Post
Topic
Board Announcements (Altcoins)
Re: ★[ANN] [NAV] NAV COIN - ANONYMOUS TECH. ● ANDROID WALLET LIVE ● NAV 2.1 SOON
by
jimmco
on 12/09/2016, 09:49:52 UTC
Can someone tell me why NAV is better than ShadowProject? Thank you.

Please see this post:

I have invested a pretty substantial amount of Bitcoin into NAV. Seems like it has a great community, and very active devs.... But, I'm starting to wonder if I've made a mistake. What features does NAV have that others don't? There are other anonymous coins. What features will NAV have that others won't? People seem to shy away from inflationary coins. Why go that route? Please help me feel comfortable with my NAV holdings. Again, I love how active the community and Devs are, but I still worry.

I think its a matter of different approaches to anonymous transactions. We use a secondary block chain called a "Subchain" to direct and manage our anonymous transactions as they are encrypted, randomised and routed through the Anonymous Network. This approach is unique to Nav Coin and it has some inherent benefits, the primary one being its resilience. The system runs purely off two block chains, not relying on a database or any extra data storage to mark transactions as "waiting to process" or "processed". This means if our anonymous servers were blocked / deleted / taken down / destroyed or whatever, we could simply start up a new server somewhere else, restore the wallet.dat files and the servers would resume processing transactions without loss and without needing to worry about backing anything else up apart from the wallet.dat files.

Secondly, because we use two block chains, we are able to break the transaction chain between sender and receiver. We have a pool of NAV waiting to be sent on the outgoing server, which can be sent as soon as the outgoing server receives the instruction from the subchain. It doesnt have to wait for the real NAV to arrive because of the nature of how block chains work and the way the server is coded, we can trust the amounts recorded to the subchain as correct and send the amount of NAV from the pool before the sent NAV arrive. This means the NAV recieved are not able to be traced back to the NAV which were sent no matter how hard you look at the NAV block chain.

Third, we are coming fast to the point where we can decentralise the anonymous network and allow other users to setup their own processing servers. When this happens, users will be able to earn NAV for processing transactions and we will become the first fully decentralised, double encrypted, anonymous system running purely off block chain tech! Wow, what a mouthful!

So that's the technology, lets talk about features.

We are working towards being the first anonymous crypto which can send anon transactions from the mobile wallet. That will be massive. As well as anonymous merchant integrations, the raspberry pi staking unit and a few other things currently on our road map: http://www.navcoin.org/projects

Even if you were just to consider us to have the same features as DASH or XMR, then that still makes us hugely undervalued by at least 10x - 100x

By the way, i think the other anon coins are great and you should definitely look into them. See if they fit your needs and if the technology fits your ideals. Having multiple options in the financial privacy sector of cryptocurrencies is definitely a good thing. If there was just one, then firstly there is no competition to innovate and secondly it becomes a single point of failure. We offer a secure alternative, based on different technology served in a way which we believe is the best approach. We are part of the array of tools you can use to protect your financial privacy on the internet and we support the efforts of all the other anon coins.

That's my 2c anyway Smiley
Thank you, it's definitely interesting and project has quite a drive although I'll have to read it again, first point doesn't make much sense to me as I think in any blockchain you can just easily add/replace nodes. Second point is probably clear to me - mixing with two blockchains will confuse tracking even more, that makes sense. And third point I don't get it. It's quite common that you can add your own servers (nodes) into network, so what's so special here? Maybe it's reffering something like Dash Master Nodes.

One more specific thing when I was trying NAV - http://www.navcoin.org/downloads offers you Linux Wallet Download but redirect you only to source code. That's not nice. People mostly don't wish to build anything they want just try. Especially when often there are building issues when you don't have reference OS. Would be nice to provide builds.