Kriptoks

Navcoin (NAV) is a digital currency that emphasizes privacy-enhanced features. According to its website, it is a fork of Bitcoin. In today's world, there is an increasing reliance on cashless and online payment options, and the ongoing pandemic has further accelerated this trend. The whitepaper states that the Navcoin blockchain facilitates peer-to-peer transactions with no intervention from intermediaries.

Navcoin's mission is to provide its users with the utmost privacy while transferring funds globally. The project recognizes privacy as a fundamental human right, and it aims to enable users to transact as per their preferences without worrying about their privacy being compromised. To achieve this goal, the project has made the Boneh-Lynn-Shacham Confidential Transaction (blsCT) protocol available to its users. With blsCT, anyone can transact anonymously unless they choose to share the transaction with another person.

Furthermore, Navcoin offers various services to its users. NavExplorer provides real-time data stored on the blocks, enabling users to view transactions, proposals, and other on-chain activities. NavPool is a staking pool that allows users to stake their coins and participate in the network's governance. NavBridge is another service provided by the project that facilitates the swapping of the native cryptocurrency and using them on other blockchains such as Ethereum and Binance Smart Chains. NavAlias enables users to transfer tokens quickly.

Navcoin supports a multi-coin system consisting of two coins, NAV (used for public transactions) and xNAV (used for private transactions). The project operates on a proof-of-stake consensus mechanism, and users can participate in the governance system via a decentralized autonomous organization (DAO). Anyone holding NAV coins can stake them and have their voice heard by voting. wNAV is another currency, which is the wrapped version of the coins used in decentralized applications (DApps).

The project was launched in 2014 by Craig MacGregor, a blockchain engineer who also founded Taxoshi and is currently working on both projects. As an open-source project, other developers from different parts of the world have contributed to Navcoin's development, making it a community-driven project.

In conclusion, Navcoin (NAV) is an open-source cryptocurrency that emphasizes privacy-enhanced features. Its multi-coin system, governance via DAO, and various services make it an attractive option for users seeking privacy and flexibility in their transactions.