Nano Price & Charts
What Is Nano ?
Nano is a decentralized low latent cryptocurrency that has a lattice block-like architectural structure where each account has a blockchain of its’ own and it uses a DPoS(delegated Proof of Stake). This trustless cryptocurrency network uses minimal resources to process high transaction throughput as there is no mining power hardware that would have slowed down its functionality.
Transactions in Nano happens instantly, it’s feeless and scalable making it one of the best P2P networks. All these features eliminate access issues and also the inefficiency of the structure and functionality. Nano is well secure via delegated Proof of Stake(DPoS).For someone to hack the database, the person has to have at least 50% of the online voting power.
With Bitcoin latency and scalability problem, Nano will be a good way to make progress in the cryptocurrency industry.
How does the Nano work?
The block-lattice structure of Nano is different from the conventional blockchain used by most cryptocurrencies.
For every account created and the account history, it has its’ own blockchain. Such blockchain can also be referred to as account-chain and it contains all the records including balances and transactions.
Updating the account-chain is only carried out by the account owner. This individual’s sole responsibility for updating account makes transactions to perform better.
In Nano, a send transaction has to be created by the sender before sending; this will remove the fund from the sender’ account. The receiver will create a receiver transaction to add the fund to his account. In regular blockchain, the fund has to be added to account before it can be acknowledged.
The team is made up of seasoned professionals that are passionate to carry-on the vision of Nano.
The Developers are:
- Colin LeMahieu
- Mica Busch
- James Coxon
- Zack Shapiro-
The Community Managers are:
These are community managers who work behind the scene to get things done, they are:
- Louis Nobleman
- Jesus Moreno
- Kedrin Welodon
MINING of Nano
Nano is not mineable and can only be gotten through mining of other currencies and exchange them with XRB. It completely pre-mined via CAPTCHA faucets.
Nano has reached its prime supply of 133,248,290 XRB are not planning to mine more, it has a fixed supply.
You can get the XRB through the exchange.
NOTES FOR INVESTORS
Nano is the 20th most promising cryptocurrency of 2017 according to CoinMarket.
I don’t know how they arrived at that, the coin price nose-dived from $20 as of December 2017 to the recent price of $12.The market capitalization is $1,631,945,097 USD.
XRB has not shown any sign of recovery since January 2018, rather it keeps going down. This is a wake-up call to the Nano’team to find out, what the problem is and to do something about it.
I still believe that Nano has what it takes to perform well, after all, they have viable products that have attracted so much attention and endorsements.
Nano is a good option to invest.
This report is written for general information and should not be seen as an endorsement to invest in Nano or seen as financial advice. My advice to any reader who wants to invest in Nano is to do a research.