Nano

Nano is a cryptocurrency that was formerly called Raiblocks and focuses on providing payment solutions. Nano counts with instant transactions, zero transaction fees and a high degree of scalability.

nano
Nano


Description

Nano coin counts with instant transactions, zero transaction fees and a high degree of scalability.

Instant transactions

Nano transactions happen immediately, so it’s a currency you can use every day for purchases large or small.

Zero fees

Pay for the purchase, not the privilege – zero fees on whatever you buy, from bus ticket to business class flight.

Infinitely scalable

Nano can process over 1000x more transactions per second than Bitcoin, so you’ll never get stuck in a queue.

Nano Cryptocurrency Review

Nano coin Advantage

Each account has their own blockchain

With Nano, each account has their own blockchain as part of a larger directed acyclic graph.

Each individual user provides the computational power for the verification of their own transactions, meaning entire network is not required to update the overall ledger together in massive blocks.

Wallets pre-cache the anti-spam Proof of Work

Wallets pre-cache the anti-spam Proof of Work for the next transaction once a transaction is sent, making transactions instantaneous, as both sides have the proof of work ready to go.

Running a node costs next to nothing

Because the protocol is incredibly lightweight and running a node costs next to nothing, Nano’s transactions are processed with no fees.

One transaction fits within a single UDP packet, and transactions are handled independently, eliminating any block size issue.

Nano coin Team

Colin LeMahieu – Creator & Lead Developer Russel Waters – Core Developer Mica Busch – Infrastructure Braden Napier – Infrastructure Zack Shapiro – iOS Developer Devin Alexander Torres – Desktop Developer George Coxon – Operations & Partnerships Tito Vecchione – Design Brian Pugh – Developer Josh Kleiman – Legal

Concept

The leading cryptocurrency Bitcoin has been criticized for the delays in payments and high transaction fees, that resulted from a higher level of adoption of the cryptocurrency in late 2017. Hence many opinion leaders in the crypto industry claimed that Bitcoin no longer serves as a means of payment and instead is just a store of value as for example gold. Other cryptocurrencies like Nano coin tried to fill this gap and are designed particularly for serving as payment solutions.

Resources

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