300 Articles 1 Followers
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.
3 Dec 2024 1 minute read 0 comments Kyzerd
Hello Have you jumped the nano xno train yet? I have been writing about Nano for sometime trying to get your hands on some. I have been looking at the graphs lately and yeah of course seen the Ripple break out and I noticed the Nano break out. They s...
4 Nov 2024 3 minute read 16 comments Aaronaa
And so the preparations for the treasure expedition to Old Crab Island were in full swing. Even Jack, who had initially been vehemently opposed to the idea, volunteered. “I’ll be more useful there than here!” he said sarcastically, but he immedia...
27 Oct 2024 3 minute read 4 comments NanoWatchman
Adaptability and innovation are critical to staying ahead. Publish0x, as a platform, (that rewards both content creators and readers with cryptocurrency) has already embraced this vision. To further enhance its value proposition and user experience,...
11 Oct 2024 1 minute read 0 comments RocketEnthusiast
For a while now, I've had a tiny stack of Nano (XNO). I've acquired it from various faucets and apps, just letting it accumulate. Most of my XNO came from the TipNano app, which is one of the regular faucets I roll. It's simple, reputable, and has ne...
7 Oct 2024 2 minute read 0 comments RenanBR
Original source: Criptomedia (criptomedia.com.br) - portuguese version Banano is a feeless, instant, rich in potassium cryptocurrency powered by DAG technology disrupting the meme economy. First of all I would like to offer some bananas in this Banan...
5 Oct 2024 2 minute read 4 comments RenanBR
Original source: Criptomedia (criptomedia.com.br) - portuguese version Nano is a digital currency for everyone, without fees. It doesn't cost anything to send nano, making it practical and inclusive for all the world. Without relying on mining, print...
28 Sep 2024 3 minute read 5 comments Great White Snark
I've done a bit of a dig into Tangled and Millix and found a few alarming things: KYC in the Extreme Unless I provide a whole lot of personally identifying information (such as my real name, tax number, copies of my ID document and photos of me holdi...
27 Sep 2024 1 minute read 2 comments Great White Snark
I'm having a little trouble with both Atomic Wallet and Exodus. Specifically, I'm having trouble with the Nano (XNO) address/component of these multi-account wallets. In the case of Atomic, I get the error message shown below: Nano sending operation...
23 Aug 2024 2 minute read 0 comments WinterYeti
If you want to tinker around with a fake form of cryptomining that actually provides some social benefit, Folding@Home has been a long-time favorite. The platform provides for the decentralized approach to protein-folding, which has become essential...
26 Jun 2024 3 minute read 0 comments BtcSapiens
Welcome to the wild and whimsical world of Banano, the edible cryptocurrency that's turning heads and tickling taste buds. If you’ve been hearing whispers about a coin that’s as fun as it is functional, you’ve come to the right place. Let’s dive into...
