Here some info that has been asked a lot for lately:
Proof of StakeNAV Coin is a
PoS (Proof of Stake) cryptocurrency. With PoS your coins can stake, this will give you a 5% annual (one year) profit over the amount of coins you stake. Staking is done by running a
Full Node Wallet or a
Raspberry Pi 3 Stakebox. Your coins are used as collateral for finding and confirming a block. When you find a block you will get a stake reward.
Depending of the amount of NAV Coin that you stake, you earn rewards. With
few coins it can take up to a few days to get a reward. The
more coins you have the more often you stake.
The first time you put coins to your Stakebox or Full Node it will take 2 hours for the coins to
mature. After two hours you can start getting stake rewards.
To stake,
unlock your wallet. Make sure to unlock your wallet for
staking only. If you need to send coins unlock your wallet for sending and after that close your wallet again.
Your wallet has to be open for staking, so on and unlocked. This means you will have to have your computer running or the Raspberry Pi. The Raspberry Pi is very energy efficient.
It is probably smartest for you to
calculate your stake reward and cost of electricity. If you only have 100 NAV Coin it might not be profitable to stake at this moment with the current price.
SegWitYou may have heard about SegWit. Currently NAV Coin is voting to enable SegWit. Over a one week period, 75% of the blocks have to signal a yes vote. Voting can be done by staking. The progress of the vote can be followed
here.
Note: once 100% is reached, it means 75% has been voted yes. The percentage shows the % of 15120 blocks (75% of total blocks in a period of 20160 blocks) that has been reached.SegWit brings a lot of good things to cryptocurrency. For NAV Coin it is extra interesting because it will make it easier for Anon DAPP development. More information about SegWit can be found
hereTutorialsI run the website
https://NavtechServers.com. Here you can find tutorials on how to set up a Full Node Wallet and Raspberry Pi Stakebox. If you need any help feel free to head over to the
NAV Coin forum, Slack or Telegram. Links can be found here:
hereGood luck!