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Topic: ★[ANN] [NAV] NAV COIN - Community Fund Live!!! - page 307. (Read 2085654 times)

hero member
Activity: 644
Merit: 501

It's the middle of the night in NZ. He will get back to this question. I think it has to do with the double encryption and not in the simple coin mix. It was explained here but WAYYYYYYYY back in the thread...May be if you guys search on Pakage's posts or Soopy's you might find it...
OK, thanks for the reply.

I am really looking forward to his reply. The answer to that question is so crucial and I think even very important when advertizing NAV. If you can explain people why NAV is better than DASH and Monero, then this would be very good publicity for NAV.
hero member
Activity: 687
Merit: 500
So you say DASH is  simple coin mix?

Don't know mate...I am a bit illiterate on those aspects. I do great music recording and mastering. But technically I am not that savvy. It might be a wrong quote the coin mix thing. Plus I never talked about Dash. I was talking about NAV double encryption.
As far as I know Dash (Darkcoin) wasn't fully anon. It could be traced back in a way...
full member
Activity: 217
Merit: 100
So you say DASH is  simple coin mix?
hero member
Activity: 687
Merit: 500
Hello everyone, please rest assured that we are tirelessly working on this coin's development.

I was literally up till 5am on a work night finishing the beta client for release, so I hope you can understand that I have taken couple days rest after the beta launch.

Despite that, last night after I got home from my day job, I completed one of the node scripts of the anon network and we will begin our internal testing on that part shortly. One step closer.

While we are testing that, I am going to resume work on the client and fix the bugs we've found while also implementing some new features.

We will make a proper update about this next stage of the client in the coming days once we figure out a realistic timeframe for this.

I hope our current streak of constant updates and timely deliveries is keeping your confidence up that we will deliver the finished anon product as soon as possible.

All the best,
pakage

Hi,

I totally forgot it yesterday, but i have just send you 20.000 nav for your hard work and effort! I know it wont make you a millionaire but if nav will go up over time this amount of coins can have some nice value! And its just to show you my appreciation.

And if others also donate you get even richer Smiley

Can you explain a bit more about the node script. I will reread the anon whitepaper today to avoid other dumb questions, but what is a "node" and what does the script do and for what purpose?

cheers

Robin

I have received your kind donation. Thank you very much!

Quote
node
noun technical
1. a point in a network or diagram at which lines or pathways intersect or branch.
"the intersections of two or more such arteries would clearly become major nodes of traffic and urban activity"

The idea of the Navajo Anon Network is similar in architecture to the Tor Project for anonymous internet browsing.

It's not a very simple subject, but i will try to lay it out in somewhat basic terms as I understand the whitepaper. This is how I would explain the chain of events in a typical transaction;

I send an anonymous transaction from my wallet. The data which i send is encrypted by the wallet so it can't be openly viewed as it travels. The encrypted transaction gets sent to a random node which acts like a gateway into the anonymous network. The node processes the transaction it received and writes it to the navajo block chain. The node then transfers the transaction to the sub-block-chain which is a private and encrypted block chain which exists only inside the anon network. The transaction is forwarded to another random node inside the anon network which then commits the transaction back to the navajocoin block chain, encrypts the transaction and sends it to its final destination.

The strength of this method are:

1. Encrypted communication is very hard to decode, depending on the method it could take a super computer years to figure out the contents of a single transaction.
2. Random entry and exit points of the anon network make it virtually impossible to track the origin and destination of a transaction with meta data surveillance.
3. Using encrypted subchains means that the paper trail between origin and destination is physically broken. So, even if you had meta data showing that 300 NAV was sent by someone and that same amount was received by another person, you couldn't actually prove that it was the same transaction without access to the subchain transaction record which is not publicly available.

That's what I understand anyway. Soopy is the one who authored the whitepaper and most of the code, so he can correct me on some points I'm sure. I'm mainly just programming the website and some wallet features.

I hope that helps to explain it a bit further.


Here is some data...

Please just look back on Devs posts.

Soopy, Pakage and Shahim
hero member
Activity: 687
Merit: 500

Pakage, please explain to man this issue, or someone else from the team ...

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  Smiley

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 :-)


It's the middle of the night in NZ. He will get back to this question. I think it has to do with the double encryption and not in the simple coin mix. It was explained here but WAYYYYYYYY back in the thread...May be if you guys search on Pakage's posts or Soopy's you might find it...
full member
Activity: 224
Merit: 100

Pakage, please explain to man this issue, or someone else from the team ...
hero member
Activity: 644
Merit: 501
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  Smiley

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 :-)
full member
Activity: 224
Merit: 100
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  Smiley
hero member
Activity: 687
Merit: 500
The team, can you give an approximate date for the introduction of decentralization?

We look forward to 20k-30k sat

Thank you for your good work  Smiley

Hi plastcom, it's hard to say. I try to update on particular phases of the project and overall percentages rather than delivery dates. This work is quite experimental and can take longer than expected to figure out.

Right now I am close to finishing the new version of the receiving and sending server scripts.

After that, I need to finish off the wallet integration of the new system including the removal of the reliance on the API server list and ability for the user to set their prefs.

Then we need to thoroughly test and setup counter measures to prevent a malicious person setting up a compromised server set which steals peoples coins in transit.

A lot of the work is already in the rear view mirror and I believe we can have the system operational in the near future Smiley

Will be there any updates and releases for next 2-3 weeks?

I don't like to speculate with releases. But I think the web wallet/ thin desktop wallet will be ready soon. I don't really know if in 2-3 weeks...but soon mate...patience is key if you are investing on NAV Coin...
Just relax and let your coins to stake!
hero member
Activity: 700
Merit: 502
Professional translator
The team, can you give an approximate date for the introduction of decentralization?

We look forward to 20k-30k sat

Thank you for your good work  Smiley

Hi plastcom, it's hard to say. I try to update on particular phases of the project and overall percentages rather than delivery dates. This work is quite experimental and can take longer than expected to figure out.

Right now I am close to finishing the new version of the receiving and sending server scripts.

After that, I need to finish off the wallet integration of the new system including the removal of the reliance on the API server list and ability for the user to set their prefs.

Then we need to thoroughly test and setup counter measures to prevent a malicious person setting up a compromised server set which steals peoples coins in transit.

A lot of the work is already in the rear view mirror and I believe we can have the system operational in the near future Smiley

Will be there any updates and releases for next 2-3 weeks?
hero member
Activity: 644
Merit: 501
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.
hero member
Activity: 794
Merit: 510
NavCoin Founder
The team, can you give an approximate date for the introduction of decentralization?

We look forward to 20k-30k sat

Thank you for your good work  Smiley

Hi plastcom, it's hard to say. I try to update on particular phases of the project and overall percentages rather than delivery dates. This work is quite experimental and can take longer than expected to figure out.

Right now I am close to finishing the new version of the receiving and sending server scripts.

After that, I need to finish off the wallet integration of the new system including the removal of the reliance on the API server list and ability for the user to set their prefs.

Then we need to thoroughly test and setup counter measures to prevent a malicious person setting up a compromised server set which steals peoples coins in transit.

A lot of the work is already in the rear view mirror and I believe we can have the system operational in the near future Smiley
member
Activity: 98
Merit: 10
The team, can you give an approximate date for the introduction of decentralization?

We look forward to 20k-30k sat

Thank you for your good work  Smiley

STOP HERE..... Grin Grin
full member
Activity: 224
Merit: 100
The team, can you give an approximate date for the introduction of decentralization?

We look forward to 20k-30k sat

Thank you for your good work  Smiley
hero member
Activity: 794
Merit: 510
NavCoin Founder
how many total coins will be available? and inflation?

There are currently ~60 Million NAV created. The inflation was 20% for the first year, 10% for the second year and a flat 5% per every year after. This means there is no maximum amount of coins like with Bitcoin. We created Nav Coin in July 2014 so we are in our 3rd year now, the inflation rate is at 5%.

Keep in mind, the 5% figure is the maximum amount, not everyone stakes their coins and the network only creates mining rewards in proportion to each users stake not against the total number of coins in existence. Historically the year on year increase in total coins has been a lot less than the maximum. In fact, we have only staked 20% new coins since July 2014.
sr. member
Activity: 280
Merit: 250
how many total coins will be available? and inflation?
legendary
Activity: 1050
Merit: 1000
Having BitcoinFX as part of the NAVCoin Community is first of all Legendary . The Pizza event is apart of Bitcoin hiistory
Thank You for your solid commitment to the NAVCoin Project:)
~HashForce101~
hero member
Activity: 687
Merit: 500
The Tor Advertising that will happen soon happen should cause a nice Tornado!  Grin

It would create a TORNAVO!
legendary
Activity: 1050
Merit: 1000
The Tor Advertising that will happen soon happen should cause a nice Tornado!  Grin
legendary
Activity: 1834
Merit: 1006
raphma, I'm talking about the beginning of this coin yet as DarkCoin.
March 2014 - 60000 sat   Wink
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