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. It uses an ORV (Open Representative Voting) consensus algorithm, which is similar to PoS (Proof of Stake) but without inflationary rewards not locking of the native coin XNO.
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.
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Where is Nano available for purchase?
You can exchange XNO tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Nano is HTX, notably the XNO/USDT pair, which saw a trading volume of $ 6,62 MLN. in the past day. Additionally, Binance and KoinBX are popular alternatives for trading tokens.
What is the highest value Nano (XNO) has ever reached?
Nano (XNO) reached its peak price at 33.69 $ on 02 January 2018, approximately 8 years ago ago. Presently, the current price is -97.08% lower than this all-time high.
What is the historical minimum price for Nano (XNO)?
The minimum price reached for Nano (XNO) was 0.02617 $, documented on 16 July 2017, more than 8 years ago. In comparison, the current price is 3,650.67%, it above this historical low.
What is the fully diluted valuation of Nano (XNO)?
The fully diluted valuation (FDV) of Nano (XNO) stands at $ 128,76 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of 133,248,290 XNO tokens. The realization of this FDV might take several years depending on the emission schedule of XNO tokens.