RaiBlocks becomes Nano

Nano (XRB) logoYou have trouble finding RaiBlocks on CoinMarketCap? This is perfectly normal: the development teams have decided to adopt a new name, Nano.

To justify this decision, they explained that the name RaiBlocks was judged by the community as not sufficiently engaging, and that it could constitute a brake for the democratization of the asset.

The Core Team turned to "a name that symbolized the simplicity and speed associated with the project".

The new logo represents an "N", consisting of nodes that symbolize the "trellis" blocks on which the Nano is based. Note that this choice has been criticized by some users, since this name would not be sufficiently distinctive - many products already bearing it.

Thanks to its architecture called "block-lattice" (Nano does not use blockchain technology), the cryptocurrency is able to offer instant and free transactions, as well as a very energy-efficient network. It should, in theory, offer "infinite scalability", and respond to a demand for new generation crypto-currencies, by also proposing a decentralized exchange platform.

From $ 0.23 to over $ 36 in one month

In the space of a few weeks, this asset, which was trading at $ 0.23 at the beginning of December, had a real outbreak.

After registering a historic record of more than $ 36 on January 2, the XRB fell back below the $ 13 mark 15 days later. At the time of writing this article, the digital currency was trading at around $ 16.80.

In particular, Nano could be found on the Kucoin platform, open to European users. It alone accounted for almost two-thirds of trade: