What is Nano Coin (NANO)? Complete set of NANO cryptocurrency

Continuing the series of articles about Coin and Token Of TechtipsnreviewToday, let’s learn about Nano Coin (NANO)!

Let’s start!

What is Nano (NANO)?

Nano is a decentralized asynchronous network focused on addressing inefficiencies in existing digital currency and payment systems. It uses a Circle Graph (DAG) architecture, whereby each user who transacts on the network owns their own blockchain, which is updated asynchronously with the rest of the network.

As a result, NANO transactions are extremely fast, with an average processing time of less than a second. The previous Nano project was called RaiBlocks (XRB), it was rebranded as Nano in February 2018.

Basic information about Nano Coin (NANO)

Key Metrics NANO

  • Token Name: Nano
  • Ticker: NANO.
  • Blockchain: Nano blockchain
  • Token Type: Utility, Governance.
  • Total Supply: 133,248,290 NANO
  • Circulating Supply: 133,248,289 NANO

Nano token use case

Nano’s team created Nano Coin (NANO) with the ambition of making NANO a new generation Cryptocurrency. Here are the intended uses of NANO:

  • Peer to Peer: Use NANO to pay for everyday consumer services. From paying rent, single house electricity and water, or taxi fares, ..
  • Micropayment: Use NANO to pay for assets of small value
  • Business to Customer: Use NANO to make payments between businesses and customers

How to earn and own Nano Coin (NANO)

Users can earn NANO by purchasing tokens from supported exchanges.

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Nano Coin Storage Wallet (NANO)

Nano Coin (NANO) is a coin built with its own Blockchain, it can only be stored on wallets (Wallets) that this Blockchain supports, including:

  • Online wallet on web platform, Desktop wallet, Nano wallet on mobile application.
    Download these wallets here: https://nano.org/en
  • Wallets of exchanges that are supporting Nano Coin (NANO) trading
  • Hardware wallet: Nano Ledger WILL

Nano Coin Exchange (NANO)

Currently, Nano Coin (NANO) is being traded on many different exchanges, including major exchanges such as Binance, OKEx, Huobi Global,…

Roadmaps & Updates

Brave Browser Integration (May 2020): The add-on added to Brave Browser in partnership with Binance makes buying and using NANO more accessible.

Athena update (June 2020): Improved PoW difficulty.

Siliqua update (TPC): Introduces a new low-resource consensus algorithm to address network scalability.

The Future of Nano Coins (NANO)

Before talking about the future of Nano Coin (NANO), let’s also talk about the outstanding advantages of this Blockchain platform!

The outstanding advantages are:

  • No transaction fees in the Blockchain network. As announced by Nano, the method they use is very compact, and there is almost no cost for running Nodes.
  • Super fast transaction speed. Nano has a transaction speed up to 1000 times faster than Bitcoin.
  • The scalability is almost unlimited.
  • Energy saving. While 1 BTC requires 330kWh to process a transaction, a Nano transaction requires less than 0.001kWh = 1Wh. This is a huge difference between these 2 coins.

The above advantages are superior to Bitcoin (BTC) the cryptocurrency with the highest market price today.

However, whether or not the NANO coin will appreciate is not based solely on its above-mentioned characteristics.

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More importantly, it is still the community as well as the organizations that accept it widely or not.

With the above advantages, we are waiting for the answer in the future.

Should invest in Nano Coin (NANO)

Based on basic information about Nano Coin (NANO), you can learn more about this project at their homepage at http://nano.org/en.

And from there, make your own judgment and investment decisions!

summary

Above is an article about Nano Coin (NANO), one of the cryptocurrencies used for Payment purposes. Hope you guys get a lot of valuable information from this article.​

If you have any questions about the article, please leave a comment at the end of the article. Techtipsnreview Will reply to you as soon as possible.

Me and the team Techtipsnreview will always update the latest information about this Nano Coin (NANO) as well as other coins at Techtipsnreview.net.

Brothers, let’s go together with Techtipsnreview so as not to miss any useful information!

Best regards and see you in the next posts!

Source: What is Nano Coin (NANO)? Complete set of NANO cryptocurrency
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