July Updates
Gm Navigators!
Let’s start with the most recent turn of events. As an unexpected move, Navcoin has been delisted off Binance. As disappointing as this is, it does not interfere with our end goal of operating as a fully private blockchain. CEXs have mostly been a stepping stone in facilitating easier acquisition of $NAV, however DEXs such as AtomicDEX and PancakeSwap have caught up and offer just as good of a user experience, just without the centralization. Our community remains united — standing up for digital autonomy and anonymity is a constant that does not wane based on market activity. As Zcash founder Zooko said in a recent UpOnly episode about why shielded transactions are so important:
My reason is I don’t want anyone to be able to link my future actions to my previous ones. (…) This is for all kinds of reasons like personal safety, competitive analysis in business and most of all because it is bad for society — for people — to lose their dignity, freedom and choice. We don’t want to live in that world.
Now back to Navcoin. Private NFTs and confidential tokens have officially dropped on mainnet. The DAO consultation has been successfully approved with a 77.1% rate and both features are now available to use. A detailed guide on how to mint a private token on our blockchain will follow shortly.
Whisper Wallet is still under review from both app stores, yet should be accepted any day now. Once public, trying out the new private NFTs and tokens feature will be more accessible than ever.
The payment request for the “GRS Market Making” Super Proposal is currently in its fourth voting cycle sitting at 74% acceptance and 80% participation. For it to pass it will need to reach a 90% acceptance and 75% quorum rate in one of eight cycles. This is a reminder for those reading who want to help shape the direction Navcoin is headed towards, to cast their vote if they have not already.
July has been a development-focused month. Anquii has released BLSCT v1 for Swift (macOS+iOS). Since Swift is an Apple programming language, this integration opens a lot of doors for future app development based on the Navcoin privacy protocol. BLSCT v1 can derive private and public keys and encode or decode addresses, as well as the private view or spend key. As a future step, support for transactions will be added in a future release. For now the whole progress can be tracked via github.
In April we announced the rebase of the Navcoin protocol to the latest bitcoin codebase. This entails forking Bitcoin Core 0.23, building a new blockchain on top of it, and enabling a new private Proof of Stake protocol which allows for the staking of xNAV. The process is coming along nicely and for those interested, check out the #core-dev Discord channel for closer developments.
And lastly, the restructuring proposal for navigators.social is final. After running it by the community to see it approved, the changes will be built into the social mining platform and it will be reopened.
Closing this long on July and may August be a green month for all. We remain optimistic.
