June 2, 2014
DescriptionNavCoin is a decentralized cryptocurrency that uses the peer-to-peer blockchain technology to operate with no central authority managing its transactions. The issuance of NavCoin is carried out collectively by the network of miners and joint development by the NavCoin commmunity. The project is open-source and decentralized. Nobody owns or have complete controls over the cryptocurrency. The NavCoin project is open source and available for everyone to take part. NavCoin was known as Navajo Coin, which was rebranding from SummerCoinv2. NavCoin has been publicly traded since July 2014 and is now traded on major cryptocurrency exchanges such as Binance. NavCoin is one of the first cryptocurrencies to be fully anonymous. The encryption software completely disconnects and randomize the transaction data, removing it even from an IP address. The anonymous system is a forked from bitcoin's blockchain technology and uses a subchain to process anonymous transactions.