Navcoin Releases “NavTech” A Fully Decentralized Network Along With New “Subchain As A Service”

Navcoin Releases “NavTech” A Fully Decentralized Network Along With New “Subchain As A Service”

Navcoin a decentralized digital currency offering anonymous capabilities has just released what developers are calling “NavTech: a completely decentralized anonymous network value transfer system including a feature that will become known as “Subchain as a Service”…

First of all what is Navcoin and why should you care? Navcoin is a seasoned digital currency which is based on Satoshi Nakamoto’s open source Bitcoin Core, inspired by Navajo code talkers that helped the US and it’s allies when recruited during World War II by the Marines to serve in their standard comm units in the Pacific Theater. Although most codes during WWII were broken; the Navajo Code Talkers literally baffled the enemy by talking in a seemingly unbreakable code. The Navcoin system is peer-to-peer; users can transact directly without needing a centralized authority to verify transactions. With Navcoin, you are able to send a form of digital money to anyone, anywhere in the world within 30 seconds and all for only 0.001 NAV Coins per transaction.

Navcoin also has the ability to process instant transactions at a rate of up to 13,000 per-second, with blocks scalable to 20MB and Navcoin at present fills a niche that Bitcoin as of current can not offer almost instant transactions and the capability to activate anonymity with a simple click of a tick box. …

Navcoin developers have now also released NavTech which uses a dual-blockchain powered, anonymizing, value transfer system to break the link between sender and receiver… after testing is completed and the new system is running in a truly anonymous, decentralized manner, the network source-code will be released. Developers have given an estimated time frame on the release of the open source code of around 5 weeks…

One of the key components of the NavTech anonymous system is the use of a dual-blockchain or ‘Subchain’. In simple terms, Navcoins are sent to the Subchain rather than straight to a recipient, Think of this like exchanging currencies, handing coins of one currency over to a teller and then receiving completely new random Navcoins from a large pool…

It is through this process that the link between the sender and receiver of Navcoin is broken. If you want to understand how Navtech processes anonymous transactions here are the most important highlights to help comprehend what how this technology works or you can visit the white paper for more information:

http://www.navcoin.org/files/navtech-whitepaper-beta-v0.9.pdf

http://www.navcoin.org/files/navtech-decentralisation-whitepaper-beta-v0.9.pdf

Instead of sending NAV directly to the receiver, the wallet encrypts the receiver’s address and sends the transaction to one of the addresses provided by the randomly selected processing server. When this server receives this transaction, it creates a transaction of arbitrary size on the Subchain which it sends to a randomly selected outgoing server.

This Subchain transaction has the receiver’s address and the amount of NAV to send encrypted and attached to it. When the outgoing server receives the Subchain transaction, it decrypts the data, randomizes the transaction amounts and sends the NAV to their intended recipient from a preloaded pool of NAV that is waiting on the outgoing server.

After the outgoing server has sent out the randomized NAV to the intended recipient, the incoming server will join together any NAV which has been processed and on the next transaction cycle send it to the outgoing server to replenish the preloaded pool of NAV for future transactions.’

Navtech also uses RSA encryption which is extremely secure and is a favored method for making sure data is secure. The Nav Coin team offers multiple incoming and outgoing servers which are picked at random to make the trail even harder to follow. Once the system is decentralized, other people will be able to set up their own processing groups to increase choice and higher levels of redundancy. This is to prevent an outsider watching the blockchain, drawing circumstantial evidence by matching sent and received amounts.

There are a few interesting things to note here… One being that Navtech servers contributing to the anonymous system will gain a small payment from each transaction fee. This could add up to significant volumes if a large amount of transactions are processed. Secondly, that Navtech can be adapted to be used by other digital currencies.

NavTech is a new world class un-crackable anonymous system, the anonymous sending feature will be compatible with decentralization, meaning there is no central server or single point of failure.

It will be the first cryptocurrency in the world to create a decentralized fully anonymous sending system running purely on a blockchain infrastructure. Also, other developers have the opportunity for peer review from a technology point of view, it is exciting. From an investment point of view it hints at an increase in value.

Some of the new features that the NavTech Value Transfer System will offer are as follows:

Subchain as a Service (Pending Release)
Official NAV Web Wallet
Android Anon Send and Staking Wallet
Raspberry-Pi Staking Unit
Decentralization Implementation
Official NavStore
Anonymous Merchant Gateway
Ambassador Program

There are many digital currencies that have come and gone over the last three years however Navcoin has stayed the course and on top of that has done some amazing things. Developers at Navcoin are on it and for those readers who believe that privacy is a must when it comes to your money, there are few choices and Navcoin will definitely be one of the better options…

Navcoin has been under the scrutiny of many top developers and none have been able to discount it, The Navcoin Team from the beginning, offering a community raised bounty to anyone who can successfully trace a transaction routed through the Navcoin anonymous network, the bounty has never been collected and the network has never been cracked… http://www.navcoin.org/bounty

No matter where you stand on anonymous digital currencies like Monero, DASHPay, ZCash etc., Navcoin is taking a very unique and well thought out approach, unlike some of the others Navcoin has never been pre-mined, supporters have never dumped Navcoin on the markets and the Richlist has never changed…

Some have resisted Navcoin due to just four previous iterations however there are multiple iterations of just about every other successful coin that has risen to the top of the markets… Irritation maybe, some may even have experienced loss in the markets due to bad timing but this is not the end of the story for Navcoin…

Navcoin has something to offer everyone for users it is the ability to transact anonymously when you choose, for traders and investors that have had an eye on Navcoin but have not pulled the trigger yet, now is the time, Navcoin is listed on Poloniex, Bittrex, BitSquare, Cryptopia and Alcurex, for the tech savvy you can set up your own server on the Navtech network, and start earning, If you are a merchant there is an anonymous option for you with Navcoin merchant tools hosted by CoinPayments, if you are more on the marketing and promo side you can now become a Navcoin Ambassadoor, it is easy to write your own ticket with Navcoin, it is simple, user friendly and best of all it gives back the power to the people to transact in complete privacy if they so choose to do.

Navcoin is also looking for more people to try and break the code, network, wallets, and anything else you can think of.
Rewards are granted for bug-hunters, cryptographers, network specialists, professional security researchers, or just some wise guy with skills, so feel free to collect the bounties…

To wrap this up I believe that Navcoin and the new integration of “NavTech Value Transfer System” and the up coming “Subchain as a Service” release is fantastic, developers have hit this one out of the park as far as I am concerned, I could be wrong but I have seen everything since I have been in this game and I have been around since the release of both Litecoin and Dogecoin. I see the bigger picture and depending on how the marketing Navcoin goes will make all of the difference, so if you see what I see and you want to get involved in some way do not hesitate, visit the Navcoin website today and go to the slack page, find your niche, participate and be rewarded.

Until the next article this is BitRebel signing off, have a great day!!