What is NavCoin?
The NavCoin is a decentralized cryptocurrency that is based on Bitcoin. It is one of the "older" crypto coins which development started back in 2014 and gathered huge community along the way. Unlike Satoshi's creation, NavCoin uses the PoS algorithm instead of PoW, making it faster and more energy efficient. As the developers of NavCoin say, this helps NAV to become a truly usable cryptocurrency. The PoS in NavCoin is separated in three different tiers: NavPay (a light client, mobile device friendly), NavCore (full staking node, the full blockchain, easiest staking method) and NavPi (an energy efficient full node based on Raspberry Pi device). NAV also offers anonymous transactions. Unlike other privacy coins, it does not use zk-SNARKS or CryptoNote/RingCT, but relies on utilization on a separate, parallel blockchain. This additional blockchain is dubbed NavTech and it uses RSA (asymmetric cryptographic algorithm) in order to de-couple addresses when hiding transactions.
|Market Name||Traded On||Average Price||24h Volume|
|NAV/BTC||Binance, upBit, Poloniex, Cryptopia||0.00003719 BTC||$96,941|
Fundamental Cryptocurrency Data
|Circulating supply||63,734,703 NAV|
|Trading volume of all markets for this coin||$96,939|
|NavCoin NAV Prices||
0.00 XAU (= 0.00) grams GOLD
0.01 XAG (= 0.28) grams SILVER
|Marketcap|| 2,363 BTC|
185.16 kg gold
15,857.44 kg silver