold staking and also allows you to vote for community fund proposals through the platform.Community Fund UpdateThere is currently 57,228 NAV available in the community fund with 6 pending proposals and 2 pending payment requests actively being voted on.There are 3 new proposals being voted on this week by the network.Airdrop of Taiwan Crypto Forum (550 NAV)Members of Taiwan’s biggest cryptocurrency forum will be airdropped small amounts of NAV for doing various tasks like installing the wallet or signing up for NavPool.https://www.navexplorer.com/community-fund/proposal/9cddd76eb34b609163f873bd7425c55dcfa6c3ffd7e871762ec4f440065d94c2NavCoin DAO Extension (50,050 NAV)NavCoin Developer aguycalled has put forward a proposal to fund the development and implementation of the DAO extensions.https://www.navexplorer.com/community-fund/proposal/9cddd76eb34b609163f873bd7425c55dcfa6c3ffd7e871762ec4f440065d94c2Vulnerability Disclosure (25,200 NAV)Bug bounty hunters art_of_bug have created a proposal to disclose and fix security holes which they claim may effect NavCoin Core.https://www.navexplorer.com/community-fund/proposal/9cddd76eb34b609163f873bd7425c55dcfa6c3ffd7e871762ec4f440065d94c2+ More Existing ProposalsTo check out the full list of pending proposals and payment requests, visit the community fund page of the block explorer.https://www.navexplorer.com/community-fundAnd remember, anyone can submit a funding proposal which gets voted on by the network. To learn more about how the community fund works and kickstart your next crypto project, head on over to the NavCoin Community Fund page.https://navcoin.org/en/community-fundThat’s all for this month. Don’t forget that you can receive the monthly news by email. If you would like to be added to the mailing list, please sign up here.And if you want your project included in the community news, jump on the NavCoin Discord and post it to the #monthly-update channel.— — —Join the conversationNavCoin Discord |NavCoin Reddit |NavCoin Twitter |NavCoin Facebook |NavCoin Telegram | NavCoin Bitcoin TalkResourcesNavCoin Knowledge Base | NavCoin YouTube | NavCoin Core GitHubLearn more about NavCoinNavCoin Community Fund | NavCoin Governance |NavCoin Core Roadmap| NavCoin Community Hub | NavCoin Community ProjectsNavCoin News — July 2019 was originally published in NavCoin Collective on Medium, where people are continuing the conversation by highlighting and responding to this story.

NAV

19. 07. 17

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