NAVCOIN is a cryptocurrency designed to be anonymous and simple to use. It also has one of the fastest transaction times, seeing new block transactions every thirty seconds (compared with Bitcoin’s every ten minutes). Despite rapid transaction and processing time, NAVCOIN has also been able to keep its transaction fees low. On average it costs 0.0001 NAV to send a standard transaction.
NAV was developed as a privacy coin. What this means is that users are able to make secure and anonymous transactions using blockchain technology. However, it is also possible to make public transactions. Remaining anonymous is the user’s choice.