Nano
Price
XNO
Nano Fundamental Analysis
What Is XNO?
Nano (XNO) is a lightweight cryptocurrency positioned as "digital money for the modern world." It aims to facilitate secure, instantaneous, and fee-less payments, addressing limitations in traditional financial infrastructure and other cryptocurrencies.
Originating as RaiBlocks (XRB) in 2014, the project evolved to address challenges in legacy systems and cryptocurrencies. The public faucet, distributing XRB through captcha challenges, marked its launch in 2015. The rebranding to Nano in 2018 reflected its emphasis on speed and simplicity.
How does XNO work?
Nano operates as a peer-to-peer platform utilizing a unique block-lattice data structure. The platform distinguishes itself by enabling users to transfer value without reliance on centralized intermediaries. Open Representative Voting (ORV) replaces traditional proof-of-work, making Nano highly energy-efficient and environmentally friendly.
Value Analysis of XNO
Nano's ORV system contributes to its energy efficiency, presenting an eco-friendly alternative to proof-of-work-based cryptocurrencies. This aligns with global standards, reinforcing Nano's commitment to sustainability.
Transaction Speed and Finality:
Nano boasts exceptional transaction speed, with most transactions achieving absolute finality in less than a second. This rapidity positions Nano as an ideal solution for commercial payments, eliminating concerns about transaction delays.
Fee-Less Transactions:
Notably, Nano transactions are fee-less due to the absence of financial compensation for representatives securing the network. This fee-less model enhances Nano's suitability for micro-transactions, eliminating the need for users to bear potentially expensive transaction fees for small payments.
DAG Architecture:
Nano's architecture deviates from traditional blockchains, utilizing a directed acyclic graph (DAG) known as a block-lattice. This structure ensures reliability and scalability, supporting up to 1,000 transactions per second with the right hardware. Nano's DAG-based approach contributes to its eco-friendly nature.
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Release Time：
2017-03-06
