Nano

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Nano ()

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Reasons to Buy Nano

  • It is capable of processing 1000 transactions per second (TPS).
  • – It has no wait time as transactions are processed instantly.
  • – It uses an Open representative voting (ORV) system instead of miners.
  • – It has a market capitalization of more than $900 million.
  • – It has a maximum supply of 133 million nano coins.

Nano was launched in 2015 by the name of Raiblocks. It was rebranded to Nano in 2018.

It started with a vision to create an eco-friendly coin with better functionalities and features similar to a normal cryptocurrency. Nano proved to be successful by using Directed Acyclic Graph (DAG) and block-lattice architecture by providing blockchain to everyone named as account chain for faster transactions and zero transaction fees. Where its competitors burn a lot of energy for mining and block processing, it saves up to the cost of electricity and also the time spent on processing.

Things to consider before buying Nano

  • It is an eco-friendly coin that uses no electricity, thus contributing to a greener world.
  • – It works on the principle of zero transaction fees as no miners are involved in processing transactions.
  • – Nano has its own architecture (block-lattice) that is designed to provide an individual blockchain to everyone.

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Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.