-2.14%

Market Change

$2 126 155 745 946.57

Total Market Cap

$361 234 914 547.94

Total Volume

15522

Cryptocurrencies

94 GWEI

114 GWEI

156 GWEI

Ethereum gas price

39.86%

BTC Dominance


Nano (NANO)
Nano

NANO -5.10%

24h Change

$1 351 970 630.24

Market Cap

$157 555 314.31

24h Volume

$10.34

Current Price

Tech Specs

Last historical data: 2021-01-22T08:14:05.000Z

Decimal places: 0

Algorithm: Directed Acyclic Graph (DAG)

Prooftype: PoW

Country origin:

Genesis date:

Liquidity score: 53.962

Publi interest score: 0.007

Community score: 48.938

Developer score: 85.688

Coingecko score: 57.635

Market cap rank: 67

Coingecko rank: 18

Alexa rank: 313412

Bing matches: 0

Nano (NANO)

Nano, a low-latency cryptocurrency built on an innovative block-lattice data structure offering unlimited scalability and no transaction fees.

Nano by design is a simple protocol with the sole purpose of being a high-performance cryptocurrency.

The Nano protocol can run on low-power hardware, allowing it to be a practical, decentralized cryptocurrency for everyday use. The original Nano (RailBlocks) paper and first beta implementation were published in December, 2014, making it one of the first Directed Acyclic Graph (DAG) based cryptocurrencies [6].

Soon after, other DAG cryptocurrencies began to develop, most notably DagCoin/Byteball and IOTA.

These DAG-based cryptocurrencies broke the blockchain mold, improving system performance and security.

Byteball achieves consensus by relying on a “main-chain” comprised of honest, reputable and user-trusted “witnesses”, while IOTA achieves consensus via the cumulative PoW of stacked transactions.

Nano achieves consensus via a balance-weighted vote on conflicting transactions.

This consensus system provides quicker, more deterministic transactions while still maintaining a strong, decentralized system.

Nano continues this development and has positioned itself as one of the highest performing cryptocurrencies. Nano is a trustless, feeless, low-latency cryptocurrency that utilizes a novel blocklattice structure and delegated Proof of Stake voting.

The network requires minimal resources, no high-power mining hardware, and can process high transaction throughput.

All of this is achieved by having individual blockchains for each account, eliminating access issues and inefficiencies of a global data-structure.

We identified possible attack vectors on the system and presented arguments on how Nano is resistant to these forms of attacks. Check out CoinBureau for the complete review of Nano.

Nano (RaiBlocks before the rebranding) is a cryptocurrency designed for everyday use.

Peer-to-peer transactions on its blockchain are free, instant and scalable.