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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.

CryptoCurrencies with no Transaction Fees

23 hours ago 1 minute read 0 comments Classik

I did some research and decided to make list of Cryptocurrencies with free transactions.List will be updated once I find new coins so let me know in the comments if there is anything else.   Nano Transactions: Less than second without fees.Wallet...

Why has Bitcoin still got market dominance?

23 Feb 2021 1 minute read 0 comments Ludenburh

In our minds and most other people's minds when we think of a cryptocurrency we think immediately of Bitcoin, this is because of whales and the media pushing it's name down our throats when there are plenty of better alternatives like NANO or XMR.  L...

The environmental idiocy of Bitcoin investment.

22 Feb 2021 3 minute read 3 comments SenatusSPQR

The environmental idiocy of Bitcoin investment. As most are well aware by now, Bitcoin is killing the planet. Tesla is widely derided for their Bitcoin purchase, while whataboutisms from Bitcoin holders are repeatedly shared on Twitter. Despite the w...

What could possibly go wrong, buying crypto on Binance ?

21 Feb 2021 1 minute read 2 comments Antonym007

Hey guys! Nice to meet you! I am one of those idiots, who ignored bitcoin for way too long and started to find out what it is about, now that it exploded AGAIN. I checked out some cryptocoins and tried to feel out which coin makes the most sense. In...

unMineable Miner

21 Feb 2021 1 minute read 1 comment lucky13

Hello users in a previous post he was a gpu miner.Now I present cpu & gpu miner (unMineable Miner)This is the simplest miner because i got a recommendation from a friend and it is great.Miner pays and that's the most important thing, for now I'm mini...

NANO, a Serious Case of Future Cash

20 Feb 2021 1 minute read 4 comments Cryptopeach

Have you ever made a transfer of NANO in your life? If your answer is no you should give it a try and i'm going to tell you why. NANO is DAG coin, this means that every transfer between wallets is without a fee. So you have 1 NANO in your Exodus...

I have some Nano News!

19 Feb 2021 2 minute read 24 comments TrocProcLock

It's been a while since I wrote about Nano but I wanted to head back around to Nano because I woke up to a nice surprise this morning. The app TipNano has re instated their referral program. I am a huge fan of Nano (and forks of Nano). It's a fast an...

New BANANO Airdrop to All Nano Holders with Non-Custodial Nano Wallets!

18 Feb 2021 6 minute read 15 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...

My first full NANO

17 Feb 2021 2 minute read 1 comment ola1

I recently became aware of the cryptocurrency NANO, that advertises itself as the cryptocurrency that Bitcoin was supposed to be. It is a fee-less, eco-friendly, and instant digital money. I began to do some research and found it interesting enough t...

Why Nano is a better store of value than Bitcoin

16 Feb 2021 5 minute read 19 comments SenatusSPQR

Why Nano is a better store of value than Bitcoin Let me start off by saying that I understand that I am making a bold claim. Bitcoin was the first cryptocurrency, has a $700 billion market cap, and has its own personal chadlike cheerleader. Seriousl...