Hi Guys, here's the latest news from the Nav Coin Development team.

Manual Coin Swap

The manual coin swap seems to be running without issue. We have not received any complaints of lost coins or anything of that nature which is always good news. The swap wallet now contains almost 50 Million coins which means that an extra 2 Million coins have been swapped through the system. We hope this number will continue to rise as more people hear about the coin swap and take part. We want everyone who has legitimate claims to coins to get theirs back and only Cryptsy and other fraudulent exchanges to be blocked by our coin swap. There are around 500,000 old Nav coins still in sell orders on Poloniex and who knows how many in their Nav wallets. If anyone has any ideas on how to communicate with the Poloniex users and get them to withdraw and participate in the swap, please let me know. I have posted the news to /r/poloniex wtih limited success.

Decentralisation

I have started to port over my decentralisation work to the new code base. The good news is that it is compatible with the new wallet so we have not taken any step backwards here. Another win is that most of the necessary scripts for the decentralised API implementation in the send coins dialog have already been applied to this new code base before we put out the initial release of the new wallet. Additionally, the coin swapper system I wrote in NodeJS is going to be the base I use to re-write the anonymous sending scripts ready for decentralisation which means we have taken a lot of steps forward on that part of the project.

The new branch for my work can be followed here: https://github.com/navcoindev/navcoin2/commits/NAV%23001-decentralisation

With the latest commit being this one: https://github.com/navcoindev/navcoin2/commit/d304861fd4eadec4c6bf68044e91116bc6b6817f

I will continue to work on this and post my weekly updates as I previously did before the coin swap occurred.

Web & Mobile Wallet

Shahim is making some great progress with the Web and Mobile wallets behind the scenes. We have been in communication with a team who are specialising in POS web wallets and we are currently working with them to see what they can bring to NAV Coin and how we can speed up our development of our Web and Mobile wallets by using their products and features. I'm sure Shahim will have more to report on that as things unfold over the coming days.

Poloniex

We have been in communication with Poloniex about our coin swap since the weeks leading up to June 1. We are having some minor issues with them accepting the new coin onto their exchange. We are confident they will accept the new coin but we need to work with them so they are sure our coin swap complies with their terms and conditions. I have been trying to contact them again over the last few days to resolve this issue but as you could imagine they are probably quite busy considering the DAO Hack they are dealing with. We will continue to work with them to resolve this issue as quickly as possible and let you know any news as soon as we receive it. For now, the Poloniex market is open for withdraw of all NAV 1.0 and users can then swap it using our coin swap feature for NAV 2.0 in preparation for the opening of their NAV 2.0 market.

Marketing

We were successfully published in a number of online publications in the lead up to the coin swap. We are still working at distributing a second article around the web to inform people of the manual swap process and raise Nav Coin's profile. Currently our article is sitting with CoinDesk for approval as well as other publications and we hope they will be released in the coming days.

I have also been working closely with Sophia since the coin swap and she is in the process of putting together some overall marketing strategy documents which we will use as a framework for our marketing campaign to promote the new features of Nav Coin as we make our progress through our road map.

Forum Signature

I've put together this forum signature that people can use. It's pretty basic but does the job:

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████████████████████████████████████ ██████████████████████████████████ ████████████████████████████████ ██████████████████████████████████ ████████████████████████████████████

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NAV COIN ▪ ANONYMOUS SUBCHAIN TRANSACTIONS ▪ NAVCOIN.ORG ▪ BITCOINTALK.ORG

Feel free to copy and paste it into your profile!

Other News

As always, we are forever trying to think of new ways to make Nav Coin great again. We have been brainstorming a few good ideas we have for the road map and look forward to sharing them with you soon.

Yours in never ending dedication,
Craig.

Buy the rumor, fade the news, sell the fact...

Where do you see that someone is buying big?

The more you have in pool the larger the tx you can accept. The anon process checks to make sure server can process the TX. So if you have a large pool you can handle many small tx in process waiting to get NAV back and still be able to handle a new large tx.

Mean more fess for you.

I'm planning on ~100k Nav will start on a spare pc but when fees will cover it will move to a hosted VM.

Good to see we are back at roughly the true price of NAV.  Now the speculation on the ANON system can begin.  Hopefully noone dumped their stacks in the last two weeks as the party is just getting started.

Tried this coin for the first time and got to say that it having Electrum wallet is very impressive. Never underestimate the power of ease of use

However, doesn't using Electrum lowers the level of anonymity?

Hashforce101,

The pictures you post, like today with the octopus: Do you create them everyday by yourself? :p

i really didnt know NAV released for Android wallet soon will get its thanks NAV....

Hi Nav Coiners!

This week’s update is indeed a special one. Today is the day our Thunderclap campaign ends and our collective voices are heard by over half a million people! Thank you to all of you for helping us spread the word and reach our goals. The winner of the 20k NAV will be drawn directly after the Thunderclap completes. So good luck everyone!

We have some great announcements today and I will start off with what you’ve all come to see:


It has been real journey getting the new Navtech System up to standard, but the day is finally near. When the system launches, it will be already very close to what we need for decentralisation, so that goal is also closer than ever. If you’ve been keeping up to date with the Beta Testing, you’ll already be aware that we are closing in on the release candidate version with only minor improvements to come. We are very confident we can hit this goal for the public launch approximately 10 days from now. More details below.

If you want to check out what makes the Navtech system so special, head on over and read our whitepaper:

http://www.navcoin.org/news/articles/post/navtech-whitepaper-2016

Or if that’s a bit too nerdy, we also have a cheat sheet:

http://www.navcoin.org/news/articles/post/navs-new-white-paper-the-cheat-sheet

Navtech Anon Beta

It seems always busy around Nav Coin HQ during these last few months and this last week has been no different. We have successfully patched the minor issues which were reported in the last round of testing and we have successfully redeployed to the anon servers. Since deployment there have been no more reported issues, everything is processing smoothly!

We have started up a new incoming server after having the hard disk issue with the other host and we are now operating again as a cluster. We have also increased the transaction size to the maximum limit we will accept of 10,000 NAV. This puts us squarely into the last phase of the beta test.


Over my next 4 day work period I will hammer the server with multiple large NAV transactions to make sure the queue is processed successfully. I will also implement a queue checking system so when your wallet looks for an online server it will also check how long the queue is. If the queue is over 30 minutes long then the wallet will try a different server from the cluster. If all servers have queues longer than 30 minutes it will reject the transaction and ask you to try again later.

Apart from that, my main mission before November 1 is to implement as many unit tests as possible. Ideally we would be 100% covered before public launch. I think we can achieve it.

The slow and steady approach has proven useful so far. As anyone in Software Development can tell you that the best software is not rushed and it's always advised to let the dust settle for a while after making any changes to source code in case there are unforeseen consequences. Especially when building a new product.

If you want to see the Navtech Anon System in action and help us with the beta testing, send me a PM with your email address and i will add you to our slack channel.

Nav Coin Calculator

We have acquired some volunteers from our lovely community and we have been putting them to good use working on some of our side projects while the core team work on the anon beta. The first cab off the rank is the Nav Coin Calculator.

http://www.navcoin.org/calculator

You can pick a currency and the amount and it will tell you how much NAV that converts to. It’s a great little tool and is the first in our selection of merchant tools. If you put in the Nav Coin address you wish to receive the coins to, it will generate a scannable QR code with the amount and your address pre-loaded. What you enter gets pushed into the URL, so you can even send it as a link for someone else to scan and pay you. For example:

http://www.navcoin.org/calculator?fiat=USD&amount=1000&address=NhFqGhj3yQew951VB54cxi3FSdhYrNEd5E

The address is fully optional and we never record any data which is entered into the calculator. Shahim is working towards implementing SSL throughout the whole site which means soon you will be able to use the calculator over https which will encrypt any information you send to it.

We are so lucky to have amazing community members who are willing to help us out with these projects. If you have any skills which you think could contribute to the Nav Coin eco-system, send me a PM with your email address and i will add you to our slack channel.

Bit square

We're pleased to announce that we have been added to the Bitsquare Decentralised Altcoin Exchange. Bitsquare is an open-source desktop application that allows you to buy and sell bitcoins in exchange for national currencies, or alternative crypto currencies.

Unlike traditional online exchanges, Bitsquare requires no registration. It's decentralised and transactions happen peer to peer. Because of this, your coins never leave your computer until they are traded. It's private and never broadcasts any identifiable information. It connects to the internet through the Tor network and it implements end to end encryption.

It really is a great way to privately purchase NAV so I encourage you to check it out!

To download their application please visit their website: https://bitsquare.io

Announcement Article

Sophia and Mark have written two press releases which will be going out over the next few days. These are in support of the Anon Launch Date announcement and aim to educate and inform people of our project. The first should be hitting Coindesk and Cointelegraph today or tomorrow.

https://cointelegraph.com/category/business/press-releases

http://www.coindesk.com/press-releases

As always, if you want the news before it’s news, just visit our website:

http://www.navcoin.org/news

That’s it from the team for this week. Thanks again to everyone and I give a warm welcome to any newcomers. Please feel right at home and don’t hesitate to contact us with any questions you might have.

To keep up with the latest, follow us on twitter and join us on slack!

Talk soon,
Craig.