NavCoin is a cryptocurrency, that has been based off Bitcoin. So while it offers all the benefits of Bitcoin, it also has a few other added benefits such as faster transactions, the ability to earn 5% on your NAV, and optional private payments. A key difference is that we use the Proof of Stake algorithm to secure the network (Bitcoin & most others use Proof of Work). The benefit of using Proof of Stake is that it’s much more lightweight and you don’t need huge servers to mine NAV. All you need to do is install the wallet, turn on ‘staking’ mode, and you’ll earn 5% on the amount in your wallet.
Nav Coin’s Navtech system provides users with a simple way to protect their financial privacy. It is easy to use, and transactions arrive at their destination within minutes of being sent. Just tick the box and send the coins, Navtech handles the rest. Behind the simplicity, Navtech is powered by cutting edge technology that processes and anonymises transactions using a secondary blockchain known as the Subchain. Fast confirmation times and borderless transactions make Nav Coin the ideal vehicle for modern international private value transfers.