Nano Cryptocurrency Review. Why is it Relevant?

in dtube •  7 years ago  (edited)


Nano is attacking the scalability issues that crypto needs to address moving forward, by giving each node it's own blockchain. Transactions will be 2 parts and require transaction generation from the sender and receiver, this eliminates the problems of spam in a fee-less environment.

Micro transactions can occur after you authorize the reception of transactions. This could be considered a concept similar to channels in the lightning network.

While Ethereum will use forks and second layer technologies, many cryptos are now attepmting to get the best infrastructure, right out of the gate. Cardano, IOTA, EOS and more are iterations of technologies that I would consider third generation.

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Ethereum will use forks and second layer technologies I think this is a good way thanks for your kind information about transaction about nano

I also agree with you

@investing Thank you . Frankly, you are doing a job that deserves appreciation and respect

Yeah
good job
I like your publications
I am now following you successfully

Nano is like ripple but with steroids, i mean the idea of have one blockchain for each user is too much powerful. Regards

The biggest advantages of Nano are its lack of fees, scalability, and instantaneous transactions. Because of the lightweight protocol, there are no fees for transactions. Additionally, transactions are taken care of independently, with each transaction fitting with a UDP packet, preventing block size-related problems.

It really is interesting days in the crypto world with the main issue remaining scalability and most big projects tackling it in a different way. I think the lightning network looks really interesting but then so do many of these other projects. 2018 should be a really interesting year for crypto!

Indeed 2018 will be interesting. Although I haven't really seen anything definitive about why this will beat Ethereum...

it is not by luck that the last 3 days shows massive profits while all the rest of the coins are collapsing

As always very good information, thank you for keeping us informed.

  ·  7 years ago (edited)

Always give us important and wonderful information. We appreciate your effort
@investig keep it up hero ♡♡
#restem you post

It is also highly scalable thanks to the use of logarithms of data sets using tree-like structures. Finally, the transactions are instantaneous since they precache the system’s anti-spam proof of work (PoW) to use with the following transaction following completion of each transaction. There might still be a delay for an ongoing transaction, but that helps prevent spam.

Thanks for sharing this great video with this great information keep it up
You always come with a new and awesome post keep it up
I wish you all the best

interesting thoughts but getting trust when it involves financial transactions is difficult.

Great Review of nano crypto Thanks for sharing. @investing

This post has received gratitude of 11.46% from @appreciator courtesy of @manlyness!

Coins mentioned in post:

CoinPrice (USD)📉 24h📈 7d
ADACardano0.309$2.07%-10.56%
EOSEOS8.214$-4.82%-3.8%
ETHEthereum860.623$-1.42%-0.35%
MIOTAIOTA1.922$-3.57%9.25%
NANONano16.175$-4.85%19.25%
  ·  7 years ago (edited)

Ever nano user can aware about transactions of nano reading your post. Thank you for giving your 2nd part of nano. @jareen61
Screenshot_20180303-054043.png

i dont think that

Nice post

good writing....I appreciate you.thank

nice video,, very useful

interesting now i know what the basic thing Nano was trying to achieve it was a new project for me and didn't knew about it they could scale up that's a big plus

@investing you have made a flawless review on this sensitive topic.... I remember the attack on ethereum which lead to formation of ethereum classic nothing is perfect it's just matter of time after which we can cryto coins taking normal coins

nano looks really powerful project came to know from your video more about it thanks for sharing this

nano is here to revolutionize things already they are able to do it

instant scalablity the blockchain needs that solution and they are providing that to the huge mass scale level :)

this is going to take on the big players already seems like they are working hard to be in the top 10 atleast

nano is going to be a breakthrough in between the technologies that exists today

nano is already so much advanced they know the future problems and tacking it from the front

Interesting post. Thanks! Upvoted!

The tech is indeed great and min blowing well after using Steemi it sure will be a bonus for us !