NAV Coin is a digital currency which is based on Satoshi Nakamoto’s open source Bitcoin Core. The system is peer-to-peer; users can transact directly without needing a centralized authority like a bank or credit card issuer to verify transactions.
When a transaction takes place, it is recorded on a decentralized public ledger called a block chain. These transactions are peer verified by other users of NAV Coin through a process called mining. Anyone who opts into mining is rewarded with NAV Coin for their efforts.
With NAV Coin, you are able to send money to anyone, anywhere in the world within 30 seconds and all for only 0.001 NAV Coins per transaction.
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