NAV coin is one of the alternative cryptocurrencies which flies under most people’s radar, albeit it might be a good idea to start paying attention very soon. The currency claims the title of being the world’s first anonymous cryptocurrency, and there will be a coin swap to bring more features to NAV coin. So far, the markets seem to be responding with a price surge.
Anonymity is not something users natively find in cryptocurrency. Take a look at Bitcoin, for example, which offers pseudonymity traits but is far from anonymous.
NAV coin is something entirely different, as the developers are focusing solely on making this cryptocurrency anonymous. Moreover, they bring additional features to this project to the table with every updated.The NAV Development Team told us the following:
“The goal of the NAV coin swap is to improve the performance of NAV for it’s investors and give us the code base to launch NAV into a strong future. Our future will be development heavy; we pride NAV on being a tech strong coin and we like keep on the cutting edge of altcoin technology – after all we are nerds.”
A new NAV wallet will be released, sporting trademark colors and quite some horsepower. Users will now be able to connect to the
Bittrex exchange through their API key, which opens up opportunities to directly trade NAV within the wallet. Plus, the developers enabled encrypted wallet-to-wallet private messaging as well.But there are more improvements coming once the swap has been completed. HD Wallet support is the top priority for the NAV developers, as well as introduced a passphrase protected private key through
BIP38. The maximum block size for NAV will be increased to 20MB, and mined blocks will be subject to a maximum block size of 10MB. Moreover, the team is also working on a Raspberry Pi staking unit. Last but not least, they also announced the world’s first anonymous mobile cryptocurrency wallet solution, based on BIP32.The NAV coin swap was announced on April 14, 2016; and the market has responded in a positive manner. The price across exchanges has increased over time, and the team expects further growth over the next few weeks. Bittrex will be the place to be for the NAV coin swap, which takes place on May 31, 2016.
Source: Press Release Via Email
If you liked this article follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.
Best Cryptos to Buy Now as Qubetics Wallet Fuels $7.5M Presale with 372M Tokens Sold…
The buzz surrounding XRP, Solana (SOL), and JetBolt (JBOLT) continues to captivate the crypto community.…
Buyers Pour Millions into BlockDAG as its ‘6th Mystery Chest’ Goes Viral! More on Ethereum…
The Next Big Crypto Projects: Why You Should Add Web3Bay, Solana, & Tron to Your…
Imagine securing a stake in the next big cryptocurrency before it skyrockets. A chance investors…
Ripple (XRP) has certainly been around the crypto market long enough for anyone to have…