Nano (NANO)

Fast, scalable, feeless and ecofriendly transactions

#62

Marketcap Ranking

0.708451 (1.76%) arrow_drop_up

Market Price (24h change)

94,399,833

Total Market Cap

3.3

4.4

info_outline What is Nano

3.2

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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

Basics of NANO (XRB) (previously known as RaiBlocks) [Explained in under 2 minutes] | Money Investing University

What is NANO? Nano's primary focus is on innovating in the areas of transaction speed and scalability In this video I will cover the basics of NANO, previously known as RaiBlocks ...

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Screenshot from Website

nano.org
Nano Websitemore_vert

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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.) Banano

    Don't let your memes be dreams! Banano is a fourth-generation cryptocurrency that offers feeless, instant and green transactions. It utilizes a novel DAG (Directed Acyclic Graph) based block-lettuce™ architecture, where each user possesses his own blockchain. Banano is a meme cryptocurrency with a free and fair ongoing distribution.

  • 2.) EOS

    EOS is a cryptocurrency token and blockchain that operates as a smart contract platform for the deployment of decentralized applications and decentralized autonomous corporations.

  • 3.) XRP

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

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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 2-Clause "Simplified" 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 Delegated Proof of Stake, while the underlying algorithm is called DPoS.
In the current state of Nano currently is Working product

group Nano Community Analysis

4.0

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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 48,717 Subscribers
directions_run 352 Active Users
create 10 Daily Posts
speaker_notes 123 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 5,555 Members
directions_run 338 Online
linkOpen in Telegram

Official Twitter account for Nano

view_list @nano Channel
person 97,612 Followers
01.29.2020
14:01
#Cryptocurrency swap service @ChangeNOW_io recently published a recap of an insightful community AMA with $NANO Founder @ColinLeMahieu to celebrate the launch of their new fiat-to-Nano onramp. https://t.co/tPNdAgvMvR 91 favorite
01.28.2020
15:00
We recently took a look at some of the ongoing research into improving the $NANO #ProofOfWork algorithm, which rate-limits transactions on the network. If you want to learn more or would like to contribute to the discussion, then visit the Nano forum: https://t.co/nespHv8nfD 129 favorite
01.26.2020
19:03
Congratulations to the @GhanaNano on the successful funding of the upcoming #NanoMeetup in Kumasi!! Credit to @TheNanoCenter and #nanocommunity for supporting this exciting $NANO project to spread awareness in Africa. https://t.co/sceMSgIKfJ https://t.co/wGk3hBrhaO 84 favorite
01.24.2020
17:31
Catch up on all the $NANO news in this week’s update: - @ChangeNOW_io announce fiat to Nano purchases - Nano Foundation attending @CoinFestUK - New #development builds for Nano Node V21 - @GhanaNano Meetup proposal fully funded via @TheNanoCenter https://t.co/cfAjLvyt94 109 favorite
01.24.2020
13:54
And we're looking forward to attending! We are very excited to show attendees with a passion for #cryptocurrency just how much progress the $NANO ecosystem has made in becoming an accessible and intuitive solution to #decentralized #DigitalMoney. https://t.co/PV66ooM14A 133 favorite
01.23.2020
21:27
Calling all #nanocommunity beta testers - The latest $NANO developer build is now ready for testing and is focused on introducing new node telemetry data sharing between peers. See the forum discussion for more information. https://t.co/pZdlXIZEoQ 136 favorite
01.21.2020
17:02
When was the last time you checked the status of your $NANO representative? If your rep is offline, slow, or has a lot of voting weight, consider changing to another more robust representative. Check out new reps using https://t.co/hX9ZSesJcd 87 favorite
01.20.2020
17:02
Are you looking to learn more about $NANO, want to run a node or integrate #digitalmoney into your service or app? You can find everything you need to know in our documentation: https://t.co/cbD9Ydbaop #MondayMotivation 114 favorite
01.19.2020
17:10
$Nano community manager and developer of @nano_links, Joohansson, wrote a handy guide to the newest @Ledger integration for Nano, @Magnum_Wallet Check it out here: https://t.co/qELENpc2PF 99 favorite
01.18.2020
17:01
A concise look at the phenomenon of emergent centralization in securing #cryptocurrency - by $NANO Founder @ColinLeMahieu https://t.co/1KVj8zy3Y5 145 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

2.6

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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 2,622 Stars
remove_red_eye 250 Watchers
usb 579 Forks
sync_problem 128 Open Issues
border_color 0.07 % Comment Coverage
lock_open BSD 2-Clause License

attach_money Nano Price Analysis

3.4

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Nano Price Prediction

$ 0.702932 (-0.34%) arrow_drop_down

Predicted USD Market Price in 24h by Coinpaper

$ 0.668391 (-5.23%) 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 Lead

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

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

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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

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.
Enery 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

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

Business

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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 $ 0.707082 $ 1,938,802 check
# 2 Binance NANO/USDT $ 0.712355 $ 256,441 check
# 3 Binance NANO/ETH $ 0.706467 $ 37,163 check
# 4 Kraken NANO/EUR $ 0.709622 $ 18,761 check
# 5 Binance NANO/BNB $ 0.708952 $ 14,625 check
# 6 Kraken NANO/BTC $ 0.711583 $ 7,696 check
# 7 Kraken NANO/USD $ 0.711764 $ 4,529 check
# 8 Kraken NANO/ETH $ 0.712007 $ 789 check
# 9 Huobi NANO/USDT $ 0.709646 $ 75,560 clear
# 10 HitBTC NANO/BTC $ 0.706425 $ 72,280 clear

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