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Topic: ★[ANN] [NAV] NAV COIN - Community Fund Live!!! - page 265. (Read 2085654 times)

hero member
Activity: 794
Merit: 510
NavCoin Founder
We're still figuring out the exact details of how the decentralization is going to work. I have started to write the whitepaper which outlines the approach we will take but it is not ready for public consumption yet.

Cheers Wink

Thanks for the reply, I wish I had 5,000,000 NAV to use that way. I realize this is still quite a ways out before anyone can setup their own Anon sever. Best to make sure I have enough now before the price triples again.

So ~10x transaction limit and that limit is part of server config.  The whitepaper stated that the incoming server checks that the outgoing pool has enough NAV before sending the TX.  So if I have a smaller pool I may miss out on the fee for TX 1,000,00 NAV anon but that big of TX will be rare. Especially as NAV price moves up.

For Setting up a Anon server how much NAV is recommended for the pool. Looking at the white paper I can see the incoming server checks to make sure the outgoing sever has enough NAV for the transaction and that tx amount will be restored on the next cycle. So a buffer amount is needed so your sever will not be pruned from the next TX. The more you have in the pool the more TX you can process and collect more fees.

But if i set one up do I need 10K, 100K or more NAV?

devs

im not too technical but would say "heavy investor".
I think Nav will be big soon, and looking in the future, having server make sense and will produce nice profit.
I am interested in set up anon server too.Can you create some kind of manual how to do it?

Currently the transaction limits per Anon Send is 10k NAV. As stated in the whitepaper, this is to limit the need for unnecessarily large pools of NAV on the outgoing server. We currently preload each outgoing server with 100k NAV, so each server could handle up to 10 maximum value anon transactions per 2 minute cycle. These parameters are adjustable and if throughput picks up we can look to increase these limits.

When the time comes for people to setup their own servers, these settings will be adjustable in a config file. So you can specify whatever you like.

If you want to process up to 1,000,000 NAV per transaction cycle and you have 5,000,000 NAV in your outgoing NAV pool, then you are able to do it.

All the relevant details for setting up your own server will be released in the future and will have all relevant instructions. In the current phase, the Nav Anon Servers are the only ones able to process transactions. Decentralisation is the next phase Smiley

Watch this space!
legendary
Activity: 1470
Merit: 1001
Use Coinbase Account almosanywhere with Shift card
Thanks for the reply, I wish I had 5,000,000 NAV to use that way. I realize this is still quite a ways out before anyone can setup their own Anon sever. Best to make sure I have enough now before the price triples again.

So ~10x transaction limit and that limit is part of server config.  The whitepaper stated that the incoming server checks that the outgoing pool has enough NAV before sending the TX.  So if I have a smaller pool I may miss out on the fee for TX 1,000,00 NAV anon but that big of TX will be rare. Especially as NAV price moves up.

For Setting up a Anon server how much NAV is recommended for the pool. Looking at the white paper I can see the incoming server checks to make sure the outgoing sever has enough NAV for the transaction and that tx amount will be restored on the next cycle. So a buffer amount is needed so your sever will not be pruned from the next TX. The more you have in the pool the more TX you can process and collect more fees.

But if i set one up do I need 10K, 100K or more NAV?

devs

im not too technical but would say "heavy investor".
I think Nav will be big soon, and looking in the future, having server make sense and will produce nice profit.
I am interested in set up anon server too.Can you create some kind of manual how to do it?

Currently the transaction limits per Anon Send is 10k NAV. As stated in the whitepaper, this is to limit the need for unnecessarily large pools of NAV on the outgoing server. We currently preload each outgoing server with 100k NAV, so each server could handle up to 10 maximum value anon transactions per 2 minute cycle. These parameters are adjustable and if throughput picks up we can look to increase these limits.

When the time comes for people to setup their own servers, these settings will be adjustable in a config file. So you can specify whatever you like.

If you want to process up to 1,000,000 NAV per transaction cycle and you have 5,000,000 NAV in your outgoing NAV pool, then you are able to do it.

All the relevant details for setting up your own server will be released in the future and will have all relevant instructions. In the current phase, the Nav Anon Servers are the only ones able to process transactions. Decentralisation is the next phase Smiley

Watch this space!
legendary
Activity: 1050
Merit: 1000
So the following statement would be correct.



"NAV COIN 2.0 is or will be running 2 types of Anonymous options. TOR and The Unbeakable Code. "

Correct or incorrect

They fulfil different purposes.

Sending a Navtech Anon Transaction makes the transaction untraceable on the Nav Coin blockchain.

Using Tor hides your IP address from the Nav Coin Network when you're making transactions or syncing the blockchain.

The ultimate would be to Send Navtech Anon Transactions while using Tor, hiding both your IP address and making the blockchain records untraceable. I am yet to test this, but in theory there's no reason why it wouldn't work.

Thanks for the Answer. Looks like there are many possibilities for solid Financial Privacy
hero member
Activity: 794
Merit: 510
NavCoin Founder
For Setting up a Anon server how much NAV is recommended for the pool. Looking at the white paper I can see the incoming server checks to make sure the outgoing sever has enough NAV for the transaction and that tx amount will be restored on the next cycle. So a buffer amount is needed so your sever will not be pruned from the next TX. The more you have in the pool the more TX you can process and collect more fees.

But if i set one up do I need 10K, 100K or more NAV?

devs

im not too technical but would say "heavy investor".
I think Nav will be big soon, and looking in the future, having server make sense and will produce nice profit.
I am interested in set up anon server too.Can you create some kind of manual how to do it?

Currently the transaction limits per Anon Send is 10k NAV. As stated in the whitepaper, this is to limit the need for unnecessarily large pools of NAV on the outgoing server. We currently preload each outgoing server with 100k NAV, so each server could handle up to 10 maximum value anon transactions per 2 minute cycle. These parameters are adjustable and if throughput picks up we can look to increase these limits.

When the time comes for people to setup their own servers, these settings will be adjustable in a config file. So you can specify whatever you like.

If you want to process up to 1,000,000 NAV per transaction cycle and you have 5,000,000 NAV in your outgoing NAV pool, then you are able to do it.

All the relevant details for setting up your own server will be released in the future and will have all relevant instructions. In the current phase, the Nav Anon Servers are the only ones able to process transactions. Decentralisation is the next phase Smiley

Watch this space!
full member
Activity: 475
Merit: 100
For Setting up a Anon server how much NAV is recommended for the pool. Looking at the white paper I can see the incoming server checks to make sure the outgoing sever has enough NAV for the transaction and that tx amount will be restored on the next cycle. So a buffer amount is needed so your sever will not be pruned from the next TX. The more you have in the pool the more TX you can process and collect more fees.

But if i set one up do I need 10K, 100K or more NAV?

devs

im not too technical but would say "heavy investor".
I think Nav will be big soon, and looking in the future, having server make sense and will produce nice profit.
I am interested in set up anon server too.Can you create some kind of manual how to do it?
hero member
Activity: 644
Merit: 501
Expect the unexpected in two days!

It's just my humble opinion.
What is the unexpected and why in 2 days ?
member
Activity: 74
Merit: 10
Expect the unexpected in two days!

It's just my humble opinion.
sr. member
Activity: 269
Merit: 252
It's just an article, has been on several outlets, they just don't know NAV or are pushing the other coins...
If all here just spread the news and word posting a bit here & there on socials we'll get into more places...

NAV Pools will execute tx only if they have the full amount or how will this be handled?

I guess the right amount is having enough to handle all kind of transactions, small and bigger.
 
It's easy to get the idea that people have an average budget so when 1 NAV hits 1 USD parity
there will be mostly only a lesser amount of NAV traded per transaction, with some exceptions.

Also, 200 NAV nodes with NAV pools to pay out transactions could be sized from 1000 to 100k or more...
 
It would be good to read some thoughts ... regarding how the funds are being secured and so forth
legendary
Activity: 1470
Merit: 1001
Use Coinbase Account almosanywhere with Shift card
For Setting up a Anon server how much NAV is recommended for the pool. Looking at the white paper I can see the incoming server checks to make sure the outgoing sever has enough NAV for the transaction and that tx amount will be restored on the next cycle. So a buffer amount is needed so your sever will not be pruned from the next TX. The more you have in the pool the more TX you can process and collect more fees.

But if i set one up do I need 10K, 100K or more NAV?
newbie
Activity: 42
Merit: 0
Cryptocurrencys are classified as an asset and will continue to be. More and more regulation will come in, and every day more and more tradional traders, laymen, and investors are coming from other markets and industry.
Honestly, I don't understand your concerns. Price is going up. This year price went up more than 800 % and the decentralization still has to take place. Then you say that the developers are not putting in effort in branding. What ? That's exactly how I found out about NAV ... due to their branding. I read an article about it in some crypto news site. The recent tripling in price was also caused by an article that was published in several sites.

Are you expecting NAV price to be more expensive than BTC by the end of this week, or what Huh


I have no concerns. Just creating detailed and informed discussion instead of fan boy talk. New investors who visit the thread don't want to see fan boy talk. They want to see constructive discussion about the asset. Not just cheer leaders hoping for the best. There is nothing wrong with questions and constructive talk that gives the developers and  investors a chance to discuss the coin in detail and discuss the bullish oppurtunites that exist with in. That's what future investors want to see when they visit the form.

Any market is largely social engineering and phsycolgical, and providing constructive talk and insight pushes the social engineering trend for the coin instead of against.


I would like to encourage people (myself included) to spread the word about NAV as lots of new investors are still having their head deep in some of the scam coins. Good work is always rewarded and the only problem in crypto nowadays is that people are after quick buck rather than being a part of something that is revolutionary. People are investing in scam coins and most of them are losing as they follow the herd instinct. Ten people telling a lie doesn't make it a truth.....Just my thoughts  Cool
hero member
Activity: 644
Merit: 501

I have no concerns. Just creating detailed and informed discussion instead of fan boy talk. New investors who visit the thread don't want to see fan boy talk. They want to see constructive discussion about the asset. Not just cheer leaders hoping for the best. There is nothing wrong with questions and constructive talk that gives the developers and  investors a chance to discuss the coin in detail and discuss the bullish oppurtunites that exist with in. That's what future investors want to see when they visit the form.

Any market is largely social engineering and phsycolgical, and providing constructive talk and insight pushes the social engineering trend for the coin instead of against.

Constructive talk ... dude, you were whining about the price while the price has gone up more than 800 % this year. Then you were also whining about how the team is not branding the coin, which is nonsense because that's how I found out about it in March. You can't have constructive talks if you start the talks from complete nonsense and bullshit. At this very moment there is NO REASON AT ALL to complain about the team. The price went up A LOT, the are BRANDING the coin, they are replying to ALL your questions, and they released a WHITEPAPER explaining how things work. So it is ONLY UP TO YOU whether to invest in it or not. Maybe some people here are behaving like chearleaders, but you are behaving like a whiner that wants to buy something and expect to wake up a millionaire the next day.

member
Activity: 63
Merit: 10
Cryptocurrencys are classified as an asset and will continue to be. More and more regulation will come in, and every day more and more tradional traders, laymen, and investors are coming from other markets and industry.
Honestly, I don't understand your concerns. Price is going up. This year price went up more than 800 % and the decentralization still has to take place. Then you say that the developers are not putting in effort in branding. What ? That's exactly how I found out about NAV ... due to their branding. I read an article about it in some crypto news site. The recent tripling in price was also caused by an article that was published in several sites.

Are you expecting NAV price to be more expensive than BTC by the end of this week, or what Huh


I have no concerns. Just creating detailed and informed discussion instead of fan boy talk. New investors who visit the thread don't want to see fan boy talk. They want to see constructive discussion about the asset. Not just cheer leaders hoping for the best. There is nothing wrong with questions and constructive talk that gives the developers and  investors a chance to discuss the coin in detail and discuss the bullish oppurtunites that exist with in. That's what future investors want to see when they visit the form.

Any market is largely social engineering and phsycolgical, and providing constructive talk and insight pushes the social engineering trend for the coin instead of against.
legendary
Activity: 1050
Merit: 1000
Poloniex - Bitcoin/Cryptocurrency Exchange
https://m.poloniex.com/#/exchange/btc_nav
hero member
Activity: 794
Merit: 510
NavCoin Founder
Hi Again Everyone,

I would like to let the community know that I have just opened the gates for the first beta testers to try the new anon system. All the error logging is now in place and we are looking good to test under normal conditions.

After we can confirm the system is working as expected for the group, we will begin to test the edge cases of the system. Like, what happens when we have more pending transactions than the outgoing server can fulfil and a transaction queue forms. What happens if there are not enough subchain coins to send from the incoming server.. etc.. etc..

After this, i will look to introduce more servers to the cluster, currently it is operating with just 1 incoming and 1 outgoing server.

Once we have run the tests with multiple servers in the cluster, we will begin to widen the testing group to stress test the system further.

Step by step we will fine tune the system and get it ready for public launch in the very near future!

I will endeavour to keep you all updated with how the tests progress. Naturally there will be somethings that come out of the woodwork, but I would expect them to all be pretty minor fixes at this point.

Cheers,
Craig.
newbie
Activity: 19
Merit: 0
Thanks for your feedback everyone. Hoping the cheat sheet helps Smiley please let me know if there's anything that isn't clear.

best
Sophia lockhart
legendary
Activity: 1050
Merit: 1000
Another one to try Nav Coin Releases World’s First X13 Mobile Wallet - Press Release
http://www.coindesk.com/press-releases/nav-coin-goes-live-pos-online-wallet/
newbie
Activity: 35
Merit: 0
Hi Team,

Some of the feedback we've seen either here, the polo trollbox or further a field is that people are finding the Navtech Whitepaper a bit too technical. I sympathise that it is difficult for the layman and even the seasoned crypto investor to understand, not everyone is a software developer! Sometimes it's even hard for me to wrap my head around and I am the one who has designed and built the system! My head hurts!

Unfortunately this is the nature of whitepapers. It's like a walk through of the code and a full outline of how the solution works from a technical perspective. Have you ever read the bitcoin whitepaper? At least i didn't go that far! It even has calculus equations it it! Shocked

Anyway, Sophia and Mark have been so kind as to write an article which is perhaps a bit more digestible for everyone:

Quote from: Nav Coin

Nav’s new White Paper: The Cheat Sheet

http://cryptocereal.com/wp-content/uploads/2016/09/iStock_86526353_small.jpg


On the 26th of September Nav Coin released a white paper for the re-release of their anonymous network. The 23-page document was written in impressive detail and explained the design, technology, and math, behind the simple tick-box anonymous send system. The groundbreaking design uses double blockchain technology and coin sending methods together to form an advanced anonymous sending system not before seen in the Cryptocurrency world.

Continue to the Atrticle


Thanks to Mark and Sophia for your efforts! I don't know what we'd do without you here to translate my geek speak into real english.

Talk soon,
Craig.
Amazing how you're working with your community

Hard work pays off! Smiley

Good luck!
legendary
Activity: 1050
Merit: 1000
great article.... I like the last summary.  Grin


Please retweet Check out @HaShForce101's Tweet: https://twitter.com/HaShForce101/status/781081857290928128?s=09


sr. member
Activity: 584
Merit: 250

Agree. People expect too much of NAV on a short-term.

The developers of NAV are working hard. Devs communication with community is verry well.
I like this coin and i will support it. Smiley
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