Nano : The Future of Crypto Currency
Nano
What Is Nano?
Nano is a low-latency payment platform that requires minimal resources; making Nano ideal for peer-to-peer transactions.
What sets Nano apart from other coins?
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.
How does it work?
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
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.
Hey @popswc, the markets are pretty crazy right now. Crypto is back to a weird space but I know long term it's still what we're all hoping it will be! Cheers
@exxodus I agree the market is crazy right now but I think this is because of bitcoin losing its footing as the top coin and dragging down the rest of the market with each price drop it has. Hopefully everything calms down in the next weeks. Cheers!
Cool Post. Since you got the bitcoin tag do you have a prediction for Bitcoin over the next few days? Also followed you for future posts :)
@cryptoissweet Thanks! To be honest I don't see a bright future for bitcoin the only reason it's as big as it is is because it was first to market (creating the market) but its no longer as innovative as other coins. BTC at its maximum potential is a currency with long transaction times, fees, and miners and these problems have been solved by other coins ex: Nano. I cant see bitcoin going up long term unless things change. that being said over the next few days I think BTC will start to stabilize but trend down for at least another week. Full disclaimer I'm not a trading expert and all of this is just my opinion and should not be viewed as real trading advice.
good project...
@cryptojb I think so too. Hopefully it will take off!
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