NAVCOIN (NAV): Simplifying Cryptocurrency One Transaction At A Time
NAVCOIN QUICK STATS
|CREATION DATE:||June, 2014|
|DEVELOPMENT STAGE:||Full Release|
|BLOCK TARGET:||30 seconds|
NavCoin is built with one key principle in mind – usability. As a decentralized cryptocurrency that uses peer-to-peer technology to operate with no central authority or banks; NavCoin makes cryptocurrency transactions quick and easy. This theory is very much in line with ours, and CoinPayments is proud to support NavCoin payment processing through our easy to use plugins and APIs for all the major ecommerce platforms!
NavCoin is open-source; which means its design is public and that nobody owns or controls NavCoin and everyone can take part in its development. NavCoin offers all the benefits of Bitcoin, plus a few other added benefits such as faster transactions and low electricity usage.
A key difference between NavCoin and Bitcoin is that it uses Proof of Stake, which is much more lightweight and doesn’t require any specialized mining equipment with high power consumption.
How it Works?
NavCoin is an open-source, community initiative that ran no pre-mine or initial coin offering. NavCoin Contributors do their best to find funding and build projects independently. The community fund offers a decentralized way to fund NavCoin projects and further encourage the decentralization of the development of NavCoin.
The NavCoin wallet has been carefully refined to be intuitive and easy to use. It comes with a setup wizard and everything you need to load the blockchain and start sending transactions in a secure environment. With the NavCoin wallet, making a private payment is simple and the coins arrive at their destination in minutes. Just tick the box and send the coins, NavCoin handles the rest. Don’t want to download and run a desktop wallet? No problem because CoinPayments offers hosted wallets for all the coins we support, which provide all the necessary store, send and receive functionality.
Why Choose NavCoin?
The biggest problem that NavCoin is trying to address in current blockchain technologies is that they are far from user-friendly. NavCoin believes, and is in the process of confirming, that for blockchains to take off into the mainstream, it has to be so easy that the average person wouldn’t need to know anything to use it.
Below are just some of the features that make NavCoin different:
- Fast Transactions: With NavCoin, there’s no need to wait 10 minutes for payments to be sent. You quickly send NAV anywhere on the planet instantly and have it confirmed within 30 seconds.
- Energy Efficient: NavCoin uses Proof of Stake which only consumes a fraction of the energy used to mine using Proof of Work. This method is truly revolutionary and will likely eventually catch on throughout the entire industry.
- Security and Ease of Use: There are a variety of NavCoin wallets which help you keep your private keys secure on most operating systems. The NavCoin Core wallet has been refined to be intuitive and easy to use. It comes with a setup wizard and everything you need to load the blockchain and start sending transactions in a secure environment.
Help support Navcoin now and start accepting NAV payments in your store!