Nano

Nano

XNO #443
B 61% L1 Protocol Watch

Project Safety Score: 61%

Updated 57 minutes ago
NanoXNO
Market Cap$56868918
24hr Volume$887029
24hr Change-2.2%
Price$0.426509
Coverage: 5 buckets · 100% resolved
Concerns raised - see Red Flags below
Scoring rubric: L1 / Protocol Coin - scored on network security, adoption, dev health, economic design, governance
Track
Record
95 AAA
100% · medium
Developer
Health
58 B
100% · medium
Network
Security
62 BB
100% · medium
Social
Behavioral
63 BB
60% · low
Adoption
& Liquidity
26 D
100% · high

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XNO Nano Details
Type
L1
Launched
2015
HQ
United States
Team
Doxxed
Layer 1 (L1)Payment SolutionsMade in USADirected Acyclic Graph (DAG)

Nano is a cryptocurrency established in December 2014, originally named RailBlocks. It employs a block-lattice data structure and a unique consensus algorithm called Open Representative Voting, which functions similarly to Proof of Stake without the inflationary rewards or locking of its native currency, XNO. Designed for efficiency, it supports low-power hardware and aims to facilitate everyday transactions with zero fees and minimal latency.

The architecture of Nano allows for scalability, as it utilizes individual blockchains for each account to streamline transaction processes and enhance security. This approach not only prevents access issues common in traditional blockchain systems but also maintains a decentralized network. The project focuses on developing its capabilities further while providing a high transaction throughput without the need for high-power mining resources.

Risk Report

Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.

Track record score 95 out of 100. The asset has a long operational history (11.4 years live) with no regulatory actions on public record and a generally clean incident profile (1 historical incident, rated 80). The combination of longevity plus limited formal enforcement and relatively contained incident history supports a strong safety view here.

Developer health score 58 out of 100. Activity appears moderate, with 3,525 GitHub stars and 803 forks. Recent contribution cadence is present but not high (18 commits in the last 4 weeks). PR participation is solid (90 PR contributors, rated 72), suggesting ongoing developer involvement, though overall output intensity keeps the score in the middle band.

Network security score 62 out of 100. Chain maturity is strong (11.4 years old, rated 100) and the supply is well-defined with a hard cap (133,248,297, rated 100). Incidents are not frequent (1 historical incident on record, rated 75) and circulating supply is complete (100% circulating, rated 100). The main drag is low economic security, reflected by a low economic security score (16) versus the project’s market cap.

Social and behavioral score 63 out of 100. Social audience data shows limited but measurable presence, with Twitter linked and Telegram at 4,075, and Reddit/others linked with limited audience details. Sentiment is balanced (50% up and 50% down). Public risk signals look relatively clean (0 allegations, 0 bad press, 0 regulatory mentions) with 1 incident noted, which helps keep this bucket in a moderate-to-good range.

Adoption and liquidity score 25 out of 100. Exchange listing breadth is reasonable (18 CEX listings, including 9 green-trust), but the score is weighed down by liquidity/usage signals: the market’s volume profile is very weak in the recent window (24h volume $887,029, with a daily volume metric of 0), and the asset is placed in the lowest market cap tier (market cap $56,868,918, tier 0). This makes near-term entry and exit conditions less favorable.

Inherent crypto risk: Even with a mid-to-strong overall safety rating, crypto assets remain exposed to market and execution risk. For Nano specifically, the network economic security score is low (16), and liquidity signals are weak (adoption and liquidity score 25), which together can amplify volatility and reduce resilience during stress events.

  • Colin LeMahieu - creator / founder
    Nano creator referenced in Nano Foundation materials and Nano whitepaper author metadata.
  • Red4Sec pass report ↗
    Technical vulnerability report for the Nano node/protocol code; the report includes findings across critical/high/medium/low categories and mitigation details.
View whitepaper ↗
Quality: medium
The document is a protocol whitepaper, but some parts may be outdated relative to current protocol behavior; Nano also maintains separate documentation pages that expand on topics from the original whitepaper. (No definitive statement about completeness or currency was found in the searched sources.)
Max supply: 133248297
  • Exchange hack / reported theft involving Nano (then XRB) custody 2018-02-09
    Italian exchange BitGrail announced a Nano theft and shutdown; reporting centered on a loss of Nano from wallets managed by BitGrail.
  • Published security audit report for Nano node/protocol code (Red4Sec) available from Nano content domain.
  • Published protocol documentation describing distribution and units in detail, including supply ending in full circulation after faucet closure and burning remaining funds. (See Nano documentation distribution page.)
  • Low economic security
  • Very low L1 trading volume
  • Major historical incident involved custodial loss at an exchange (BitGrail), which affected Nano holders even though it was not a Nano protocol wrapper/bridge exploit.

Price Chart - Nano

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100%
Profile Status
Data completeness
No missing data
High confidence

Technical Analysis

Buy / Sell signals

Market Stats

All-Time High$33.69
All-Time Low$0.0262
Circulating133248297
Total Supply133248297
AlgorithmDirected Acyclic Graph (DAG)

Community Sentiment

👍 50% 50% 👎

Recent News

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Posts from the nanocurrency
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Developer Activity

GitHub stars⭐ 3525
Forks803
Watchers243
Commits (4 weeks)18
PRs merged3220
View on GitHub →

Nano GitHub