Nano (NANO)

Fast, scalable, feeless and ecofriendly transactions

#99

Marketcap Ranking

0.705245 (-3.29%) arrow_drop_down

Market Price (24h change)

93,972,691

Total Market Cap

3.2

4.4

info_outline What is Nano

4.3

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Nano Short Description

Nano is a decentralized, sustainable, and secure next-generation digital currency focused on addressing the inefficiencies present in existing cryptocurrencies. Nano provides an intuitive experience that feels like digital currency should - no fuss, no fees, no waiting.

Designed to solve peer to peer transfer of value, Nano aims to revolutionize the world economy through an ultrafast, fee-less and decentralized network that is open and accessible to everyone. The efficient and lightweight nature of Nano allows everyone, including individuals in emerging countries to easily participate in local and global economies with a low barrier of entry.

The speed of Nano transactions provides broad utility across a wide spectrum of financial applications. With a fully distributed supply, bridging opportunities such as foreign exchange transactions and fast cross-border transfers can be confidently facilitated over a decentralized network..

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Nano Explanation Video

Nano / Raiblocks simply explained | Decentralized Thought

xrb_35sm5ky3d3agafzorwbbu9af5q5a3zk4abe9if1a9zs197k4j3rjoak6dmhp Want To Purchase Bitcoin? https://www.coinbase.com/join/5a427df... Secure Your Coins In a Hardwallet Ledger Nano ...

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Screenshot from Website

nano.org
Nano Websitemore_vert

Visit Webpage

Website Informationclose

Organization: Domains By Proxy, LLC
Name: Registration Private
Country: US
City: Scottsdale
Zipcode: 85260
Address: [ "DomainsByProxy.com", "14455 N. Hayden Road" ]
Mail: abuse@godaddy.com
Creation date: 1997-01-27
Expiration date: 2024-01-28
Nameserver: NS-1394.AWSDNS-46.ORG

build Nano Product Analysis

4.8

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Nano Whitepaper

Recently, high demand and limited scalability have increased the average transaction times and fees in popular cryptocurrencies, yielding an unsatisfactory experience. Here we introduce Nano, a cryptocurrency with a novel block-lattice architecture where each account has its own blockchain, delivering near instantaneous transaction speed and unlimited scalability.


The whitepaper of Nano is 8 Pages long.

The most influencial keywords are: Transact, Block, Account, Nodes, Network, Nano, Vote, Voting, Attack, and Requiring.

file_downloadOpen Whitepaper
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Nano Competitors

  • 1.) BitGreen

    First launched in 2017 to provide an energy-efficient alternative to Bitcoin and proof of work consensus, BitGreen utilizes its proprietary protocol and behavioral science to catalyze everyday impactful actions at scale. Funded by the blockchain’s governance protocol, users are able to discover and act on impact opportunities, such as using bikeshare programs or volunteering, and are rewarded with BITG, all through the BitGReen light wallet app. Users can also explore a growing global ecosystem of sustainable vendors, vetted charities, and carbon offset programs all accepting or distributing BITG. All BITG holders are members of the BitGreen community and can nominate new impact actions and causes to be adopted. Incorporated in Wyoming, with an office in New York City and a global community, the BitGreen community is executing on the potential that blockchain has for shaping a healthy, resilient and just world. Premine: 500 000 BITG

  • 2.) XRP

    Ripple (XRP) is one of the fastest and most scalable digital asset, enabling real-time global payments anywhere in the world.

  • 3.) NEM

    NEM is a cryptocurrency and blockchain platform for smart digital assets. Main new feature in NEM includes Proof of Importance (POI), new consensus algorithm, and smart asset system.

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Nano Product Analysis

Nano was founded back in October 2015. Its source code was released publicly on github on May 2014 under the BSD 3-Clause "New" or "Revised" License license.
Organization wise, Nanos Development is Semi-centralized and is being developed under the lead of Guilherme Lawless.

The consensus on which the Nano network is run is called Open Representative Voting, while the underlying algorithm is called ORV (Open Representative Voting).
In the current state of Nano currently is Working product

group Nano Community Analysis

3.7

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Nano Communities & Events

Join the conversation on Nano, a cryptocurrency with ultrafast transactions and zero fees over a secure, decentralized network.

view_list r/nanocurrency Subreddit
person 52,660 Subscribers
directions_run 403 Active Users
create 7 Daily Posts
speaker_notes 79 Daily Comments
linkOpen Subreddit

NANO is 0 fee instant cryptocurrency
-Website: https://Nano.org
-Community/trollbox: t.me/joinchat/CF1eAT_Pym-cBBqdLdza4g
-Chinese Chat: https://t.me/NanoCN

view_list NANO Official (English chat) Channel
person 5,297 Members
directions_run 311 Online
linkOpen in Telegram

Official Twitter account for Nano

view_list @nano Channel
person 98,780 Followers
09.23.2020
12:35
We are excited to announce Deepa Mardolkar as Chair of The Advisory Board for the Nano Foundation! Deepa's wealth of experience across fintech payments, will help to elevate $NANO as the leading solution to #DigitalMoney. https://t.co/s5LXerGLk0 #WomenInCrypto #cryptocurrency 198 favorite
09.21.2020
14:30
Functionality at your fingertips! You can now spend, store and buy $NANO on the @GuardaWallet mobile app! 📱 https://t.co/EikfmowGY4 https://t.co/m0mAm55Je7 85 favorite
09.18.2020
19:41
#FlappyBird is trending!?! Time to reach for a $NANO classic! Challenge a friend to a game of https://t.co/9Zm4TswlIe 👾🐥 #wechat #tiktok #digitalmoney #videogames #blockchaingaming https://t.co/EBYCtPTFuH 94 favorite
09.18.2020
15:20
Congratulations to https://t.co/Qr6dh785ta winner of the NCPA award for August! Nendly is a new social media platform that infuses game theory into a state-of-the-art voting algorithm, allowing contributors to earn and gift $NANO. https://t.co/Lopca9VbrC 81 favorite
09.14.2020
15:55
We are thrilled to announce George Coxon COO of The Nano Foundation is a member of the panel of judges for the monumental @wirexapp "Rising Women in Crypto Power List" in partnership with @thefintechtimes. Sound like someone you know? @ them below! 👇 https://t.co/j3IGlysP1a 120 favorite
09.11.2020
17:22
Popular retro gaming spot, @PixelBarLeeds, UK - rated number #1 for nightlife on @TripAdvisor invites visitors on a trip back to the future, with an exciting new way win $NANO, by hitting high scores on an all-new @ArcadeNano inspired #SpaceInvaders game. https://t.co/ucxhNuEg6m 119 favorite
09.09.2020
17:00
In case you missed it, check out the interview with $NANO Founder @ColinLeMahieu and the team over at the @keywordcrypto podcast covering hot topics like economies of scale, inflation vs deflation, the importance of social awareness in #digitalmoney. https://t.co/GcKqrRqucs 92 favorite
08.28.2020
14:45
Looking for an quick and easy way to top-up your @WeNanoApp spot? The WeNano team have it covered! Thanks to the recently announced @MoonPayHQ integration you now purchase $NANO through the @WeNanoApp using credit, debit or ApplePay. 👏 https://t.co/26YB9L9zH3 https://t.co/9CMLCOeThy 117 favorite
08.25.2020
16:35
We are delighted to announce @WeNanoApp have launched @WenanoBusiness! Brick and mortar merchants can now increase visibility by registering for a Nano Spot on the @WeNanoApp, create push notifications for in-store promotions, and accept $NANO tips. 👏 https://t.co/39khuBNmWH 136 favorite
08.24.2020
18:30
Planning a holiday to Turkey? 🇹🇷 Thanks to payment processor @CoinGatecom you can now choose to #PayWithNano when booking a stay at Delphin luxury all-inclusive hotels and resorts. https://t.co/w9yzdA7squ https://t.co/rW2kFmAMEQ 86 favorite

There are no events for Nano in the next 3 Months

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Nano Google Trends


The Google Trends chart displays the search interest on google in Nano relative to its peak over the last year. A rising chart shows growing interest int he project.

code Nano Development Analysis

2.2

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Nano Github Analysis

Code Updates (Commits)


Every change to the codebase of Nano is registered as a commit. More active projects have many commits, dead projects nearly none.

Code line changes (+/-)


Extending a project results in many new lines of code. Changing existing code results in nearly the same amount of additions and deletions. Projects that are growing show a large number of code additions with relatively few deletions.

Programming languages

Repository Numbers

star 2,693 Stars
remove_red_eye 244 Watchers
usb 607 Forks
sync_problem 151 Open Issues
border_color 12.18 % Comment Coverage
lock_open BSD 3-Clause License

attach_money Nano Price Analysis

3.9

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Nano Price Prediction

$ 0.717694 (3.18%) arrow_drop_up

Predicted USD Market Price in 24h by Coinpaper

$ 0.567766 (-18.38%) arrow_drop_down

Predicted USD Market Price in 14d by Coinpaper

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Converter NANO - USD

Convert between NANO and USD with the live Nano prices, aggregated from all big exchanges that trade Nano.


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Market insights

Volume from exchanges is considered untrusted if the exchange has little reputation and no License but reports suspiciously high trading volume in particular coins.

account_circle Nano Team Analysis

4.8

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Nano Team

Nano Team Leader

Colin Lemahieu - Creator & lead developer
A software developer for the last 10 years, Colin founded RaiBlocks, now Nano, in 2014. He moved to the project full time in 2017 and is spearheading development of the core protocol. His interests include space technology, physics, and environmental sustainability.


supervisor_accountSocial Network Links

Nano Team Members (14)

Guilherme Lawless

Developer

Zach Hyatt

Project manager

Wesley Shillingford

Protocol developer

Marko Šabec

Full stack engineer

Andy Johnson

Communications manager

launch

George Coxon

Chief operating officer

launch

Devin Alexander Torres

Desktop developer

launch

Russel Waters

Build and test infrastructure development lead

Roy Keene

Lead developer

launch

Mica Busch

Developer

launch

Austin Ramsdale

Community management and support

launch

Troy Retzer

Community & public relations

remove_red_eye Nano Product Review by Coinpaper

4.3

Nano Product description

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The amount of hype the leading giant of cryptocurrency, Bitcoin, has garnered over the years has opened new ways for innovation and success and has single-handedly started an industry of its own. However, there are many shortcomings with Bitcoin and not many people are aware of these limitations. To address these hurdles, many altcoins have emerged on the scenes with promises of bridging these gaps and solving these issues. Nano, being one of them, tries to resolve the network speed issue of the crypto-coins.
Nano was built from scratch and the technology is based on Proof-of-stake and Proof-of-work algorithms. The main purpose of the technology is to make it easier for transaction to be processed as quickly as possible and to bring transactional times down to 0.5 seconds and doing all these without charging any fees or necessarily requiring the need to use much electricity, all while still maintaining decentralization. These incentives make the altcoin the best possible solution for micro-transactions and quick transfers (BitDegree, 2019).

5.0

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The main idea Nano is selling as a product is a blockchain network that supports astonishingly fast transactions. To double the treat, the fast speeds are paired with less energy consumption of the transactional processes and minimal fee charges, all while maintaining decentralization(LeMahieu, 2017).

4.8

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Nano was originally known as Raiblocks, but it was later rebranded to its current name to attract more users. Nano, or Raiblocks, was founded by Colin LeMahieu in 2014. It was a side project at the time, but in the course of working on it, he grew so passionate about the technology that he devoted all his energy towards the development of the coin and has been coding endlessly since 2014 (Walters, 2019).

4.8

How things stand for Nano

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In Feb 2018, Nano made it into the headlines after an Italian cryptocurrency exchange Bitgrail was attacked. The exchange disclosed that Nano tokens were stolen from their exchange and the damages amounted to $150 million. The stolen assets couldn’t be recovered which caused a sell-off.
Soon after, in an interesting turn of events, it was revealed that it was not Nano’s code that was compromised, but Bitgrail exchange’s code that had introduced vulnerabilities in the working of the network and was the reason behind the loss. The owner of the exchange Francesco Firano was ordered to pay the damages to the Nano investors (Hatmaker, 2018).

2.0

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The code is being maintained by the Nano team that remains a very small entity. It is claimed that only around 9 devoted developers are handling the whole project. The team is constantly working on developing the network to achieve faster speeds and a more secure network. Current transactions are mostly processed within two seconds.

5.0

Nano Pro/Contra

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Transactions per second Nano network can handle many more transactions per second compared to other cryptocurrencies.
Transaction speed The transaction speed is much higher compared to other cryptocurrencies. Nano boasts of being one of the fastest networks among other cryptocurrencies.
Transaction cost The transaction fees are much lower on the Nano network as compared to other blockchains.
Energy consumption Nano has decreased the energy requirements for its blockchain.
Decentralization The Nano network is decentralized.
Product availability The product is already available and is already in its working phase.
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Security The security of the Nano network has not yet been tested because it is relatively new, hence, it has not been established.
Adoption Despite its advanced technology, Nano still has not been accepted widely.
Exchange availability Nano is not available on the major trusted exchanges.
Privacy Transactions with Nano are pseudonymous and can be traced.

remove_red_eye Nano Market Review by Coinpaper

4.5

Nano Foresight

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Nano technology holds important incentives that could promote the growth of cryptocurrencies. The transactions are very fast and cheap on the Nano network. Each node on the network still has to compute some calculations as part of the process, but the number and complexity of calculations are much less when compared to other blockchain-based cryptocurrencies. Since the release of version 19 a constant transactional time of fewer than 2 seconds has been recorded.

4.7

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The Nano team makes efforts to keep their community abreast about the progress of the Nano technology. The team posts weekly updates in their subreddit. The upcoming projects are Nano wallets and an optimized upgraded version of the network.

4.6

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The potential for Nano is massive. Its unmatchable speed and scalability make it the best solution for daily transactions and quick funds transfer, currently. If executed correctly, Nano could gain worldwide recognition and become accepted and become a globally used currency.

5.0

Nano Business Case

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There are some altcoins that compete with Nano in terms of what they offer or promise to offer. Several cryptocurrencies are available in the market that offers fast speeds like Nano, however, most of them are based on a centralized network.

4.8

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The marketing strategy Nano is using is not yet a successful and there is no widespread adoption of Nano cryptocurrency that has been witnessed to this day. Nano’s success story is just based off the word of mouth for now. The means of partnership as we define it is the acceptance of businesses or people who use Nano to transfer funds to and from each other’s accounts.
Nano’s success heavily depend upon its active users making transactions using the network and making these transactions using the Nano coin, or when businesses recognize and start accepting Nano as an alternative to cash. What is stopping businesses from accepting Nano and integrating it into their payment systems is that Nano is not a typical blockchain; rather it is based on a Directed Acyclic Graph (DAG) algorithm. This makes it harder to implement unlike other mainstream cryptocurrencies.

3.3

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Nano’s community strengthened within a short while, especially during the days when its price valuation recorded an increase. Developers started developing applications that could enable the use of Nano in stores and small businesses, but its popularity experienced a serious setback after the cyber theft attacks on Bitgrail’s cryptocurrency exchange. An estimated $150 million of Nano tokens were stolen from the exchange.

4.5

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The Nano team has been revealed to be a small group of developers who constantly works towards the improvement of the Nano network. Colin LeMahieu is the team leader and has been working on the project since 2014. He has successfully gathered a team of competent developers to optimize the Nano algorithm.

4.5

compare_arrows Nano Exchanges

Nano Markets

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# Exchange Pair Price 24h Volume Trusted
# 1 Binance NANO/BTC $ 0.703697 $ 843,724 check
# 2 Binance NANO/USDT $ 0.706597 $ 445,945 check
# 3 Binance NANO/BUSD $ 0.704257 $ 88,618 check
# 4 Kraken NANO/USD $ 0.700519 $ 52,753 check
# 5 Binance NANO/ETH $ 0.705154 $ 42,361 check
# 6 Kraken NANO/EUR $ 0.700218 $ 37,675 check
# 7 Kraken NANO/BTC $ 0.704245 $ 25,163 check
# 8 Kraken NANO/ETH $ 0.700998 $ 22,655 check
# 9 OKEx NANO/USDT $ 0.701785 $ 303,300 clear
# 10 Huobi NANO/USDT $ 0.705594 $ 163,449 clear

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