Hi everyone. I have a question regarding NAV Coin. I read the whitepapers of both NAV Coin and DASH, but I don't seem to figure out what is the difference between both. They are both doin anonymous transactions based on mixing. At least that is my interpretation of it. Did I miss out on something important ? If so, could someone please explain this to me ? And if there is a difference, then it might be a good idea to put it on the website and even to publish this comparison on crypto site and make a youtube video about it so people are aware of it.
NAV is TRUE and 100% anonymity, DASH not
Thanks for the reply. Yes, I heard about this. But I want to know why. Why is NAV 100 % anonymous and DASH not ? I am not asking this question to be anti-NAV. If NAV reaches the level of DASH I will jump through my roof out of pure joy because I bought some decent amount of NAV last week. But I am not able to understand why NAV is more anonymous than DASH so if someone could explain this to me, I would be extremely thankful :-)
Jugelio got it right.
The main point of difference is that our system uses 2 block chains, which permanently disconnects the transactions and makes it impossible to prove beyond reasonable doubt that User A sent coins to User B. As far as I understand, Dash uses a single block chain and essentially just mixes the coins through their system prior to you sending them which given enough time and effort can be untangled or relies on insecure architecture such as SQL databases. We also encrypt the destination address from inside your wallet and then re-encrypt it before sending it to the outgoing server via the sub-chain to further break the connection between sender and receiver. Your intended destination is never broadcast from your computer, not even via HTTPS, only ever as an encrypted argument attached to your transaction to our sever on the block chain.
Also, have you actually tried to use Dash for anonymous sending? From my testing their coin mixing protocol doesn't even work. I had my wallet open for 3 weeks trying to successfully mix just 14 DASH into "DRK" or whatever they call it and it failed every time.
Our system doesn't require any pre-mxing of coins. You just tick the "Send NAV Anonymously" box and it sends your regular NAV through our Anonymous Transaction Network instantly. Transactions are received within 5 minutes of sending. Transactions are broadcast from incoming to outgoing servers via a separate block chain (nav sub chain) and not managed by something exploitable and centralised like MySQL.
I am working towards finishing the new Anonymous Transaction Network scripts over this weekend which will enable us to bring the system back online and closer to being able to decentralise the system. More to be revealed in my weekly update on Monday once I have more info for the progress report.