Ever since December 21th, 2018 you are no longer required to have all your coins connected on your Hot Wallet to consistently stake. This allows you to participate in staking the network while also keeping your coins offline for added protection.
The individual reward depends on the Block Reward, Block Time, Daily Network Rewards and Total Staked.
Every block one staker is randomly selected whereas 1 staked coin counts as one “lottery ticket”. The selected staker has the right to create a new block and broadcast it to the network. He then receives the block reward and the fees of all transactions successfully included in this block.
In our Staking Calculator you can play with the above mentioned metrics to understand the dynamics and create all kinds of reward scenarios.
NavCoin has an anonymous founder and is therefore a community-driven project. Since 2016 Craig MacGregor is leading the core development team.
To stake NAV coins it is recommended to run the official NavCoin Core wallet with an entire copy of the blockchain on your Computer or a Virtual Private Server (VPS).
To get the highest possible rewards, please make sure to stay online 24/7 and keep the wallet unlocked for staking only.
Staking NavCoin is safe as long you protect your private keys. There is no risk of slashing.
NavCoin is one of the oldest cryptocurrencies to focus on privacy and anonymity in decentralized digital transactions. It is characterized by its fast, optionally private and easy-to-use interface, and is largely driven by its own community.
NavCoin is a community-run network that was started in 2014 as SummerCoin. It initially used Proof of Work, but quickly made the shift to Proof of Stake. With no ICO or premine, NavCoin has always been self – funded to ensure a fair distribution and that everyone has a chance to get involved.
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