When talking about the most important cryptocurrencies in the market, there are many aspects that are analyzed in them. Its scalability, speed, capitalization and many other elements are used to rate the different crypto assets. However, there is one element that is normally neglected: ecological sustainability. Something that our currency of today, Nano, takes into account in its operation.
Since its inception in 2008, cryptocurrencies have focused on many and very different areas. Since the attempt to constitute a viable alternative to fiat money, championed by Bitcoin. Even the provision of financial services for traditional institutions, such as XRP.
This has generated a fairly large cryptocurrency ecosystem, with a wide variety of functions, sizes and modes of organization. What has ultimately enriched the crypto world, and provided companies around the planet with the possibility of using this technology to their advantage.
However, there is one aspect that practically no cryptocurrency has taken into account when starting operations. And we refer of course, to the pollution generated by the crypto world day by day. Well, the truth is that despite working in a digital environment, cryptocurrencies have an impact on the environment.
Especially due to mining processes, which consume an enormous amount of electrical energy, therefore being highly polluting. Something that was realized by Engineer Colin LeMahieu, who in 2015 launched RaiBlock.
A cryptocurrency that tried to be friendly to the environment, until in 2018 it experienced a brand change. Finishing assuming the name Nano, under the Nano Foundation, with which it currently operates, and thanks to which its value rose 40% just 24 hours after changing the name.
Nano's fundamental goal, like that of most cryptocurrencies, is to be a viable alternative to fiat money. Allowing people around the world to use their Blockchain to carry out financial transactions, and acquire goods and services.
But, unlike other cryptocurrencies, Nano tries to achieve this goal in an eco-friendly way. Not contributing to the emission of polluting gases into the environment. In addition to aiming to maintain a point where no fee is charged for conducting operations within the Blockchain.
To avoid collaborating in the contamination of the environment, Nano has devised a system so as not to need mining in the emission of the cryptocurrency. For which, it launched its own emission system through captchas.
Thus, anyone who since 2015 wanted to acquire Nanos (Raiblock at the time). He only had to enter the foundation faucet, and solve various complex captchas from which he would obtain a certain amount of Nano. This allowed to democratize the use of this Blockchain, since expensive hardware is not necessary to perform captchas and obtain the currency.
In addition to this, Nano has created a platform that allows its users to carry out financial transactions, paying absolutely no commission. An abysmal difference when compared to the high commissions charged by international financial institutions. And even even for other cryptocurrencies.