According to the latest information from analytics platform StipsOculus, Nano cryptocurrency is currently one of the most commented coins on Bitcointalk and Reddit. There are several reasons for this: an unusual form of nano coins airdrop, full emission of all possible coins at the start of the project, meaning everything was immediately distributed so no additional emission and mining, ease of use and high-speed transfers.
Now let’s have a detailed look at the Nano coin price, nano coin value and get some nano coin predictions.
What is Nano?
Nano is a decentralized and secure digital currency focused on addressing the inefficiencies present in existing cryptocurrencies. Initially named Raiblocks, Nano was created by Colin LeMahieu, a software engineer with years of experience at companies like Dell, AMD, Qualcomm. The coin’s goals and intentions are almost identical to those of Bitcoin, which is to replace fiat currencies. But unlike Bitcoin, Nano aims to execute transactions of its blockchain in a much faster and more flexible way.
What is it used for?
Nano uses a Direct Acrylic Graph (DAG) algorithm but employs its own novel technology called block-lattice architecture which essentially means that every individual is assigned their own blockchain, called account-chain.
Nano offers its users the following benefits:
- High-speed transactions – all transfers are processed exclusively by their participants, confirmation of the network is required only in case of a dispute;
- Every transaction creates its own new block which replaces the older one before it gets on the user’s account-chain. The end result is a new block which records the updated balance of each user.
- Nano is a zero-transaction fee currency as no fees to be paid to the miners and hence, the exchange is free.
- Users do not need to download and maintain heavy storages with a full blockchain network.
Where to buy NANO cryptocurrency?
Since its launch in 2015, the Nano cryptocurrency is currently listed on many major crypto exchanges – HitBTC, Binance and KuCoin. The main trading place for Nano coin are Binance and KuCoin crypto exchanges. Nano can be exchanged for ETC, BTC, USDT. The average price is $1.06 and has dropped 24% last week (according to CoinPaprica). Today’s Nano coin market cap is $136 161 477.
Last Week’s Nano Coin Price Chart
Last Month’s Nano coin Price Chart
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