[2024] August Updates
Navigators!
There are plenty of projects out there focused on decentralized private transactions, but the level of privacy and implementation varies widely. It’s worth remembering where Navio fits in all this. We are a small project, built, backed, and maintained by the community — no seed rounds, no corporate money. Yet, we have created the PoPS blockchain, something unique that even bigger projects haven’t pulled off. It stays true to our mission: making private transactions accessible to anyone who needs them.
So, who knows what the future holds? What’s certain is that anyone who wants to join and contribute will be welcomed. And that is something to take pride in.
Main developments have been steadily progressing, with a series of core issues and bugs being fixed. You can view a list of recent changes here. At this rate, a stress test to assess our network’s performance and stability can be expected in about two months’ time. The goal is to make sure Navio is fully scalable once launched on main.
The new blockchain is already being put to good use. User sakdeniz is building a Navio block explorer to index transactions, integrate API support for third-party software, and there’s a cheeky little surprise if you check out this link. ;) The explorer supports both the current and testnet blockchains and gives just enough transaction information as a private blockchain allows.
In just under two years since its inauguration, the Private Finance Syndicate has surpassed the 1,000 followers milestone on X. Most importantly, this growth is entirely organic, driven by real people who are passionate about privacy and community. The milestone is a clear sign of the growing demand for privacy-focused financial solutions and further evidence that privacy tech is on the rise.
Another noteworthy development has been Monero’s impressive recovery after being delisted from Binance, completely retracing the negative price action. As the most popular privacy coin, this can be seen as a strong indicator of the general sentiment toward privacy tech.
This growing awareness also coincides with the recent arrest of Telegram founder Pavel Durov on charges of cybercriminal activity. With concerns over digital privacy escalating, more people are rightfully seeking out encrypted communication, which is leading them further down the rabbit hole to seek out anonymous and encrypted transaction methods.
On a more positive note, an anonymous donor has contributed 100 ETH to the ‘Free Pertsev & Storm’ campaign, significantly boosting their legal defense fund. This case is likely to be a landmark trial on the question of whether a developer can be held accountable for the actions of others using the software they created.
Until the next one. Cheers!
