NAV

NavcoinNAV

Rank #569
Coin
On 7,395 watchlists

Navcoin Price (NAV)

$0.6897
7.49%

0.00001247 BTC5.97%

0.0003006 ETH1.85%

Low:$0.617
High:$0.729
24h
NAV  Navcoin NAVPrice: $0.6897 7.49%
Market Cap
$49,303,234
7.51%
Fully Diluted Market Cap
$49,303,234
7.49%
Volume
24h
$2,010,773
1932.43%
Volume / Market Cap
0.04078
Circulating Supply
71,485,462 NAV
Max Supply
--
Total Supply
71,485,462

Navcoin Chart

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NAV Price Live Data

The live Navcoin price today is $0.689696 USD with a 24-hour trading volume of $2,010,773 USD. Navcoin is up 7.49% in the last 24 hours. The current CoinMarketCap ranking is #569, with a live market cap of $49,303,234 USD. It has a circulating supply of 71,485,462 NAV coins and the max. supply is not available.

The top exchanges for trading in Navcoin are currently Binance, HitBTC, Bittrex, BITEXLIVE, and CoinDCX. You can find others listed on our crypto exchanges page.

What is Navcoin?

Navcoin (NAV) 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, it’s possible to store and transact coins both publicly (NAV) and privately (xNAV). When making a private transaction, it will not be possible to link the 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 69M 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.

What is the difference between NAV and xNAV?

NAV and xNAV each represent a currency on Navcoin’s network. NAV is the public coin used for transparent payments, staking and governance, and xNAV (based on blsCT) is the private coin used to hide payment details from external observers, unless they are authorized to see the transaction history through a shared view key. NAV can be purchased or traded on exchanges, and then swapped to xNAV at a 1 to 1 rate.

How is Navcoin’s privacy-enhanced features achieved?

Navcoin enables private transactions via xNAV built on top of their self-developed privacy protocol blsCT that 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. CT is a well-established privacy protocol used to obfuscate the amount of coins in a transaction. In addition to blsCT, xNAV further ensures personal privacy by using Stealth Addresses, public-key cryptography and the innovative Dandelion++ protocol. Stealth Addresses are private addresses which ensure complete privacy for the receiver of a transaction. Dandelion++ is a communication mixing protocol which breaks the link between a message and its source.

When using blsCT, two xNAV 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 Navcoin’s 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 and communicate between them using public key cryptography to broadcast the session and their coins to mix. From those, 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.

How is Navcoin’s network secured?

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 a 5v Raspberry Pi can successfully take part in staking on the network.

How is Navcoin’s network governed?

In addition to helping to secure the network, Navcoin’s PoS consensus mechanism enables all public NAV holders to get involved with governing their 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 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. Navcoin’s governance system also incorporates a decentralized treasury to ensure that contributors and projects can be compensated and funded by the network.

New to cryptocurrencies? See CMC’s Crypto Basics

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

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

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

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NAV

Navcoin

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USD

United States Dollar

NAV Price Statistics

Navcoin Price Today
Navcoin Price$0.6897
Price Change24h$0.04808
7.49%
24h Low / 24h High
$0.617 /
$0.729
Trading Volume24h$2,010,772.69
1932.43%
Volume / Market Cap0.04078
Market Dominance0.00%
Market Rank#569
Navcoin Market Cap
Market Cap$49,303,234.24
7.51%
Fully Diluted Market Cap$49,303,234.24
7.49%
Navcoin Price Yesterday
Yesterday's Low / High
$0.617 /
$0.729
Yesterday's Open / Close
$0.6716 /
$0.7016
Yesterday's Change

4.48%

Yesterday's Volume$2,041,321.47
Navcoin Price History
7d Low / 7d High
$0.6123 /
$0.8163
30d Low / 30d High
$0.5719 /
$0.9536
90d Low / 90d High
$0.1734 /
$1.26
52 Week Low / 52 Week High
$0.07358 /
$1.26
All Time High
Jan 07, 2018 (3 years ago)
$5.53
87.53%
All Time Low
Oct 31, 2014 (6 years ago)
$0.0005107
134941.21%
Navcoin ROI

16212.89%

Navcoin Supply
Circulating Supply71,485,462 NAV
Total Supply71,485,462 NAV
Max SupplyNo Data