NAV's coin swap to set off a chain of game changing improvements
"The goal of the NAV coin swap is to improve the performance of NAV for it's investors and give us the code base to launch NAV into a strong future. Our future will be development heavy; we pride NAV on being a tech strong coin and we like keep on the cutting edge of altcion technology – after all we are nerds."
Bip 32 is considered one of the key updates in moving crypto currencies forward into a modern user-friendly place. It is the capability to generate wallet addressed from a single private seed, which allows the user to regenerate key pairs from the seed if the wallet is lost. Thus back up frequency is reduced. This wallet generation method is compliant with web & mobile wallet standards. The NAV team has indicated the a mobile and web wallet build is high on their list of priorities.
Bip 38 -passphrase protected private key
Bip 38 is the capability to encrypt and encode a passphrase protected private key; typically intended for use on paper wallets and physical coins. Users will now have the option of passphrase encrypted secure offline storage.
Bip 100 – floating block size hard unit
Bip 100 increase the maximum block size to 20MB, and the maximum size for mined blocks to 10MB. The Block size will be dynamic and change in response to the volume of transactions. This future proofs the coin to be capable of handling all the perceived future transaction volumes.
"The goal of the NAV coin swap is to improve the performance of NAV for it's investors and give us the code base to launch NAV into a strong future. Our future will be development heavy; we pride NAV on being a tech strong coin and we like keep on the cutting edge of altcion technology – after all we are nerds."
Bip 32 is considered one of the key updates in moving crypto currencies forward into a modern user-friendly place. It is the capability to generate wallet addressed from a single private seed, which allows the user to regenerate key pairs from the seed if the wallet is lost. Thus back up frequency is reduced. This wallet generation method is compliant with web & mobile wallet standards. The NAV team has indicated the a mobile and web wallet build is high on their list of priorities.
Bip 38 -passphrase protected private key
Bip 38 is the capability to encrypt and encode a passphrase protected private key; typically intended for use on paper wallets and physical coins. Users will now have the option of passphrase encrypted secure offline storage.
Bip 100 – floating block size hard unit
Bip 100 increase the maximum block size to 20MB, and the maximum size for mined blocks to 10MB. The Block size will be dynamic and change in response to the volume of transactions. This future proofs the coin to be capable of handling all the perceived future transaction volumes.
