1 Level
20 Review
140 Karma
Review on Nano by pankaj borah
Overall I liked the project and hope to succeed. I like the concept of theβ¦
Overall I liked the project and hope to succeed. I like the concept of the Block lattice structure that they have used.
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Pros
- πΉ 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. πΉ 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. πΉ More scalable - Multiple account-chain can operate simultaneously and asynchronously and so the network can handle a lot of transactions. πΉ 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.
Cons
- πΈ 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. πΈ Not many wallets and exchanges available for users to store and trade Nano. πΈ Because of the use of DAG a significant no of nodes is required initially to get it going .
