NAV coin has announced a long list of improvements coming in next update to NAV Coin and there will be coin swap to bring more features. Upon this announcement, the markets seem to be responding with a price surge.

NAV coin is one of the alternative cryptocurrencies and claims the title of being the world’s first anonymous cryptocurrency. The upgrade in the website stated that, coin swap is necessary to make improvements so that, everyone can get onto the new blockchain with new features. It also stated that, to avail this, users have to send their coins to their Bittrex account anytime before 31 May, 2016 and the coins will be automatically switched to the new coins on 31 May.

All coins will be swapped at a value of 1:1 and the users’ coins will retain the same value. The NAV Development Team told The Merkle in a mail that, “The goal of the NAV coin swap is to improve the performance of NAV for it’s investors and give us the code base to launch NAV into a strong future. Our future will be development heavy; we pride NAV on being a tech strong coin and we like keep on the cutting edge of altcoin technology – after all we are nerds.”

New features are all new technical improvements and it includes full automatic TOR implementation, protocol version and user agent, URI scheme, duplicate transactions, pong messages, hierarchical deterministic wallets, floating block size hard limit etc. to manage the swap process, NAV coin has arranged for Bittrex exchange.

Bittrex have performed many of these coin swaps in the past and have had no previous issues. Users can now connect to the Bittrex exchange through their API key. This will opens up opportunities to directly trade NAV within the wallet. Also it will pave way for developers enabled encrypted wallet-to-wallet private messaging.