Exchange Nano new (XNO) at the Best Rates

Nano (XNO): Eco-Friendly and Feeless Cryptocurrency

NanoThe world of crypto is versatile, and a lot of projects have been around for many years. One of them is Nano. Nano (XNO) was one of the first cryptocurrencies, or altcoins, that joined the market to address the shortcomings of the Bitcoin network and BTC. Nano was first presented under the name RaiBlocks (XRB) in 2014. It was later rebranded to Nano (XNO) and became one of the top blockchain environments when it comes to transaction times and network speed. Nano introduced some innovations to address the need for faster, decentralized transactions, integrations with payment systems, and mainstream use of cryptocurrency. But what is XNO coin? Let’s take a closer look at XNO crypto and Nano project’s characteristics. 

Nano (XNO) Overview

Nano is a peer-to-peer decentralized cryptocurrency payment system that facilitates quick and inexpensive ledger transactions. Users of Nano can send and receive transactions in Nano in a matter of seconds.

Nano’s technology addresses the problem of slow Bitcoin transaction times and to do this, uses an unique technical strategy, which, like Bitcoin, is based on decentralized infrastructure and blockchain but chooses a very different consensus process. Nano is based on the Open Representative Voting system and block-lattice data structure, unlike platforms with more traditional and more energy-intensive protocols, like Proof-of-Work. Instead of utilizing a blockchain, Nano is based on a kind of ledger known as a Directed Acyclic Graph. It makes use of a special Block Lattice data structure in which each user (address) is assigned a chain to write to exclusively, and each user has a copy of all the chains. This considerably reduces the time it takes for transactions.

Nano (XNO) Founders

In 2014, Nano was first made available to the public as RaiBlocks (XRB), a cryptocurrency that users could get by solving Captcha puzzles. After completing any number of challenges, users received XRB coins as payment for their work.

In 2018, Nano underwent a rebranding to become a peer-to-peer payment system that enables quick transactions and payment integrations using the NANO cryptocurrency. The company was launched by Colin LeMahieu, the creator of the Nano Foundation and CEO of Nano; based in the UK, LeMahieu is a software engineer.

What Makes Nano Crypto Unique?

The network's speed and transactions' instantaneous finality are two of Nano's most distinctive features. In contrast to most cryptocurrency networks available on the market, nearly all Nano transactions are validated and carried out in less than a second. By contrast, P2P payment systems and numerous other well-known networks might take minutes or even a few seconds.

Nano is an excellent option for merchants worldwide because it has instant finality and payment interfaces. Sellers can instantly receive payments using Nano connections. Nano has a better chance of becoming a widely utilized cryptocurrency for payments if instant finality is implemented.

The absence of transaction fees on the network is another feature that sets Nano apart from most other blockchains. Because user-selected representatives are not paid for their involvement, free transactions are made possible. In this way, Nano offers the ideal resolution for micropayments.

Block Lattice and $XNO

Block Lattice, a novel data architecture, is the main breakthrough technology that Nano has implemented. Because every account in this architecture has its own blockchain, users may update their accounts instantly without waiting for the network as a whole. The term ‘account-chains’ refers to these distinct blockchains. Every block in the lattice records and changes the status of an account, just like your bank account does. As a result, the difference in the account balance between consecutive blocks is how transaction amounts are understood.  Every transaction constitutes a separate block, and each block on the account replaces the preceding one.  Blocks can be updated and sent by users without utilizing the whole network. Furthermore, only account holders have the ability to edit their blockchain. 

Because there is a cap on the total number of tokens that may be created, all of which have already been issued and are in circulation, making Nano a highly decentralized cryptocurrency (the great majority of Nano accounts have fewer than 100 NANO in circulation).

Through voting, Nano also develops decentralization and peer-to-peer features. Voting for representatives who act as validators is available to Nano holders. The network's own cryptocurrency, XNO, is used for voting and transactions. On the Nano ledger, transactions are free.

Is Nano (XNO) a Good Investment?

It may very well be. Nano keeps working on developing its network, accelerating its transaction speed and time, and this means that the project is going strong. Sources like CryptoNewsz believe that the coin can reach a maximum of $10 by 2030.

Where to Buy XNO Crypto?

StealthEX is here to help you buy Nano coin. You can do this privately and without the need to sign up for the service. Our crypto collection has more than 1500 different coins and you can do wallet-to-wallet transfers instantly and problem-free.

Just go to StealthEX and follow these easy steps:

1. Choose the pair and the amount you want to exchange — for instance, BTC to XNO. 
2. Press the “Start exchange” button.
3. Provide the recipient address to transfer your crypto to.
4. Process the transaction.
5. Receive your crypto coins.

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Don’t forget to do your own research before buying any crypto. The views and opinions expressed in this article are solely those of the author.