Review on Nano by Yamada Ribero

Name: Nano
Item: Nano
Rating: 4

February 06, 2018

To say that Nano is without its problems would be absurd. Only time will tell…

To say that Nano is without its problems would be absurd. Only time will tell whether the developers will find a good solution to Nano's flaws. If they don't, there may eventually be a major theft that will cause people to lose faith in it. 
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Nano's zero-cost, high-speed transactions are its best aspect. I myself am not willing to dive in and invest a large portion of money in this cryptocurrency, however, I'm keeping my eye on it and feel that it has a good chance of success.
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Pros

RaiBlocks (now Nano) implements a new system, the block matrix, instead of using blockchain technology. This system allows for Nano to have much greater transaction speeds than Bitcoin, Ethereum, and even Ripple, along with no transaction fees. The design philosophy was "do one thing really well." It seems its team succeeded. Currently, Nano is rank 23 among cryptocurrencies. After a coin reaches the top 50, I consider it well in the eye of the cryptocurrency community. If (<- note this word) its team successfully partners with businesses and shows good progress, Nano will likely soar.

Cons

Like most cryptocurrencies, Nano has nothing concrete to show at this point. A post on BitcoinTalk titled "Why RaiBlocks is NOT Secure" highlighted Nano's potential security issues with man-in-the-middle attacks and double spending. I have yet to see a good rebuttal to his core arguments. Nano used a modified version of the proof-of-stake system, which some argue is significantly less secure than the proof-of-work of Bitcoin. In the long term, proof-of-stake may be secure, but in the short-term (which matters significantly due to its effects on the actual use of Nano as a currency), it seems much less so.