Read NANO News, Price Prediction, Opinion and Analyses Created By Users

Nano (NANO)

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Nano (NANO) is a cryptocurrency made by Colin LeMahied in 2017. It uses Directed Acyclic Graph (or DAG) technology and blockchain to address the main problems that Bitcoin still currently faces.

Started as RaiBlocks in 2017, Nano intends to solve the problems of scalability, high transaction fees, long transaction times and power intensive consensus mechanisms that Bitcoin faces today. Bitcoin can currently handle a small number - 7 transactions per second - with fees constantly rising as the blockchain load increases. Furthermore, the average transaction time for Bitcoin is around 160 minutes, which is much longer than many other blockchain projects.

The DAG that Nano uses is known as the Block Lattice and is a similar technology to that of Tangle from IOTA. The specific DAG that Nano has implemented allows for simultaneous transactions to occur as each different account on the Nano network will have its own private blockchain. This private blockchain provided to the user is updated asynchronously to the rest of the Block Lattice which allows for transactions to occur simultaneously. This results in an improved latency due to the dual-transaction mechanism that requires both senders and receivers to verify a transaction, thus removing the need for miners and completely eliminates transaction fees.

As there are no miners on the Nano network, it is secured by a Delegated-Proof-of-Stake (DPoS) consensus mechanism. This involves elected delegates voting on which transactions to verify if any problems arise within the network. The removal of miners and use of DPoS means that the network will not be subject to mining centralization and is not as power-intensive as the Bitcoin consensus Proof of Work (PoW) mechanism is.

In this tag you can discover Nano (NANO) news, price prediction, opinion and analyses created by users.

Nano - The Future of Crypto !

22 Jun 2021 5 minute read 0 comments SubhanSJ

The basics of Nano Nano is a digital payment protocol designed to be accessible and lightweight, with a focus on removing inefficiencies present in other cryptocurrencies. With ultrafast transactions and zero fees on a secure, green and decentralized...

Swap Bitcoin for Nano, save the planet.

11 Jun 2021 5 minute read 9 comments SenatusSPQR

In this article I argue that swapping your Bitcoin for Nano is one of the most impactful, positive things you can do for the planet. This article describes why such a swap also makes sense from an investment perspective. Bitcoin’s environmental impac...

My First Steps Into Crypto : PlayNano

10 Jun 2021 1 minute read 0 comments PetitGourou

First : What is Nano ? Nano is a cryptocurrency that is lightweight and guarantees fast transactions with zero fees : it is a peer-to-peer crypto. The network is secure, green and decentralized. Its design is completely different from traditional blo...

NANO Update: All The Backlog Has Been Clear

31 May 2021 1 minute read 1 comment Cryptopeach

Hello, Great news from Nano blockchain, after the spam attack on the blockchain all the transactions have been clear and Nano is back to full speed and as always without fees. As you may know sometime ago Nano was a victim of a Spam Attack, millions...

How to aquire some Banano now that the Nano is flowing

29 May 2021 1 minute read 6 comments Colgate

So I was not meaning to write a blog today but I got a notification I had not seen for awhile, some nano arrived in my wallet! Now anyone who has seen my blog know I have a little love affair with Nanos little bustard cousin Banano. However Bananonis...

Musk, His Flock of Sheep and The Power of Stupid People

15 May 2021 1 minute read 9 comments Sir Loin

Two days ago the self-proclaimed imperator of Mars who declared that Bitcoin is an enemy of the environment continued the topic: "The company is looking at other cryptocurrencies that use

The hype with MEME coins continues! An only 56 mil marketcap meme coin is trying to compete with DOGE, SAFEMOON, SHIBA inu or AKITA inu

14 May 2021 2 minute read 4 comments VNFC

What should I say when FOMO these days in crypto is for going up into MEME hype? Coins like DOGE - 64 bn MarketCap, SafeMoon, Shiba Inu, Akita Inu ) with tons of billions of coins and huge MarketCap could have another (but older) competitor in this p...

We Dip Again, Remain Calm

13 May 2021 1 minute read 0 comments Cryptopeach

Hello, Today the market had a big dip again, with millions of orders of BTC being liquidated the market suffered.  In this particular moments you have to remain calm and don't jump into conclusions, this dips always bring people to say that the bear...

Tesla vs Bitcoin: 3-0 - the new move of Elon than made BTC fall

13 May 2021 1 minute read 0 comments VNFC

We are living such a volatile market that could indicate we are still in a so early era for crypto market that we cannot be sure of the trend in this market. We are in a bull period and after few hours we could be in a bear market, just for a fact th...

Show Us What You Got! BANANO BOOSTER Announcement (Hackathon + project funding for Banano&Nano)

10 May 2021 5 minute read 5 comments banano

Backed by next generation DAG tech and potassium, BANANO is a cryptocurrency getting into your wallet fast, feelessly, and with loads of fun. BANANO is distributed for free to everyone. Its easy-to-use technology onboards normies and crypto-noobs wit...