Note: This is a crossposted piece of content for blurt.world that I created on 10/08/20. I own and have created this content, see details below.
NANO is the 92nd largest cryptocurrency by marketcap. It is a cryptocurrency with plenty of liquidity, with most trading volume coming from Binance. NANO is a DAG cryptocurrency that was rebranded in 2018 from Raiblocks (XRB). It is supported by a great team of developers and leaders from the Nano Foundation. It could solve the inherent scalability problems many cryptocurrencies face.
What is NANO's unique value proposition?
The NANO Foundation and developers are experienced, and the team is publically supporting their product. NANO's best feature is its use of individual blockchains per user, speed and lack of fees. High fees are major problems for both Bitcoin and Ethereum, and speak to scalability issues that must be solved before they become truly mainstream and usable. NANO moves quickly and with no fees with a second or less per block.
NANO gives everyone their own blockchain called "account-chain". It is a novel and poweful blockchain technology called a "block lattice" that enables fast and efficient usage of data that actually saves power, and is cheaper to run than Bitcoin. Users and miners of NANO both benefit from this technology. Read the Nano white paper at the link below to learn more:
https://nano.org/whitepaper/en
NANO is fee free and fast. Nano has alot of liquidity and is easy to transmit between users and exchanges. It is faster than Bitcoin, and moves faster than Bitcoin does. NANO was marketed as a "Bitcoin Killer", and is a better way to move money and pay for goods and services on a practical level. NANO can solve the scalability issues that many cryptocurrencies including Bitcoin have. The 10-minute block time Bitcoin has does not compare with NANO's 1-second or less block confirmation time.
Scalability is the biggest hurdle that cryptocurrency faces. When Bitcoin hit an all time high in 2017, it took days to move from account to account, and the fees were exorbitant. Ethereum fees are currently high enough to make the system unusable, and NANO may be a gateway to mainstream usage. Keep an eye on this cryptocurrency. It is a long-term buy below $1.
Get NANO cryptocurrency for free at the faucet and offer app below:
https://play.google.com/store/apps/details?id=com.bdf.tipnano&referrer=iKQAmj
Originally published in my blurt account at the link below:
https://blurt.blog/blurtech/@dominion01/nano-is-a-cryptocurrency-that-could-solve-the-scalability-problem
Also published in my Steemit account at myblurtrides1 and my PUBLISH0X account at BitcoinCrazy.
Sources:
Image from Coinswitch:
https://www.google.com/amp/s/coinswitch.co/info/nano/what-is-nano
1.https://coinmarketcap.com/currencies/nano/
2.https://nano.org/
3.https://thecurrencyanalytics-com.cdn.ampproject.org/v/s/thecurrencyanalytics.com/14704/nano-cryptocurrency-is-becoming-very-easy-to-access-as-it-is-easy-to-use/amp/?amp_js_v=a6&_gsa=1&usqp=mq331AQHKAFQCrABIA%3D%3D#aoh=16021969995754&referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s&share=https%3A%2F%2Fthecurrencyanalytics.com%2F14704%2Fnano-cryptocurrency-is-becoming-very-easy-to-access-as-it-is-easy-to-use%2F
4.https://nano.org/whitepaper/en
5.https://cointelegraph-com.cdn.ampproject.org/v/s/cointelegraph.com/news/scalability-on-blockchain-is-there-a-solution/amp?amp_js_v=a6&_gsa=1&usqp=mq331AQHKAFQCrABIA%3D%3D#aoh=16021977512920&referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s&share=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fscalability-on-blockchain-is-there-a-solution
