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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.
11 Aug 2020 1 minute read 1 comment Jolo
Banano is a feeless, environmentally friendly and secure cryptocurrency with instant transactions! It is like a funny version of Nano. I has an total supply of 3.100.000.000! With his current price of 0.00131$ a marketcap from 1.445.000$(Rank 744 rig...
17 Jul 2020 1 minute read 0 comments Danyakot
Greetings, friends! Now there are many sites and applications for free mining, obtaining various cryptos. Personally, I have checked a large number of them. All of them had drawbacks: a high withdrawal limit, a low reward, the inability to withdraw f...
17 Jul 2020 1 minute read 1 comment seb_coolcrypto
In this article, I'll try to sum up what NANO is and how you can easily be a part of the project by earning some NANO by differents ways. Do not except to be rich tomorrow but try to see it like a game and personal growth and enrichment. WHAT IS NANO...
11 Jul 2020 1 minute read 11 comments Robertoit
The BANANO community is constantly expanding and has reached 2500 followers on Publish0x.It is time to celebrate.An airdrop of 200.000 BANANO was organized for all users of the site. Participation is very simple: just comment on the official airdrop...
4 Jul 2020 1 minute read 0 comments MrBitcoin
A NANO Project @ EarnAcademy What is EarnAcademy: You can earn real money (a cryptocurrency called Nano ) by learning about various topics and answering questions correctly. You will be paid for learning about NANO EarnAcademy is a project from 20...
25 Jun 2020 2 minute read 0 comments Lodhfiaz
One day i will become millionaire thanks to crypto. This phrase has probably crossed your mind at one point in your journey into the world of cryptocurrencies. When I started to have an interest in cryptocurrencies and blockchain projects, it was mor...
17 Jun 2020 3 minute read 0 comments at350
NANO is one crypto that I've gotten into recently. It's a great coin with an ever-increasing value, and my favorite part is that it's feeless and instant! If you want to get your hands on some Nano, here I'll be showing my favorite ways of getting Na...
6 May 2020 1 minute read 0 comments Robertoit
Nano was created in 2015. It is an open source, sustainable and secure digital currency, with the desire to remove the inefficiencies of existing cryptocurrencies.Nano wants to revolutionize the world economy through an ultrafast and cost-free networ...
20 Apr 2020 1 minute read 3 comments travis_bickle
Hello guys, today I want to share with you a couple of new places when you can earn a small portion of Nano cryptocurrency for free. First of all earn-nano.com a pretty good site when you can find all active Nano faucets at the moment. You may get so...
3 Mar 2020 1 minute read 0 comments Fresnel
Hello all! So as part of my exploration of the crypto world I have ended up with some Nano and Banano. I have collected a little but not a lot of value so far. One of the places I have found that has coin drops and rains is Nanogames. It like ma...
