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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.
6 Sep 2022 1 minute read 17 comments ZeroRequiem
Today is the last day to get your votes in for Crypto of the Month. Be sure to vote before 8:00pm UTC ! This vote will determine the Cryptocurrency that I will use to payout the Monthly Giveaway reward for September. If you have not been keepi...
6 Jun 2022 2 minute read 3 comments Asmo
During these uncertain times when the prices of your favourite cryptocurrencies drop like crazy many investors, especially those with smaller starting capital, might be looking for additional ways of earning crypto to increase their wallet value for...
29 May 2022 1 minute read 0 comments Gajay756
Hello, in this post I will share a couple ways I tested to make a little bit of extra crypto playing online browser games! To not waste much time, let's get right into it :) NanoQuake This is an online Quake 3 game that you play and get rewa...
2 Apr 2022 6 minute read 0 comments Crypto Stimulus Check
General disclaimer: Nothing in this article should be interpreted as financial advice. Reading a whitepaper and article should be only the beginning of your own research, and nowhere near the entirety of it. Assume that the author owns every asset di...
12 Jan 2022 1 minute read 18 comments TrocProcLock
I just wanted to let you all know of 2 true faucets that are a must have staple in any crypto faucet repertoire. I found out about NanoFacuet.Online and BananoFaucet.online via a reddit post. This guy just casually posted about how he created 2 new...
22 Oct 2021 1 minute read 1 comment Nostalpouet
CryptoVision: A Revolutionary Website for Visionaries! Click here to join us ! CryptoVision is a revolutionary model of crypto-based video sharing. The website allows someone to pay a sum in Nano to share a Youtube video with spectators. The...
22 Sep 2021 2 minute read 2 comments cryptogod-1
Good day all, Welcome to the latest edition of CryptoGod-1s blog on all this crypto. Today we will be looking at the cryptocurrency Nano. What is Nano? First published in 2014 as Raiblolocks by its creator Colin LeMahieu,, with October 2015 seeing...
4 Sep 2021 2 minute read 0 comments Anton E
Hello, %publish0x_user%. Theory is good, but it will be enough. There will be a lot of practice. A lot of practice! We won't be boringly repeating what has already been said about financial technology hundreds of thousands of times, and we'll just en...
11 Jun 2021 1 minute read 9 comments SenatusSPQR
6 May 2021 1 minute read 1 comment Pk24
According to nano.org : "Nano makes money efficient for a more equal world - simple to pay with, easy to accept and open to all." Fee-less - Ecofriendly - Instant = 3 priorities about this project. According to wikipedia : "Development of Nano...
