Bitcoin Press Release : In late July, the Nav team announced that their Electrum Mobile Wallet had gone live. This news came off the back of a successful coin swap, giving Nav Coin a modern code base that is a platform for a huge range of possible new features. One feature already released since the upgrade is the POS (proof of stake) web wallet, available at poswallet.com . NAV is starting to gain serious interest from investors, with a price increase following each new feature release.
This interest is driven by Nav Coin’s place at the cutting edge of crypto technology. Their release of the world’s first mobile wallet for an X13 coin marks their second groundbreaking advance in the crypto world – their first being development of the world’s first fully anonymous cryptocurrency. This full anonymity is made possible by an Anonymous Transaction Network, which runs using a private subchain.
The new mobile wallet uses its own custom version of Electrum, which the Nav team have open-sourced on their GitHub account.
The team behind Nav Coin, a proof of stake currency, like to keep things light and user-friendly, and this is their reasoning behind building a mobile wallet using their own custom version of Electrum.
They said: “We chose to use an Electrum-based wallet because of their extraordinary lightweight technology. No one wants to carry the blockchain around on their phone, and we love Electrum’s light chain.”
Rather than relying on full download of the blockchain, the light chain carries out time-lapsed check-ins of the headings.
A number of other features of the mobile wallet were discussed in the team’s latest announcement. An excerpt follows. “It has improved battery and data usage because of its light chain (the data use is near zero). It is always on and ready to use, as there’s no […]
