I felt there is a lot of misconception about Valence, so I decided to make an informational thread to clear some things up.
Valence will be a major upgrade (and replacement) of the current subchain of NAV. The current subchain is used only for the sole purpose of private transactions, the new one will be something much more interesting. Dual blockchain is something NAV has had since 2014, and this technology is something more companies/cryptos are starting to take note of.
Some quick info about Valence
Valence will have its own tokens upon its release, but these will be only used for micropayments to write data on the blockchain, so NavCoin will still be the main currency to buy. You can compare this organisation with NEO and GAS. Where NAV=NEO, GAS=VALE. However, these cryptos are fundamentally quite different.
The Valence platform is also a different concept than Ethereum for example, because it doesn’t store app code on the chain. This particular ADapp platform concept is unique as far as I know.
Quote from one of the devs (Paul): “The advantage of not storing app code on the chain is that real world Business Applications can be applied today in current business models, while offering a path to new and greater blockchain offerings.”
Companies want to have code stored on their servers or website, not on the blockchain. This makes modifications faster and easier. This also means that you can use any programming language that has an extension to interact with Valence. In addition, it slims down the amount of data on the blockchain, which is beneficial for logical reasons.
For any further info about Valence
https://navcoin.org/news/welcome-to-valence/
https://navcoin.org/news/building-a-stronger-better-navcoin/
When is the whitepaper release?
Quote from the lead dev of NAV (Craig): "The NAV team is currently working on 1 more Valence article and there will be some more explainers off the back of the whitepaper to de-technify it a bit, before the release of the actual whitepaper." It will be Q1 for sure, but any actual deadline is left out and a lot of misinformation about its release date have been spread around.
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