Core Roadmap

Cryptocurrencies are complicated, and NavCoin’s community roadmap is aimed at changing that. As a community, we are laying the foundation for NavCoin to be an industry-leading cryptocurrency by building better money.

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Upcoming

Improved Privacy Solution

Project lead: Alex Vazquez

As a replacement for the secondary ‘NavTech’ blockchain, a new privacy solution is being developed to work at the protocol level.

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In Progress

Increase Community Fund

Project lead: Craig MacGregor

Modifying the community fund contribution from 0.25 NAV to 0.5 NAV to retain the 80:20 ratio when static block rewards are activated.

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Static Block Reward

Project lead: Craig MacGregor

Modifying the block reward from percentage based to static in an effort to increase network security and align NavCoin with the PoSv3 specification.

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Beta Testing

Cold Staking

Project lead: Alex Vazquez

Allowing for NAV, which are stored offline, to sign staking inputs that greatly increase the security of funds used for staking.

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Community Fund

Project lead: Alex Vazquez

NavCoin’s Community Fund enables anyone to get paid by the network for their contributions to the NavCoin ecosystem. Projects are funded and approved by the decentralized network with no central authority.

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Completed

OpenAlias

Project lead: Alex Vazquez

OpenAlias is an open standard that allows users to transform a lengthy alphanumeric wallet address into a form that’s much easier to read, write, and remember.

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Community Fund Accumulation

Project lead: Alex Vazquez

The NavCoin network voted to reduce the staking reward to 4% and include 0.25 NAV per block for the Community Fund. This consensus change was activated on the 3rd of July 2018 and the Community Fund has been steadily accumulating since.

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NTP Synchronisation

Project lead: Alex Vazquez

NavCoin Core now makes it mandatory to clock sync against an NTP server on launch. This was introduced to prevent stakers creating blocks with incorrect timestamps which was causing block spacing issues for the network.

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Segregated Witness

Project lead: Alex Vazquez

After rebasing to Bitcoin 0.13, the NavCoin network voted on implementing SegWit transactions. The vote succeeded and SegWit was activated on 25 December 2017 and SegWit transactions can now take place on the network.

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Rebase from Bitcoin 0.13

Project lead: Craig MacGregor

NavCoin Core was upgraded to align with the Bitcoin 0.13 source code to increase NavCoin’s stability, functionality and the ability to integrate with other software including the Insight API.

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Hierarchical Deterministic Wallets

Project lead: Soopy452000

After rebasing the NavCoin protocol in 2016, BIP32 was implemented in NavCoin Core. Addresses are now generated deterministically from a master private key, removing the requirement to frequently back up your wallet.

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Blockchain Restart

Project lead: Soopy452000

NavCoin’s blockchain was reset in May 2016 as part of a rebase to an updated blockchain format. This is why although NavCoin has been around since 2014, the genisis block of our current blockchain was mined in 2016.

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Mainnet Launch

Project lead: Soopy452000

The NavCoin mainnet was launched in July 2014. NavCoin launched as a community driven project with no ICO or pre-mine. The community’s focus was on creating a privacy centric, proof of stake cryptocurrency which was fast, cheap and secure.

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Community Roadmap

The Core Roadmap only showcases protocol related projects which are just the tip of the iceberg when it comes to the NavCoin eco-system. To check out what has been or is being built ontop of the NavCoin protocol, head on over to NavHub and check out the community projects and roadmap there.

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