Review on NavCoin by Fanuel PORPORTY
NAV COIN - A digital currency...
Nav Coin (NAV) is a decentralized cryptocurrency based on Bitcoin Core. It offers completely anonymous payments and a transaction time of 30 seconds, and is currently available on a number of crypto currency exchanges.
Nav Coin is based on NavTech, which combines the Bitcoin blockchain with its own secondary substring. This means that Nav Coin transactions can be scrambled so that the sending wallet can be completely disconnected from the receiving wallet. As a result, NAV users have the ability to perform completely anonymous transactions via this double blockchain system.
Pros
- Up to 5% interest: As the Nav Coin uses a proof of stake (PoS) algorithm to process transactions and secure its network, coin holders who bring their NAV into play receive up to 5% d interest on this amount.
- Transaction costs: One factor that sets the Nav Coin apart from many other cryptocurrencies is its low transaction cost of 0.0001 NAV.
Cons
- Competition: Another factor that could affect the value of the NAV is competition from other privacy coins. Examples of other cryptocurrencies operating in this sector include Verge, Monero, Dash and Zcoin.
