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Review on Nano by Crypto Trader

Revainrating 5 out of 5

Nano is the coin of future

Nano is perfect for everyday transactions - no fuss, no fees, no waiting. This is what simple and easy-to-use digital money feels like. Nano is a digital payment protocol designed to be accessible and lightweight, with a focus on removing inefficiencies present in other cryptocurrencies. With ultrafast transactions and zero fees on a secure, green and decentralized network, this makes Nano ideal for everyday transactions.
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How do transactions work?
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Nano utilizes the Block Lattice, a data-structure in which individual accounts control their own blockchain. This allows blocks to be added quickly without conflict and sent to the network for confirmation.
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Transactions occur between accounts with two separate actions:
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The sender publishes a block debiting their own account for the amount to be sent to the receiving account
The receiver publishes a matching block crediting their own account for the amount sent
Once a block sending funds is confirmed by the network, the transaction goes into a pending state and cannot be reversed. The receiver can be offline and safely leave the funds in this state until they are ready to publish a matching block receiving the funds to their account.
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Pros
  • Feeles
  • Eco-friendly
  • Instant
Cons
  • Very very fast

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