Nano (XNO)

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Nano (XNO) 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 (XNO) news, price prediction, opinion and analyses created by users.

Get your free Nano here!!!

21 Feb 2024 1 minute read 0 comments tastymagazine

Nano is an alt-coin that most people don't know about.  Nano, is a cryptocurrency that has no transaction fees and is fast.  It also doesn't support mining, but instead using voting, so it uses less energy to validate.  It puts itself in the "clean e...

A simple way to create secure brain wallets for XNO (nano)

3 Feb 2024 3 minute read 1 comment I_g_o_r

Classical brain wallets (see [1]) are not secure and have the same problem as weak passwords: -they are easy reconstructed by hackers. In this post, we learn how to create secure brain wallets for XNO, using private dynamical passwords generators (DP...

TipNano Chat Rules: A Poem by SatoshiFailed (Moderator Thereof)

21 Jan 2024 1 minute read 0 comments Great White Snark

Here's a quick one to see us through to the end of the weekend: I turned part of one of SF's monologue rants into a poem (with some improvisation), for your enjoyment ... Once again,I find myself thinkingAbout such and such,But ultimately thinkingTha...

The Strength of Nano is a Weakness

15 Oct 2023 3 minute read 4 comments NKvM

Nano is a good cryptocurrency that has fell to the wayside. But we must ask ourselves why? As an older altcoin, it has weathered the storms, proven itself, but has not reclaimed its ATH. Some suggest that the very features which make Nano unique are...

Why I Prefer BCH and XNO to BTC and ETH, Not that it Currently Makes Much Difference

6 Oct 2023 7 minute read 1 comment Great White Snark

This post is brought to you courtesy of the financial crash/crisis of 2008 (a motivator for the development of Bitcoin and later cryptocurrencies) and a discussion thereon, on CVn. The whole financial crisis was insane. Even looking back on it from...

What are Ripple (XRP) Destination and Source Tags and Why are They Required by Some Exchanges?

12 Sep 2023 2 minute read 0 comments Great White Snark

For some reason or other that I can't remember, I ended up with ~17.99 Ripple (XRP) sitting in one of my multi-crypto wallets. Perhaps a friend sent it to me; I don't recall. Not being a fan of Ripple Labs (the project has made statements about havin...

[How To Guide] Mine Monero (XMR) on Android with Payout in Nano (XNO)

3 Sep 2023 2 minute read 3 comments NanoWatchman

Are you ready to start "mining" Nano (XNO) with your Android cell phone? Well now you can! Follow along in my step-by-step tutorial and you'll be collecting Nano payments within a few minutes!   Introduction: Nano (XNO) is a fully distributed non-inf...

How to Generate a Nano (XNO) Vanity Address with nano-vanity

23 Aug 2023 2 minute read 3 comments Great White Snark

Recently, I got it into my head that I want a custom/vanity Nano (XNO) address. After having no luck with NanoAddr (Firefox prevents the Web worker from running due to a security issue), I decided that this week I'll try nano-vanity (written in Rust)...

Say Goodbye Transaction Fees

21 Aug 2023 3 minute read 6 comments NanoWatchman

From the fees charged for wire transfers, to the costs charged to businesses for processing your daily credit card swipes, to Bitcoin miners and Ethereum’s gas fees... Everyday, the world economy spends hundreds of millions of dollars worth on fees...

NFT on WAXP - The new SyntVisioN

18 Aug 2023 1 minute read 0 comments babesugarbunny

CryptoVision is a community-centric initiative striving to establish a virtual realm that fosters a sense of belonging, creative expression and friendship. In pursuit of this, CVN is hosting different online spaces, including a website facilitating t...