Categories: CryptoNews

Markets Respond Positively To Upcoming NAV Coin Swap

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.

Keep An Eye On NAV Coin

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

Related Post
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

Images credit 1,2

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.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Qubetics Raises $7.5M with 372M Tokens Sold; Cosmos and Polygon Gain Traction

Best Cryptos to Buy Now as Qubetics Wallet Fuels $7.5M Presale with 372M Tokens Sold…

54 mins ago

Crypto Insiders Are Bullish on XRP, Solana, and JetBolt: Here’s Why

The buzz surrounding XRP, Solana (SOL), and JetBolt (JBOLT) continues to captivate the crypto community.…

5 hours ago

BDAG Bonus Reveals 6th Mystery Chest; Litecoin & Ethereum See Surge

Buyers Pour Millions into BlockDAG as its ‘6th Mystery Chest’ Goes Viral! More on Ethereum…

5 hours ago

Web3Bay, Solana & Tron: Leading the Utility Coin Revolution

The Next Big Crypto Projects: Why You Should Add Web3Bay, Solana, & Tron to Your…

8 hours ago

Last Chance Alert: Join the Best Crypto Presale Now for Top 7 Trending Cryptos

Imagine securing a stake in the next big cryptocurrency before it skyrockets. A chance investors…

9 hours ago

Remittix (RTX) Set To Surpass Ripple (XRP) In 2025 With The Dawn Of PayFi—5000% Rally Expected

Ripple (XRP) has certainly been around the crypto market long enough for anyone to have…

9 hours ago