Navcoin is an open-sourced digital currency that offers fast and reliable payments with innovative technological and privacy features. It allows for public or private transactions, rewards through staking or coin mixing, and participation in project proposals. Navcoin also introduces xNAV, a privacy coin, and wNAV, a wrapped representation of NAV for use in other ecosystems.

Navcoin was launched without pre-mining or an ICO to ensure a fair distribution. It operates as a fully Decentralized Autonomous Organization (DAO) with community participation through staking NAV.

Navcoin achieves privacy through the use of the blsCT privacy protocol, which combines BLS Signatures and Confidential Transactions. It also utilizes Stealth Addresses, public-key cryptography, and the Dandelion++ protocol. Transactions can be merged and aggregated multiple times, providing scalability and untraceable transactions.

Navcoin's network is secured through a Proof of Stake (PoS) consensus mechanism. Users can stake NAV to validate transactions and earn rewards. The block reward is distributed between the staker and a decentralized treasury called the Community Fund. Users can also earn rewards by facilitating the mixing process of xNAV coins.

Navcoin operates as a Decentralized Autonomous Organization (DAO) with a PoS consensus mechanism. Community members participate in protocol governance and decision making through staking NAV, where each stake represents one vote. There is no central authority controlling Navcoin, and a Community Fund ensures compensation and funding for contributors and projects.

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Learn more about other privacy coins such as Monero, Zcash, Firo, and Grin

Find out more about Navcoin by reading their blog or watching their video series

• What is Navcoin?
• Introducing xNAV
• Comparing xNAV and other privacy coins
• What is wNAV?

Want to look up a transaction? Visit Navcoin's block explorer

Navcoin is an open-source digital currency that was launched in 2014. It offers fast and reliable payments along with innovative technological and privacy features. Storing coins on a Navcoin wallet allows for both public and private transactions, as well as earning rewards through staking or mixing coins. Additionally, Navcoin introduces xNAV, a privacy coin that guarantees untraceable transactions, and wNAV, a wrapped representation of NAV that can be used in other ecosystems such as Ethereum and Binance Smart Chain (BSC).

Navcoin was launched with a fair and transparent initial distribution of the supply, without pre-mining or an ICO. It operates as a fully Decentralized Autonomous Organization (DAO), where anyone can participate by staking NAV in their wallet and have a say in protocol governance and voting on community proposals.

Navcoin achieves privacy-enhanced features through its philosophy of providing privacy preserving solutions for financial expression and transactions. It utilizes xNAV, a privacy coin built on the decentralized, trustless, and permissionless technologies of the future.

xNAV is built on the self-developed privacy protocol blsCT, which combines Boneh-Lynn-Shacham (BLS) Signatures and Confidential Transactions (CT). BLS compresses multiple signatures into a single compact signature, shielding the origin of individual transactions. CT obfuscates the amount of coins in a transaction.

To ensure personal privacy, xNAV utilizes Stealth Addresses, public-key cryptography, and the innovative Dandelion++ protocol. Stealth Addresses provide complete privacy for transaction receivers, while Dandelion++ breaks the link between a message and its source.

By using blsCT, xNAV transactions can be merged and aggregated, allowing for scalability and supporting a high quantity of shielded and untraceable transactions. Users can merge their coins with others using Dandelion++ to send anonymous requests for coins, which are then mixed together and sent to the network. This system ensures true privacy while also providing incentives for liquidity providers to generate a passive income.

Navcoin's network is secured through a Proof of Stake (PoS) consensus mechanism. Unlike Bitcoin's energy-intensive Proof of Work (PoW), Navcoin's PoS allows anyone to use their NAV to validate transaction blocks. Even a 5 Volt Raspberry Pi can participate in securing the network.

Users can earn passive income by staking NAV to validate transactions. With 30-second block times, the block reward is 2.5 NAV, of which 2 NAV go to the staker and 0.5 NAV are held in a decentralized treasury called the Community Fund for self-funded community initiatives.

Additionally, users can merge their xNAV coins over various nodes to facilitate the mixing process and ensure privacy and anonymity. They are rewarded with a fair compensation fee for providing this service.

Navcoin's network is governed through its PoS consensus mechanism, which allows all public NAV holders to participate in governing the 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.

Navcoin operates as a Decentralized Autonomous Organization (DAO), with protocol administration and consensus changes subject to an open voting system. Each community member's stake is equivalent to one vote, giving wallet holders a say in protocol governance and the ability to vote on proposals. There is no minimum staking amount required to participate in voting.

The governance system also includes a Community Fund to compensate and fund contributors and projects within the network.