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.
Contents
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 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 Price
The live Nano Coin price is available on COIN360 widget:
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.
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