NavCoin focuses on the development of a digital currency that enables lightning fast and cheap transactions. In the future, they will also support decentralized applications that are directly encoded in the blockchain.
NavCoin was originally created in June 2014 as SummerCoin (a fork of Bitcoin). The project has undergone a lot of rebranding and has finally been renamed NavCoin. NAV is a cryptocurrency based on Bitcoin, but the developers have changed several important functions of Bitcoin. First, NavCoin implements a secondary sub-chain known as NavTech.