I like that this coin is quick. The lack of fees is another great feature (I think you agree). Plus the network consumes not much energy and hard space — this makes Nano much more promising than old school cryptocurrencies.
There are some concerns about the level of security of this coin, although hackers are yet to hack it.
One of the best features that Nano coin provides is that it is simple. And by no means do I mean that from a technical standpoint – it’s as complicated as the other cryptocurrencies out there. No, what I mean is that it has very clear goals and tasks in mind, straightforward ways to achieve them and a good leader and team to back it up. With such a combo, the coin may reach interesting hights in the future to come.
Nano prove that the crypto technology is constantly advancing and moving…
Nano coin is the coin who indicates bull run coming i mean this coin pumps faster than other
Tps is really inovative and able to handle more than 1000 tps
Working on dag
Devlopment is slow
Some of main team members are not well experts in crypto
Nano uses a structure which is block-lattice, unlike the other cryptocurrencies which use the conventional blockchain. The individual blockchain of each account is equivalent to the history of the transaction or balance of the account. The individual blockchain of each account is referred to as the account-chain and can only be updated by the owner of the account. This allows the owner to immediately update the account-chain which results in quick transactions. Only the owner of the…
Nano protocol of the network of the Nana is quite lightweight and does not cost much to run a node and hence the Nano transactions can be processed without zero fees. This makes the protocol easily accessible by the user.
Each transaction is processed and handled independently on the network which helps to eliminate the issues of the block size. The block size is actually characterized by the absence of the issues.
The node of the network has been launched for free.
There is always the risk of attack by the hackers. There has not been any attack which was successful but it is still not completely secure.
The risk of more appealing and new cryptocurrencies is also quite high. The Nano is a third generation cryptocurrency which only addresses the issues in the earlier networks such as the Bitcoin and the Ethereum. The more advanced cryptocurrencies which would be launched in the near future can reduce the value of the cryptocurrency.
Nano is a grass roots peer to peer digital currency. Since it does not currently have marketing towards institutional adoption, it currently functions as a means for trading in local groups. Since there are zero transaction fees, and it is extremely quick to send, it has the basis for being an easy, verifiable and simple to use currency. Instead of swapping cash, friends can send nano to each other instantly, and check it when it is sent to verify they received it, unlike other clunkier…
Nano is a fast, fee-less, secure P2P digital currency
Beautiful wallets designed by several developers
Active development, functional system, active community
Lots of exchanges support trading
Does not have a finalized code
Development team has not stepped into marketing the coin yet
The term nano itself has been officially rebranded from what was known as RaiBlocks. At the beginning of 2018, the company officials decided to name their cryptocurrency project (and the currency itself) Nano – this marked a new beginning for the coin.
Nano coin uses a combination of Proof-of-Stake and Proof-of-Work algorithms. The mixture is called a 'delegated Proof-of-Stake.
Nano stores incoming and outgoing transaction data into designated, individual blocks in your own, personal…
Transaction speed of Nano is more than 300+ tps if user improve hardware then it goes upto 7k TPS
Mining is Not required as each wallet acts as a node and performs small Proof of Work to authorize its own transactions.
Nano market cap is currently low but high potential. There is no better currency coin than NANO. The coins to overcome are BTG, DASH, LTC, BCH and last but not least, BTC. NANO outperforms all of them, and thus deserves their market cap or better. Until that happens, NANO is considered undervalued.
Nano is not listed on many exchanges and also nano currently have low volume
Nano is a great project to invest in and the company overall is amazing. No fees are incluided and tranfer time is really fast.
I love Nano so much because of the idea of the project. I also love that there is an app and when you send Nanos to someone. It doesn't take long for the transfer which is surprising because a lot of apps or websites take about 1 day or an hour for a transfer. Nanos transfer is only about 20 seconds. When sending Nanos to someone else you don't have to pay fees which saves alot of money and stress to the senders.
I wish on the wallet, there are other crypto coins because it is only nano. It would be easier for different coins for holders have the wallet and have them all on Nanos so they can send them to other holders without a fee.
Overall I liked the project and hope to succeed. I like the concept of the Block lattice structure that they have used.
🔹 Near Instant transactions - As there is no extra overhead to a transaction other than to just create a send or receive block on your account chain and broadcasting to the network to have the balance immediately and asynchronously updated. The transaction in the Nano network seems almost instant.
🔹 Zero Fees - The Nano network doesn't require any resource hungry device to operate so fees of sending and receiving funds are zero. Your node can also be your smartphone connected to the internet.
🔹 More scalable - Multiple account-chain can operate simultaneously and asynchronously and so the network can handle a lot of transactions.
🔹 Representatives - This coin provides the relaxation of appointing a representative to vote on behalf of a user. This is a very unique feature as it's not possible for some users to remain connected to the internet 24x7.
🔸 Since the architecture of Nano is very different from the most of the coins, therefore it becomes difficult for exchanges to list nano as they have to deal with it in a custom manner. That's the reason you will not find Nano in many exchanges.
🔸 Not many wallets and exchanges available for users to store and trade Nano.
🔸 Because of the use of DAG a significant no of nodes is required initially to get it going .
Nano was developed originally as RaiBlocks by Colin leMahieu in 2017. It is operated and manged by Webcoin solutions.
Nano coin system is seeking to solve the problems presented by Bitcoin blockchain technology. It seeks to eliminate scalability and latency problems by enabling instant transactions to take place. It also eliminates the issue of high fees that was plaguing bitcoin.
Nano is often describes as what bitcoin should have been.
it seems project has great success among the people…
Nano is not just a token or digital coin, it is a fee-less exchange network.
Nano coins are pre-mined. The system uses the lattice block technology.
- In this system you can confirm transactions by checking on the sending blocks and your balance on the previous block.
- Account chains and account can be uploaded at any times.
- Transactions of XRB are also confirmed by delegates with nodes who votes on which transaction to confirm.
- The system has eliminated blocksized problems.
- Does not require specialized hardware thus no any huge electricity bills.
- You can only store the coins in Raiwallet which has some flaws.
- It is not fully decentralized.
- Few Exchanges are supporting XRB tokens.
- At now you can buy XRB only by other criptos and not via fiat money.
This is a great coin to own and walks it's walk amongst the the big boys like Stellar Cardano Iota EOS.
FAST!!!! Will be a long term technology. DID I mention Twitter Nano Tip Bot??? You have a Nano wallet on Twitter
Great Project! Twitch.TV integration, Upcoin platform featured and a Twitter Nano Tip Bot! Continual rise in coin value and standing. Cheap and super fast!!!! My Nanos came quick!!
Device and PC wallets....Still waiting... HATE web wallet and web secret key... This is where you get hacked!!!!! Marketing could be WAY better. Programmers need Madison Ave Content Makers. This company loves their product but need to improve their product ad content. More Twitter and Telegram would be good!
I wanted to write this review because of another review above that claims NANO (formerly Raiblocks) was hacked. NANO was not hacked. Bitgrail, one of the exchanges NANO was on had an issue with their node that the exchange to be hacked. They tried to hide it and 17 million NANO were stolen. Kucoin faced the same issue but immediately caught it and worked with the devs to fix it and faced zero issues. This was entirely an exchange issue, and not a problem with the NANO block lattice.
1. Instantaneous transactions...and free. yeah, 100% free transactions.
2. Devs are super communicative.
3. Great Discord community.
4. Working desktop wallet app and online app.
1. Desktop app is still a dev app, so can be finicky.
2. Singular focus, only a payment coin.
Raiblocks allowing very fast and fee less transactions. which can be used as Currency in real world.
Raiblocks is having very fast and fee less transactions. It is now on Binance exchange which means that it has already been tested by Binance team and proven good coin. It is now re-branded as Nano and is on most popular exchanges Binance and Kucoin so Potential of mass adoption.
It got hacked recently and more than 10% of Nano are now in hand of Hacker. It is not as much tested as Bitcoin or Ethereum.
По мне так это не надежный проект и кто знает где еще черная кошка перейдет ему дорогу.
Самая невезучая криптовалюта
Первый их промах был выявлен когда их добавили на большую биржу, из-за увеличения транзакций выявилась ошибка в коде из-за которой многие потеряли свои монеты. После они сделали ребрендинг и стали NANO но и тут облом, большую сумму монет хакеры вывели из биржи битграаль, из-за чего биржа обанкротилась.
Since the network has been used by only a few so far, the system could not prove it. Therefore, the time will show whether raiblocks really no problems in the scaling wears it should come to a rush like bitcoin
RaiBlocks is a blockchain-like system whose origins go back to 2014 and has been continuously developed. The primary developer is Colin LeMahieu, who worked as a software developer for renowned companies such as Dell or Qualcomm for several years.
In the RaiBlocks network each user owns his own small blockchain, which is only updated by him. therefore, the blocks of each RaiBlocks blockchain contain no more than one transaction. The individual blockchains are interwoven by the transactions. This network of blockchains is called a block lattice. Structurally, this is a directional acyclic graph, similar to IOTA or byteball.
Unfortunately, syncing with the blockchain requires a lot of time after installing the wallet. However, you can also download a large part of the blocks beforehand. However, what changes is that transactions can be asynchronous.