About Nano Share Price
Billed as “digital money for the modern world,” Nano Share Price is a lightweight cryptocurrency that is designed to facilitate secure, practically instant payments, without fees, and addresses some of the major limitations of both legacy financial infrastructure, and many modern cryptocurrencies.
Development of the project began in 2014 under the name RaiBlocks, and the coin (then termed XRB) launched the following year through a public faucet, which allowed users to claim small amounts of XRB after completing a captcha challenge. Anyone with access to a computer or phone could solve captchas, and be rewarded with RaiBlocks. The number of XRB people received per solved captcha varied over time
RaiBlocks (XRB) was rebranded to Nano in January 2018, with the new name chosen to better represent the speed and simplicity the project offers to users. It is a peer-to-peer platform that uses a unique block-lattice data structure to allow users to easily transfer value to one another without relying on centralized intermediaries.
Unlike other platforms which typically use the combined proof-of-work of a massive mining network to achieve consensus, nano instead uses a system known as Open Representative Voting (ORV) — which sees account holders vote for their chosen representative, who then work to confirm blocks of transactions securely.
Nano Share Price Coin Point Table
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Who Are the Founders of Nano Share Price?
Nano was founded by Colin LeMahieu, a heavily experienced software developer and engineer with a wealth of experience working for prominent tech companies, including Dell, AMD and Qualcomm.
Self-described as an inventor, LeMahieu has interests that range from space technology to physics and environmental sustainability, and is a well-known name in the digital currency space. He began working full time on nano in 2017 and remains the Director of the Nano Foundation — an organization created to drive the development and adoption of nano — to this day.
Colin LeMahieu also pushed the vast majority of commits to Nano’s GitHub repo.
Beyond LeMahieu, the Nano Foundation has over a dozen other employees, including George Coxon, a graduate in Evolutionary Anthropology and experienced account executive, and the current Director of the foundation.
Nano is a digital currency for everyone, without fees.
It doesn’t cost anything to send nano, making it practical and inclusive for all the world.
Without relying on mining, printing or minting, Nano Share Price is a sustainable solution to money.
You don’t have to wait to use digital currency, nano is ready when you are.
What Makes Nano Unique?
As we previously touched on, nano is designed to be fast. So fast, in fact, that most nano transactions reach absolute finality within less than a second — compared to several minutes or even longer for many other major cryptocurrencies.
This speed makes nano suitable for commercial payments, since merchants and retailers no longer need to worry about transaction delays when accepting payments.
Moreover, nano transactions are completely fee-less. Since representatives do not receive financial compensation for their efforts to secure the network, there is no need for a transaction fee. This makes nano an ideal solution for processing micro-transactions, since users no longer need to worry about fronting a potentially expensive transaction fee when making small payments.
These features are enabled by its unique architecture. Unlike many cryptocurrencies which are built on top of a distributed ledger known as a blockchain, Nano is instead built around a similar ledger technology called a directed acyclic graph (DAG).
Nano is a new currency that happens to be digital.
Just like the cash in your pocket, choosing to transact with nano ensures that 100% of the value is transferred directly to the recipient. Created to facilitate both local and international payments, choosing to use nano makes moving money across borders effortless and feeless.
How Is the Nano Share Price Network Secured?
Nano is secured by a network of representatives, each of which is voted into position by XNO holders.
These representatives are responsible for casting their votes when the network needs to achieve consensus, and their voting power is the sum total of the voting weight delegated to them by XNO holders. These vote on the validity of transactions on the nano network, ensuring only valid transactions are confirmed.
This process protects the network against a type of attack known as a double spend—which occurs when an attacker is able to manipulate the network to effectively spend the same funds twice.
In addition, the nano network features a wide variety of additional defenses against various possible attack vectors—a full overview of which can be found here.
Where Can You Buy Nano (XNO)?
Since nano cannot be mined, the most popular way to get your hands on some is by purchasing it from one of the more than 50 exchange platforms that support it. Binance, OKEx and Huobi Global are currently among the most popular exchanges for Nano to crypto trading pairs, whereas it can also be bought with fiat on Kraken and Binance.US.
As a lightweight and secure alternative to conventional cryptocurrencies, Nano marks a new frontier in the world of digital currency. Nano is well-positioned to meet the demands of the current world thanks to its cutting-edge technology and focus on quick and fee-free transactions. In the years to come, Nano’s promise of a decentralised, effective, and eco-friendly platform is sure to gain a growing following as more and more people look for faster, more efficient, and more secure methods of transacting online. Overall, Nano is an exciting development for anyone interested in the potential of blockchain technology and provides a look into the future of digital currency.