Nano Profile (XNO)

Rating: Good

Balanced Micro Cap

Project Safety Score

Tue, Mar 26, 2024 12:00 AM

	Market Cap	$97,829,535.38
	Market Dominance	0.0082
	24hr Volume	$1,170,488.96
	Price	$0.7342

61%

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Project Details
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Name

Nano

Type

coin

Technology

3^rdgen dag

Nano, a low-latency cryptocurrency built on an innovative block-lattice data structure offering unlimited scalability and no transaction fees. Nano by design is a simple protocol with the sole purpose of being a high-performance cryptocurrency. The Nano protocol can run on low-power hardware, allowing it to be a practical, decentralized cryptocurrency for everyday use. The original Nano (RailBlocks) paper and first beta implementation were published in December, 2014, making it one of the first Directed Acyclic Graph (DAG) based cryptocurrencies [6]. Soon after, other DAG cryptocurrencies began to develop, most notably DagCoin/Byteball and IOTA. These DAG-based cryptocurrencies broke the blockchain mold, improving system performance and security. Byteball achieves consensus by relying on a “main-chain” comprised of honest, reputable and user-trusted “witnesses”, while IOTA achieves consensus via the cumulative PoW of stacked transactions. Nano achieves consensus via a balance-weighted vote on conflicting transactions. This consensus system provides quicker, more deterministic transactions while still maintaining a strong, decentralized system. Nano continues this development and has positioned itself as one of the highest performing cryptocurrencies. Nano is a trustless, feeless, low-latency cryptocurrency that utilizes a novel blocklattice structure and delegated Proof of Stake voting. The network requires minimal resources, no high-power mining hardware, and can process high transaction throughput. All of this is achieved by having individual blockchains for each account, eliminating access issues and inefficiencies of a global data-structure. We identified possible attack vectors on the system and presented arguments on how Nano is resistant to these forms of attacks. Check out CoinBureau for the complete review of Nano.

3/5

(149 reviews)

Ratings and reviews left by our members do not impact the profile score.

Alex 3 years ago

Be careful!!! People have started appearing who create accounts and post only negative things about NANO. Nano is one of the best cryptocurrencies for micro payments. Don't listen to Fuders, make your own research.

1 0

GOFORUTK 3 years ago

UTK is better. NANO is a shit project.

0 1

UTK 3 years ago

Utrust is faster, easier, more safe compared to Nano.

0 1

Crypfrogo 3 years ago

Everything NANO wants to achieve, Utrust already can. NANO is a coin which won't be here in 2 years anymore lol, unless their name is gonna be changed again..

0 1

UTK Warrior 3 years ago

Drop NANO, their network is down all the time... Got on board with Utrust instead!

0 1

Pnd 3 years ago

Telegram channel is dead, not much activity. Coin price is going well, might be pump and dump I dont know..

0 1

Getoutlol 3 years ago

https://qertoip.medium.com/it-seems-to-only-cost-3m-to-kill-nano-raiblocks-37d78a4e96ca

0 1

Francis 3 years ago

The got some toxic community members on Reddit...

0 1

Francis 3 years ago

A very arrogant team and community... I wanted to add crypto payments to my webshop (pc components, 2 webshops in germany and france), the person I was in contact with handled my case very unprofesionally... Huge red flag for me, I'm already in contact with Utrust (one of their competitors). I got banned from their Telegram group as well.. Don't trust NANO. Utrust is the way to go for me.

0 1

Danny M 3 years ago

Their Telegram group is filled with retards who are constantly FUD'ing other competitors such as Utrust and IOTA. The admin even mocked me and eventually banned me. Stay away from this toxic project... Twitter is filled with people complaining about the transaction speed of their network.. Instant transactions? lol no.. Some transactions take even weeks...

0 1

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3.07/5

(149 reviews)

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