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.


How I Earn Nano For Free... Every Month

2 days ago 1 minute read KeenanRIVALS $2.10 tipped

It's been a while since I've made a blog here, partially due to the fact that not much has changed in this space. Up until now, I've given you guys all my tips & tricks, but this one, this new one, maybe the best of them all. You guys have heard of...

Nano (NANO) Price Prediction 2020 - $3.50 Possible?

1 week ago 6 minute read CryptoChartWizard91 $5.27 tipped

Nano has seen a very flat year of trading in 2019 as the cryptocurrency pretty much trades around the same price as it did when 2019 opened to trading. Although this could be seen as a positive action, especially when we consider that the majoirty of...

Why am I holding a meme-coin? #ShowYourPortfolio

12 Jul 2019 4 minute read Deiv $0.10 tipped

In order to explain why I am currently holding a (specific) meme-coin, and also why I’m genuinely sure they are they key for a true mass adoption, it’s necessary to give some context first. The first time I heard about cryptocurrencies was during Dec...

What is Nano (NANO)? [A comprehensive Guide to Understanding NANO]

7 Nov 2019 6 minute read Mr.CryptoWiki $4.85 tipped

While the growth and development of smart contracts platforms has seen Distributed Ledger Technologies (DLTs) vastly expand its set of potential use cases, the primary goal of these technologies still seem to be upending the financial paradigm by rep...

NANO / USDT technical analysis [BINANCE]

4 Nov 2019 2 minute read MrBullishSail $0.75 tipped

NANO seen from the temporality of 1W we can see how the candle structure has formed a descending wedge where we can see a clear ABC pattern of fall, this type of pattern usually result in a subsequent bullish impulse to point B of the structure,...

Unreal Engine 4 games get crypto transactions with Nano plug-in

15 Oct 2019 2 minute read KeenanRIVALS $0.65 tipped

Developers from the cryptocurrency Nano have built a plug-in that adds cryptocurrency transactions to games built using the popular Unreal Engine 4. The new plugin lets users pay for in-game items in the Nano cryptocurrency—and also get paid. It is...

Here's why you should know NANO and BANANO Currency.

21 Sep 2019 3 minute read zulonga $3.00 tipped

Introduction Through this site, I got to know the BANANO (BAN) project that seemed really promising and interesting. Right after joining Banano's telegram groups, I started researching the NANO that I had previously known only because of my graphical...

Nano Slots Is Now Live!

14 Sep 2019 1 minute read KeenanRIVALS $0.15 tipped

I've always seen crypto betting websites and just never felt comfortable utilizing them. A big part of that was due to my lack of investment and the excepted cryptocurrencies, many of the platforms were built around coins that I didn't support, like...

Nano POS x Kappture: This Is What Decentralization Looks Like

10 Sep 2019 1 minute read KeenanRIVALS $1.20 tipped

When you invest in a project, what do you look for? I'm assuming most of you answered that question with "The Tech". Makes sense, but for me, I'm looking at the community. People tend to forget that's what this whole movement is about. Decentralizati...

NANO price analysis - won't rise.

9 Sep 2019 2 minute read zulonga $1.32 tipped

Introduction NANO cryptocurrency is a very ambitious and interesting project that has helped countless people since its launch. Recently, much has been said about the value of its asset, speculating that during the current bull run its price may reac...

Nano Gets Yahoo Finance Spotlight

4 Sep 2019 1 minute read KeenanRIVALS $1.91 tipped

How many of you have seen the Interactive Bird Feeder Live stream over on YouTube? For those who didn't here's the link. The concept is pretty simple, these birds need food and Mr. Dove is willing to feed them with help from the community. What he di...

$9,800 NANO? Colin Gives His Price Prediction On Nano!

2 Sep 2019 1 minute read KeenanRIVALS $0.70 tipped

Cryptofinder (Fred Schebesta) turned their attention this week to Colin LeMahieu, creator of Nano, and asked some interesting questions about the project. They touched on Nano's tech, distribution of the coin, as well as Colin's thoughts on stable co...

$100 Nano Coming Soon?

29 Aug 2019 2 minute read KeenanRIVALS $3.40 tipped

In 2017 one thing was consistent amongst crypto traders... they all thought the market would continue to rise. They didn't know what coin, but collectively many were convinced that the market cap would exceed 1 Trillion dollars. Fast forward to the f...