Informations

0.852891

USD

Rank #264


WebSite : Nano.org
Whitepaper : Docs.nano.org
Domain Age : Registered over 26 years ago

  • 24 hours

    -0.78%

  • 30 days

    23.84%

  • ATH

    -97.46%

Nano Ratings Score

Last score update : 11 days ago

Nano Price live today

Nano (XNO) is currently trading at 0.852891 USD and with a circulating supply of 133,248,290 XNO.
Its market capitalization is 113,648,163 USD.
XNO price has moved -0.78% in the last 24 hours, with 2,395,439 USD worth of XNO traded on various exchanges.
Nano currently ranks #264 in cryptocurrency rankings based on market capitalization.

About Nano (XNO)

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.