Asch XAS to NavCoin NAV Exchange

Crypto Pair Details: XAS to NAV

Asch XAS

ASCH is a new generation block chain innovation application development platform based on side chain structure which is efficient, flexible, safe, low-cost and reused. With the use of JavaScript as its application programming language, the platform makes use of relational databases to store data, drawing similarities between developing a DAPP and developing a traditional web application. This type of platform carries a great deal of appeal to developers, as well as small and medium enterprises, since its ease of use results in greater productivity, fuelling and facilitating a more prosperous ecosystem in the process. ASCH is open in design and is not limited to any particular niche market such as news aggregation, the issue of assets, arbitration, the existence of certificate, property rights certification, the Internet of things, supply chain finance, asset digitization, commodity tracing, prepaid card system, block chain contract deposit etc. In terms of the consensus mechanism, ASCH has inherited and enhanced the DPOS algorithm, simultaneously reducing the probability of forking and double spending by a significant degree. Furthermore, ASCH’S side chain, i.e. the application mode, not only improves scalability by delaying the expansion of the block chain, but also makes DAPPS more flexible and personalized. ASCH is a forward-looking, low-cost and one-stop application solution, which is believed to be a new generation of incubator for decentralized applications. Adhering to the values of enterprise accomplishments, innovation leading, technology belief and embracing future, ASCH is devoted to building a global commercial block chain application ecosystem, which is not only using block chain technology to empower various industries, but also being the base of the world class economy. The services provided by the ASCH platform include a public chain and a set of application SDKs; the public chain is called the main chain. The ASCH application SDKs can be used to develop blockchain applications with a free-running, immutable ledger. These applications are also known as side chain applications. An application SDK has a built-in cross-chain protocol, through which the side chain can communicate with the main chain. In other words, the main chain has the function of asset routing, through which a variety of assets can flow among different applications. ASCH’s ecological system contains multiple chains, with each chain possessing the ability to carry multiple tokens or assets. Each token or asset can also be transferred to multiple chains.

NavCoin NAV

NavCoin is a decentralized cryptocurrency that uses the peer-to-peer blockchain technology to operate with no central authority managing its transactions. The issuance of NavCoin is carried out collectively by the network of miners and joint development by the NavCoin commmunity. The project is open-source and decentralized. Nobody owns or have complete controls over the cryptocurrency. The NavCoin project is open source and available for everyone to take part. NavCoin was known as Navajo Coin, which was rebranding from SummerCoinv2. NavCoin is cryptocurrency designed to be anonymous and simple to use. Established in 2014, it belongs to an older class of cryptocurrencies that came before the current wave of ICOs. NavCoin has stood the test of time well. Over the past four years it has implemented various upgrades, features, and improvements. The team is dedicated and knowledgeable, and as a result the platform has seen consistent growth. However, NavCoin has not seen the kind of growth that the other competitors in the race to be the top privacy coin have seen. Dash, Zcash, and Monero have all outstripped NavCoin in terms of adoption and funding. Recently, the project has seen a comeback, as they’ve begun to emphasize design, usability, and experience. NavCoin wants to make it simple and fast to use private transactions. Since the early days, one of NavCoin’s strong suits has been its fast transaction times. NavCoin sees block confirmations every thirty seconds as opposed to Bitcoin’s ten minutes. This is faster than Monero (2 minutes) and Zcash (2.5 minutes). Dash also averages about 2.5 minute block times, but its masternodes make it possible to send instant transactions. That said, NavCoin has the fastest standard block time of any privacy coin. These fast transactions aren’t expensive either. Where currencies like Bitcoin and Ethereum are having trouble with high miner fees, NavCoin keeps its transaction costs low. The average fee is only 0.0001 NAV to send a standard transaction. Private, encrypted transactions can be more expensive. While most other cryptocurrencies implement some form of proof of work mining, NavCoin was among the first to implement proof of stake. Proof of stake relies on users putting up a portion of their NAV holdings in order to gain an opportunity to create a new block. If the network ratifies the new block you created, you’ll receive an award. If your block is bad or contains fraudulent transactions, the proof of work algorithm takes away all the coins you staked. This incentivizes honest block creation. With NavCoin, it’s possible to earn a 5% interest from staking your NAV. In order to do so, however, you’ll need to operate a staking node on the network. You can do this on your computer by downloading the NavCoin Core client and setting the amount of NAV you want to stake. The team behind NavCoin and Valence is Encrypt S Ltd. However, it’s an open source project. As such, they’ve built up a big community following, and anyone can contribute. NavCoin features a very active development team. New updates come out regularly, usually every week. The Lead Engineer is Crag MacGregor. He is also CEO of Encrypt S Ltd. They’re the blockchain development company behind the NavCoin project. He’s from New Zealand. Nav is also one of the most beautiful, easily understood coins out there. This is in large part thanks to their marketing and creative team. NavCoin’s focus on style, branding, and communication sets them apart in blockchain space. Usability is important for adoption of any early-stage project, and it’s nice to see NavCoin taking this element of the platform seriously. Check out CoinBureau for the full review of NavCoin.

SOURCE: COINGECKO

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