BTCFeed QuoteWith the use of subchains, Navajocoin looks to solve the problem of the ability of mathematically deanonymizing the transactions. Using subchains the transaction amount and destination is anonymized through a private and encrypted subchain. This breaks the chain of events between the sender and the receiver which makes it impossible to prove beyond a reasonable doubt that Alice sent coins to Bob. Using the NMG (Navajo Magic Gateway) between the sender and the receiver makes all communication double encrypted and scrambles the newly generated wallet addresses. For more information regarding the subchains and the anon technology refer to our previous story on Navajocoin.
ConclusionUnlike 99.9% of altcoins out there Navajocoin has been around for 6 months the development team has promised features and so far they have delivered. The state of the art anonymizing network solves critical problems with current implementation of anon transactions, if the Navajocoin development team can pull off the promised features there is no saying how high Navajocoin can go. With the anonymizing network now in beta testing Navajocoin shows promise as an up and coming cryptocurrency. As a disclaimer this is not a sponsored story and we do not have any invested NAV. If you are an investor looking to invest into a cryptocurrency you must do your own research before making a decision.
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