[2023] November Updates
Navigators,
This space is usually composed of two kinds of people. Those focused on trading and those focused on the tech. The past month has likely brought a lot of joy to the former, yet it is those who focus on the technology’s long-term success that have the most to gain. Particularly in the realm of privacy infrastructure, where real-world needs and use cases prevail. And so, to all the true believers, we salute you!
Now, let’s dive into the updates. Here’s a quick overview of our latest core development progress for the month:
Genesis Block Creation Functions: Our devs have successfully implemented key functions for the creation of the genesis block, a crucial step in bringing our new core development forward.
Local Regtest Network Testing: Rigorous testing of a local Regtest network has been completed, ensuring smooth sailing. To test it for yourselves, follow this guide.
Clone the Repository:
Go to https://github.com/navcoin/navcoin and follow the repository’s instructions.
Execute the Following Actions:
- Run Node:
./src/navcoind --blsctregtest --printtoconsole - Create Wallet:
./src/navcoin-wallet -blsct -chain=blsctregtest -wallet=wallet_name create - Load Wallet:
./src/navcoin-cli --blsctregtest loadwallet wallet_name - Get Address:
./src/navcoin-cli --blsctregtest -rpcwallet=wallet_name getnewaddress "" "blsct" - Generate Blocks:
./src/navcoin-cli --blsctregtest -rpcwallet=wallet_name generatetoblsctaddress 100 $(./src/navcoin-cli --blsctregtest -rpcwallet=wallet_name getnewaddress "" "blsct")
We appreciate any feedback you can share with us in our Discord after testing.
In other developments, Navcoin is now listed on Nonkyc, with the following trading pairs: NAV/XMR, NAV/USDT, NAV/BTC, NAV/LTC as well as wNAV integration. This means that using the Navcoin bridge has gotten even more accessible.
The PFS Newsletter for November is out, covering essential updates in the PriFi space, including insights into Ethereum’s Nocturne protocol and more regulatory conondrums.
EU lawmakers may require crypto firms to verify identities in transactions under €1,000; and of course they are just doing it for your security, to stop terrorists.. Do not believe them a single word; all they seek is control!
We also want to highlight last month’s call for developers to join Navcoin. We’re looking for people who share the same vision as us, are committed to the privacy space and who want to see their products thrive. You bring the vision — we have the resources. Take this as an invitation to spread the word if you know of any fitting candidates.
Lastly, in privacy news, Tornado Cash has gotten support from the Blockchain Association. The Tornado Team has taken legal action against the United States Treasury’s Office of Foreign Assets Control (OFAC) over sanctions imposed upon their crypto mixer. To counter, the Blockchain Association asserts that Tornado Cash operates without a central operator, functioning automatically without human intervention or assistance. This is a hallmark of the DeFi space. How much longer will it take for governing bodies to understand what decentralization really is?
Until the next one,
Cheers.
