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Author Topic: ★[ANN] [NAV] NAV COIN - Community Fund Live!!!  (Read 2083060 times)
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redjedievolution
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November 06, 2016, 07:39:12 AM
 #20781

How often should one backup their wallet?  Is it enough to do it once after encrypting with new password?



each time you generate a new address, and each time you change your encryption passphrase

All is an illusion, there is only energy flowing
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Crypto101th
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November 06, 2016, 08:50:41 AM
 #20782

Makes sense, thanks!  Smiley
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November 06, 2016, 09:40:02 AM
 #20783

what is it Nav?

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November 06, 2016, 10:05:49 AM
Last edit: November 06, 2016, 10:33:46 AM by colvano
 #20784

what is it Nav?

Nav is a digital currency. It focuses on privacy and fast global transactions. The user has the option to send Nav Coin Anonymous to a receiver. The connection between the sender and receiver is broken by using a secondary blockchain, the Subchain. By using a secondary blockchain Nav stays transparent and has all the benefits of blockchain technology. Currently Nav is being decentralized, meaning there is no central point of operations controlling it all and being a weak point to take Nav offline.

*** Note that the Nav send between the Holding Address and the NAV Pool happens in a following cyclus so that there is no connection on the blockchain. All the transactions happen in random amounts and size.
The NAV Pool is prefilled. The receiver is paid out of the Pool. The Subchain transports the encrypted data (Receiver address + Amount of NAV sent). The outgoing server uses this verified data to send the Nav to the receiver out of the Pool. The Nav sent by the Sender is used to refill te Pool in the next cyclus. Multiple transactions are handled by the servers in the same time.


Nav is very user friendly. This is achieved by developing wallets for multiple platforms, Windows, Linux, Android, OSX, iOS. Downloads available here!
Nav is being developed quickly and with great precision, Current projects are shown here!





THE UNBREAKABLE CODE

NavtechServers.com - Navtech Servers: Status, Reviews, Information, Guides and News. Follow on Twitter
pakage
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November 06, 2016, 10:08:33 AM
 #20785

Nice diagram Smiley 10 points to Colvano!

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

NAV COIN ANONYMOUS SUBCHAIN TRANSACTIONS ▪ NAVCOIN.ORG BITCOINTALK.ORG
Crypto101th
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November 07, 2016, 05:25:26 AM
 #20786

Yes that diagram really helps one visualize Navtech, thanks for that Smiley

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November 07, 2016, 06:09:52 AM
 #20787

what should we expect for Nav's upcoming news ?

thanks
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November 07, 2016, 06:43:21 AM
 #20788

pliss cek pm sir thanks
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November 07, 2016, 08:49:44 AM
 #20789

Hi Nav Coiners!

It’s time to resume our weekly update schedule. It’s been a pretty crazy week after all the excitement of the Navtech anon launch. I can confirm that the public system has been live for nearly a full week now and we have not had a single error nor experienced any server downtime.

Everything is looking good.

I’d like to give a special thanks to everyone who was involved in the beta test. You all helped to uncover those last few bugs which would have faulted the currently perfect public launch and I thank you all for your invaluable service.

Navtech Decentralisation Whitepaper

I have continued straight on to writing the Navtech Decentralisation Whitepaper. Most of the technical details of how the system works are covered in the existing Navtech Whitepaper. On a systems level it will operate almost exactly how the current service works. This whitepaper is more about how we ensure individuals are able to run their own Navtech systems without compromising the integrity or security of the wider network. I am hoping to finish writing the whitepaper this week and will publish it as soon as it’s ready.

After the whitepaper is published I will begin to write the final pieces of the code required for decentralisation and continue to refine and test the existing code. When the code is ready to ship we will partner with one or more interested network operators who want to be the first people to set up their own functioning Navtech Server Cluster and set them up as the beta open source decentralisers. Following that will be the full public open sourcing of the Navtech system and Subchain.

Coin Payments Merchant Gateway

We are very pleased to announce that we have been added to http://coinpayments.net. I can confirm their service is all up and running. I have set up a merchant account with them and have used the simple Point of Sale interface to receive a Nav Coin payment and then successfully withdrew it from their system.

This saves us a lot of the work involved in cloning Bitpay for ourselves. We will continue to support this service so feel free to suggest it as a Nav Coin payment integration for any online and real world merchant or service provider whom you are in contact with.

We are working towards a few exciting things in the merchant area which we will reveal as more details become available. Full steam ahead!

That is about it from me for this week. I have been taking a few days off to recover from the exhausting work that was the Navtech anon release.

We still continue to work towards the other things on our roadmap so stay tuned!

Talk soon,
Craig.



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

NAV COIN ANONYMOUS SUBCHAIN TRANSACTIONS ▪ NAVCOIN.ORG BITCOINTALK.ORG
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November 07, 2016, 09:23:43 AM
 #20790

Great stuff Craig!

Just to add to that, we've already had an offer from one of the Slack members who would like to accept Nav Coin as a payment method for his web hosting service.

I also heard a rumor that there may be an official Nav Coin store with Merchandise in the works  Shocked

With the merchant gateway ready and decentralization just around the corner, it's exciting times ahead for Nav!

Thanks for the support guys!
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November 07, 2016, 12:50:31 PM
 #20791

what do we have since the beginning of trading on kraken? this will add NAV to the reliability and more convenience for NAV tech
thx
Diego24
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November 07, 2016, 01:15:13 PM
 #20792

what do we have since the beginning of trading on kraken? this will add NAV to the reliability and more convenience for NAV tech
thx
Haha. You are just as confused as I was when I started to read hear about the kraken  Grin
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November 07, 2016, 01:29:59 PM
 #20793

Which block size has nav?
1MB like bitcoin or more?
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November 07, 2016, 02:05:25 PM
 #20794

Which block size has nav?
1MB like bitcoin or more?


From a recent press release:
Quote
In addition to the optional anonymous transaction service, Nav Coin’s biggest strength is it’s super fast network speed. It’s no secret that Bitcoin has an average transaction time of 10 minutes, with transactions over heavy periods taking much longer. With a block time of 30 seconds combined and a scalable block size of up to 20MB, the Nav Coin network is able to handle 1300 transactions per second.


Bitcoin has a maximum of 3-7 transactions a second due to the block time of 10 minutes and block size of 1MB.....

NavtechServers.com - Navtech Servers: Status, Reviews, Information, Guides and News. Follow on Twitter
colvano
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November 07, 2016, 02:08:23 PM
 #20795

what do we have since the beginning of trading on kraken? this will add NAV to the reliability and more convenience for NAV tech
thx

Haha. You are just as confused as I was when I started to read hear about the kraken  Grin

A Kraken is a legendary sea monster. When referred to the kraken, they (hashforce101 usually) mean a big thing happening. The release of the kraken is meant as in: "something big is being released".

NavtechServers.com - Navtech Servers: Status, Reviews, Information, Guides and News. Follow on Twitter
YAdaminer
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November 07, 2016, 04:43:58 PM
 #20796

what do we have since the beginning of trading on kraken? this will add NAV to the reliability and more convenience for NAV tech
thx

Haha. You are just as confused as I was when I started to read hear about the kraken  Grin

A Kraken is a legendary sea monster. When referred to the kraken, they (hashforce101 usually) mean a big thing happening. The release of the kraken is meant as in: "something big is being released".

aka HYPE  Wink
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November 07, 2016, 05:10:39 PM
 #20797

Can someone access your coins if they have the address(es) and your password to your wallet? Or would they need the wallet .day file?
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November 07, 2016, 06:19:35 PM
 #20798

Can someone access your coins if they have the address(es) and your password to your wallet? Or would they need the wallet .day file?

No they need the private keys (or the wallet.dat)

You don't even need a password

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November 07, 2016, 07:22:51 PM
 #20799

How often should one backup their wallet?  Is it enough to do it once after encrypting with new password?

For the full node wallet, you need to back it up after encrypting it and again after adding any new addresses. It is not necessary to back it up after every transaction, just whenever you generate a new address is enough.

For the mobile and thin clients, you should be able to retrieve all balances by using your 12 word seed phrase, so there is no need to back anything up apart from the phrase.

Cheers,
Craig.

Hi @pakage!
do i need to backup my privkeys? how can i do that?

even if it isnt needed, is it possible(backup privkeys)?
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November 07, 2016, 07:53:49 PM
 #20800

How often should one backup their wallet?  Is it enough to do it once after encrypting with new password?

For the full node wallet, you need to back it up after encrypting it and again after adding any new addresses. It is not necessary to back it up after every transaction, just whenever you generate a new address is enough.

For the mobile and thin clients, you should be able to retrieve all balances by using your 12 word seed phrase, so there is no need to back anything up apart from the phrase.

Cheers,
Craig.

Hi @pakage!
do i need to backup my privkeys? how can i do that?

even if it isnt needed, is it possible(backup privkeys)?

You can extract the privkeys from the wallet.dat, but usually you dont need to do that. Just save the wallet.dat or the seed phrase.
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