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Author Topic: ★[ANN] [NAV] NAV COIN - Community Fund Live!!!  (Read 2083037 times)
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hashforce101
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April 13, 2016, 07:25:45 AM
 #16861

Ok where is this big update. We don't want to loose the great momentum in Volume we just had.

Great to see the attention to detail.

The Market can obviously see the Light with NAV Coin.

Hey Hash,

Our we're still ironing out the last few details of our announcement. We will post it up as soon as we receive the responses we're waiting on.

Our goal as stated on the weekend was for Tuesday / Wednesday and we're aiming to stick to that Smiley

Cheers,
Craig.

Thanks for the update. Keep up the great work
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April 13, 2016, 03:32:40 PM
 #16862

I really wish the infographics would crop better on twitter. I may make square versions so people see the actual info and not just the graphics.

I've just tried a square version, but it's even worse. Maybe the infographics are too big for twitter.  Sad

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April 13, 2016, 09:31:03 PM
 #16863

OP has been updated with new images without navajo references.
If You're using NAV logo as Your avatar please update to this one:

http://imgur.com/KZl5yHb

Cheers Wink
Strugg


Hi Strugg

Could you update the OP with New infographs as one of them still says Navajo on the bottom right corner.

Then that will be the last of the Navajo name to be seen.
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April 14, 2016, 12:50:16 AM
 #16864

NAV Coin 2.0

Dear NAV Community!

We are very glad to announce a long list of improvements coming in our next update to NAV Coin. Primarily our goal for this release is to deliver the BIP32 update for NAV Coin. If you don’t know what BIP32 is, you can read more about it here:

https://github.com/bitcoin/bips/blob/master/bip-0032.mediawiki

It’s quite complicated, but the short version is that apart from the benefits of BIP32 itself, it will mean our wallet is now compliant with the accepted wallet standards for remote reading of the NAV blockchain. This compliance allows us to then develop javascript based web wallets and mobile wallets which are fully qualified wallets. The wallets will be able to operate without needing to download the entire blockchain which can be impractical on devices with limited storage or low performance.

After a long and at times painstaking process of attempting to retrofit the BIP32 standard of Hierarchical Deterministic Wallets to the existing NAV Coin code base we recently changed direction towards a faster and frankly better solution.

As a team we decided the best way forward was to rebase NAV Coin from a more recent fork of the Bitcoin Core which includes the BIP32 Updates and as an added bonus we also get a long list of all the other updates which Bitcoin has implemented since we last forked from them 2 years ago.

New Features in NAV 2.0

Here's the summary of some of the improvements we will be deploying:

BIP 32 - Hierarchical Deterministic Wallets

https://github.com/bitcoin/bips/blob/master/bip-0032.mediawiki

Capability to generate wallet addresses from a single private seed. This allows the user to re-generate key pairs from the seed if the wallet is lost. Backup frequency is reduced. Wallet generation methods are now compliant with web & mobile wallet standards.


BIP 38 - Passphrase-protected Private Key

https://github.com/bitcoin/bips/blob/master/bip-0038.mediawiki

Capability to encrypt and encode a passphrase protected private key. Typically intended for use on paper wallets and physical coins. Users will now be able to store their coins offline in secure cold storage.

BIP 100 - Floating block size hard limit

https://github.com/jgarzik/bip100/blob/master/bip-0100.mediawiki

Maximum block size is increased to 20MB with the maximum size for mined blocks set to 10MB. Block size is dynamic and changes in response to the volume of transactions. This future proofs the coin to be capable of handling all perceived future transaction volumes.

There are even more BIPs which will be included in the NAV 2.0 release. The full list of BIPs will be announced in the coming days when we verify their implementations.

On top of the added BIPs, the wallet we are deploying has some really nice extra features built into it:

Updated User Interface

As you can see, we’ve refreshed the branding in the wallet to match the websites branding. This branding will be rolled out through the rest of the wallet before launch. You can see the Anonymous Send feature on this send coins dialog window.



Bittrex Trading

The new wallet has the capability to connect to Bittrex with API Keys to trade NAV directly from within the wallet. You can see the current market orders, place & cancel orders as well as see your trade history.



Messages

This feature allows users to send encrypted private messages to other users by their wallet address. All communication is directly from wallet to wallet ensuring maximum privacy.



Block Explorer

The new wallet allows you to look up addresses and transactions from directly within the wallet.

The wallet also includes all the standard features you expect in a cryptocurrecy wallet (send, receive, backup, transaction history etc..)

Upcoming Features in NAV 2.1

With the new wallet deployed it means that we will now be able to finish off and release some of the work on our projects page which was previously blocked by the fact we weren’t able to use remote block chains and performance issues. This includes:

Mobile NAV Coin Wallet

As explained, we will now be able to deploy a mobile NAV wallet for both Android and IOS. Users to have a fully qualified wallet with the coins stored on your device. When we release our mobile wallet we will in a very small club of Proof of Stake coins with a mobile wallet. Then with phase 2 of the mobile wallet the NAV Coin dev team will unlocked a massive milestone; World’s first anonymous cryptocurrency transaction using a mobile phone!

Web based NAV Coin Wallet

Similar to the Mobile wallet, this allows us to build a fully qualified wallet that you can use through your web browser. You could then either run the code from your computer and / or we could integrate it into the NAV website for you to use.

Raspberry Pi Staking Unit

With the performance increases achieved by implementing all the BIP’s we’ve integrated by rebasing NAV Coin will allow us to successfully run the Raspberry Pi staking units. This is going to be a great system you can use to mine NAV very cheaply. Initially it will be a deployment which you run on your own Raspberry Pi and subsequently optionally purchasing a touch screen version from us.

Expect to see these updates released in the near future.

Action Plan for the Release

What does rebasing NAV Coin mean in practical terms?

It is quite a big transformation for NAV Coin to undertake. We did look at implementing the new code base and then refactoring the source to work with our existing blockchain. This process however could have easily taken another 2 months of development time or possibly more. We have a lot of great features planned for the next quarter and didn’t want to waste any more time by attempting the refactor to who knows what end. What we have decided to do instead is to create a new genesis block with all the updated configurations to work with the new source and start the NAV Coin blockchain again from Block Zero.

This means a couple of things will have to happen over the next few weeks to get everyone onto the new block chain.

Bittrex Coin Swap

We have contacted Bittrex Exchange to host the swap process.

We've always been working effectively with Bittrex and it's NAV markets always had the biggest volume. Based on that we believe that our Community also puts as much trust in their team as we do.

Bittrex has successfully performed many coin swaps in the past and has a very safe and reliable system in place to make sure that everything goes smoothly.

All coins will be swapped at a value of 1:1. You will still have exactly the same amount of NAV as you do now and there will still be the same total number of NAV as there are now, so your coin’s will retain the same value.

Swap period on Bittrex will take 2 weeks. We will begin the swap as soon as the new code base is tested to our satisfaction.

After that 2 week period time there will be no option to swap your coins using exchange and the old coins will no longer be valid on the exchanges.

We will offer additional 2 weeks of manual swap after that. To swap your coins manually you will need to contact Development Team directly and we can help you make the swap.

This procedure takes a lot of time and efforts, so please swap Your coins during first 2 weeks using Bittrex.

After the total 4 week swap period, the NAV Foundation will assume guardianship of any unclaimed coins. From then onwards users can contact us if they missed out on the swap and we will do our best to see they get their coins upgraded. Past that, the foundation will use the unswapped coins for covering the costs of new projects and server’s upkeep.

We are still confirming the details and timelines of the swap process with Bittrex and we will post another update when we can confirm the start date. That said, our goal is to initiate the coin swap within the next 2 weeks unless otherwise necessary.

Anonymous network maintenance

We will have to take the NAV Anonymous Network offline for maintenance so that we can begin to port the Anonymous Sending code to the new wallet and test it.

The NAV Anonymous Network will be offline from Thursday 14 March @ 9:00PM GMT until Sunday 17 March @ 9:00AM GMT or until otherwise notified.

Please keep that in mind in case you would need to use that function. We would advise not sending any coins through the anonymous network less than 15 minutes prior to the maintenance time.

Ongoing development

Anonymous Network Decentralisation

Decentralisation of the Anonymous Network is of course still in the pipeline. Once we have the coin swap sorted I will port all the work I have done previously to the new wallet and then resume working on the decentralisation project. It will only be a minor step sideways for the project, i will not have to discard my work and start over. I will update you on this project’s status and timeline on the other side of the coin swap.

As always - We would like to thank You for all Your support!

Please stay tuned & keep an eye on NAV Coin during this exciting time.

Best Regards! Wink

- NAV Coin Development Team




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April 14, 2016, 12:59:19 AM
 #16865

Im very impressed about team hard work, it is going for so long time already. I bought some amount more than year ago but in some moment i lost all hope it will be something, i was convinced it will die. But now i can see it is going well. Tx team and community for be here in this full of scam crypto-world.

Cheers!!
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April 14, 2016, 03:00:17 AM
 #16866

I have fallen out of my chair.

Massive thank you from the NAV Coin Community.

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April 14, 2016, 03:21:23 AM
 #16867

Glad reading this wonderful update... Smiley
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April 14, 2016, 03:40:15 AM
 #16868

Let us know when it's on SLACK Tweet
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April 14, 2016, 05:25:56 AM
 #16869

I was hoping for an update but this is more than I can handle  Cheesy

I'm surprised that the recommended way to swap is though an exchange. I hope nothing goes wrong cause I have a significant amount and dont feel like keeping it there. Not after what happened with mintpal 2 years ago.

I suppose we dont really have to do anything other than keep the coins in our bittrex accounts and wait for bittrex to credit them on a new address, and then we can withdraw on our new wallet, right?

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April 14, 2016, 05:46:19 AM
 #16870

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April 14, 2016, 05:52:16 AM
 #16871

Awesome, really awesome!  Cheesy  Cheesy  Cheesy

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April 14, 2016, 06:04:14 AM
Last edit: April 14, 2016, 08:46:59 AM by CryptKeeper
 #16872

Please retweet:
https://twitter.com/cryptkeeperbtt/status/720491313418932224
https://twitter.com/cryptkeeperbtt/status/720492391963172865
https://twitter.com/CryptKeeperBTT/status/720532079545565184
 Cheesy  Cheesy  Cheesy

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April 14, 2016, 06:47:02 AM
 #16873

Great Work Nav team!

Now this REALLY needs to hit the newswires!
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April 14, 2016, 06:58:47 AM
 #16874

Holy shit batman that's a sweet update.

one question about the Swap though it will just be available for 2 weeks ?
So then in one big swoop we would remove the Cryptsy risk and all the coins in forgotten wallets would all be worthless after that ?
That could be a Huge reduction in the total amount of coins.

Allmost forgot ^^ Nice work Nav team Cheesy

The only thing necessary for the triumph of evil is for good men to do nothing. Edmund Burke -- May the forces of evil become confused on the way to your house.George Carlin
We pay for life with death , so everything in between should be free. Bill Hicks -- It is during our darkest moments that we must focus to see the light. Aristotle
Do not dwell in the past, do not dream of the future, concentrate the mind on the present moment. Buddha -- The only true wisdom is in knowing you know nothing. Socrates
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April 14, 2016, 07:02:46 AM
 #16875

I was hoping for an update but this is more than I can handle  Cheesy

I'm surprised that the recommended way to swap is though an exchange. I hope nothing goes wrong cause I have a significant amount and dont feel like keeping it there. Not after what happened with mintpal 2 years ago.

I suppose we dont really have to do anything other than keep the coins in our bittrex accounts and wait for bittrex to credit them on a new address, and then we can withdraw on our new wallet, right?

It is all coins from the faucet you have Tongue 

After that you can of course withdraw your coins again. And after that 2 weeks you are also able to swap manually, like said.

regards
shahim
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April 14, 2016, 07:07:10 AM
 #16876

I was hoping for an update but this is more than I can handle  Cheesy

I'm surprised that the recommended way to swap is though an exchange. I hope nothing goes wrong cause I have a significant amount and dont feel like keeping it there. Not after what happened with mintpal 2 years ago.

I suppose we dont really have to do anything other than keep the coins in our bittrex accounts and wait for bittrex to credit them on a new address, and then we can withdraw on our new wallet, right?

Bittrex have handledone numerous coin swaps before with no bad reports. We will iron out the details with them over the next few days and convey all the assurances to you Smiley

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April 14, 2016, 07:07:38 AM
 #16877

I was hoping for an update but this is more than I can handle  Cheesy

I'm surprised that the recommended way to swap is though an exchange. I hope nothing goes wrong cause I have a significant amount and dont feel like keeping it there. Not after what happened with mintpal 2 years ago.

I suppose we dont really have to do anything other than keep the coins in our bittrex accounts and wait for bittrex to credit them on a new address, and then we can withdraw on our new wallet, right?

It is all coins from the faucet you have Tongue 

After that you can of course withdraw your coins again. And after that 2 weeks you are also able to swap manually, like said.

regards
shahim


Morning guys!
Congrats for the announcement.
Quick question: What will happen with Poloniex? at the moment is where most trades are happening.

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April 14, 2016, 08:17:31 AM
 #16878

Reposted [ANN] here:
https://forum.bitcoin.com/alternative-cryptocurrencies-altcoins/nav-coin-2-0-t7052.html  Grin

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April 14, 2016, 09:23:00 AM
 #16879

Great Work Nav team!

Now this REALLY needs to hit the newswires!

Thanks! We are on to this. We are going to make sure this gets distributed through appropriate channels over the next couple of weeks so everyone who has nav will have the opportunity to swap! Also so we spread the good news!

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April 14, 2016, 09:24:48 AM
 #16880

I was hoping for an update but this is more than I can handle  Cheesy

I'm surprised that the recommended way to swap is though an exchange. I hope nothing goes wrong cause I have a significant amount and dont feel like keeping it there. Not after what happened with mintpal 2 years ago.

I suppose we dont really have to do anything other than keep the coins in our bittrex accounts and wait for bittrex to credit them on a new address, and then we can withdraw on our new wallet, right?

It is all coins from the faucet you have Tongue 

After that you can of course withdraw your coins again. And after that 2 weeks you are also able to swap manually, like said.

regards
shahim


Morning guys!
Congrats for the announcement.
Quick question: What will happen with Poloniex? at the moment is where most trades are happening.

We will notify poloniex and all other exchanges nav is traded on to make sure they notify their users about the correct procedure to swap their nav. The coin swap through bittrex is only temporary. After the coin swap the new coin will be tradable on all other exchanges as per usual Smiley

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