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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.

Top coins for payments you haven’t thought of before

22 Sep 2022 5 minute read 3 comments NOWPayments

Most crypto users tend to stick to the most popular currencies like Bitcoin and Ethereum for payments. Currently, Bitcoin payments account for around 86% of all crypto transactions.  Unfortunately, the Bitcoin network has so far proven to be too slow...

Top 5 reasons to accept Nano for subscriptions

19 Sep 2022 3 minute read 4 comments NOWPayments

The primary reason behind cryptocurrencies’ struggle to gain wider adoption is the complexity related to the technology. Nano is looking to change this status quo by offering a cryptocurrency that facilitates local and international payments and make...

Nano Community Initiatives: 3 stories

15 Sep 2022 3 minute read 0 comments El Perfil Bajo

Hello, I am Karl, Nano community ambassador, a.k.a El Perfil Bajo. Some of my passions are building community, enduring the pioneer path, creating and actually executing the plans to achieve the impact I seek to see made a reality. A trace of this ar...

Top 10 cryptocurrencies with lower fees than Bitcoin

7 Sep 2022 8 minute read 18 comments NOWPayments

When you decide to start accepting crypto as a payment method, first of all, your eyes are drawn to Bitcoin. No wonder Bitcoin is the most popular cryptocurrency, and the acceptance of BTC payments will help make your business truly borderless. Howev...

PAW Tribes (Validator Nodes) Installation Tutorial (with custom vanity tribes address)

17 Aug 2022 2 minute read 0 comments otomatis

In this tutorial i recomended using Contabo (choose the NVME DISK!) and Vultr (SSD okay, but better NVME) for most of my testnet (also for some mainnet nodes). Why i'm not recomend the SSD Disk? Sometimes you may got out of sync. I've test it on nvme...

Firsthand XNO News. Top 7 Nano Influencers

12 Aug 2022 3 minute read 1 comment 7b Crypto Trading Wallet

When it comes to crypto market, blockchain enthusiasts that share their opinion and insights may have strong influence on cryptocurrency users. Crypto influencers are strong supporters of anything cryptocurrency, and while they are doing so, they als...

Nano cryptocurrency explained

29 Jul 2022 5 minute read 2 comments NOWPayments

Nano provides an infrastructure for next-gen peer-to-peer transactions by utilizing blockchain technology. The XNO cryptocurrency is the native coin of nano. Since the nano network is highly efficient and versatile, nano can be used in numerous conte...

Introducing RaptorChain, an innovative EVM network

27 Jul 2022 1 minute read 0 comments yanis

Blockchain ecosystem is still in early development stages, where many innovative solutions appear. RaptorChain is part of these innovative solutions !   How does it work ? RaptorChain can be described as a semi-asynchronous EVM network, as if ethereu...

2 excellent ways to earn Nano

22 Jul 2022 1 minute read 0 comments Kyzerd

Nano has been around for some time at the moment it is roughly trading just under 1$ and it will get higher I am a big fan especially because you can get it for free I have two potential sources for you both of which I will share my affiliate link so...

Nano Nano, would Mork from Ork be proud? Not really, Delegated PoS = Representative Voting with lots of hack attack surfaces

13 Jul 2022 4 minute read 7 comments Thunderboltkid

If Mork was around to read recent posts on Nano in publish0x, he'd probably gag, Mindy I am not so sure.. Given Robin Williams, RIP  was one smart dude, and could figure out whether nano was worthy ;)   Nano Nano not so fast... To me  the recent dis...