Nano (NANO)

cryptocurrency
payments
scalable
delegated proof of stake
direct acyclic graph
#50

Marketcap Ranking

0.932271 (0.46%) arrow_drop_up

Market Price (24h change)

124,223,576

Total Market Cap

3.4

4.4

info_outline What is Nano

3.7

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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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Introduction Video

Basics of Nano (XRB) | 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

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

attach_money Product Analysis

4.8

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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.


file_downloadOpen Whitepaper
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Close Competitors

  • 1.) NOS

    NOS (XNOS) is a decentralized cryptocurrency for feeless & instant transfer & store of value.

  • 2.) 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.

  • 3.) 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.

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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 Open Representative Voting, while the underlying algorithm is called Blake2b.
In the current state of Nano currently is Working product

group Community Analysis

4.0

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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 48,183 Subscribers
directions_run 235 Active Users
create 9 Daily Posts
speaker_notes 124 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 5,860 Members
directions_run 321 Online
linkOpen in Telegram

Official Twitter account for Nano

view_list @nano Channel
person 98,131 Followers
11.17.2019
16:01
In case you missed it, @FinancialTimes Currency Corespondent @eva_szalay interviewed Nano Founder @ColinLeMahieu about $NANO and the opportunities for #DigitalMoney to change the world for the better. 125 favorite
11.16.2019
16:21
You can now manage your $NANO on the @binance @TrustWalletApp. Try the future of #DigitalMoney - on Android and iOS https://t.co/VezEJ50U5Z https://t.co/W5elOhRKkc 229 favorite
11.15.2019
11:45
Another full week of $NANO news! - V20 Lydia now live - @Changelly_team adds Nano - @Snapy_io #NanoJam winners announced - One Nano Host subdomain service launched - Notice of changes to the Development Fund https://t.co/4l7YDPDrBm 136 favorite
11.14.2019
16:05
Take a deep dive into some of the anticipated #NANO V20 Lydia performance improvements with this in-depth article from #nanocommunity beta-tester and @nano_faucet developer, Srayman: https://t.co/Vu2LcCYMfh 169 favorite
11.14.2019
09:46
Congratulations to the #NanoJam winners and ALL of the #nanocommunity participants that contributed to a diverse and useful collection of fresh new $NANO projects! https://t.co/J0Wg1YbDmj 106 favorite
11.12.2019
20:15
#Lydia has arrived on the $NANO network - V20 of the Nano node brings a host of fresh optimizations and updates, making the network even more efficient and laying the foundation for important future features. Get the lowdown on Lydia here: https://t.co/IYUp6WJUuA 304 favorite
11.11.2019
12:31
We're pleased to share some exciting news from #SGFinTechFest - @wirexapp announce early access to their highly anticipated Asia-Pacific roll-out. Accessing and using $NANO all over the world has never been easier! Find out more: https://t.co/kQAfLkqnHO https://t.co/0teei8Wo8u 217 favorite
11.09.2019
16:00
With all the exciting news lately in $NANO, it's easy to miss this gem of an interview with the Founder of Nano, @ColinLeMahieu on @BlockchainYT. Make sure to catch up on this if you haven't already seen it. 182 favorite
11.08.2019
09:12
A big week for $NANO! - @krakenfx adds Nano - New https://t.co/XGTa4OlvAr launched - Nano listed on @ProBit_Exchange - @AnchorX_io under the community spotlight Catch up on all the developments in this week's update: https://t.co/2Nrsz1PsSc 218 favorite
11.06.2019
14:36
We're pleased to announce that $NANO is now available on @krakenfx https://t.co/NE2c50T12P https://t.co/52VCSKYo3k 284 favorite

There are no events for Nano in the next 3 Months

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Google Trends Analysis


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 Development Analysis

2.4

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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 2,609 Stars
remove_red_eye 252 Watchers
usb 571 Forks
sync_problem 112 Open Issues
border_color 0.03 % Comment Coverage
lock_open BSD 2-Clause License

attach_money Price Analysis

3.9

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Price Prediction

$ 0.914087 (-1.47%) arrow_drop_down

Predicted USD Market Price in 24h

$ 0.995525 (7.3%) arrow_drop_up

Predicted USD Market Price in 14d

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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 Team Analysis

4.8

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Team

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

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 Product Review by Coinpaper

4.3

How things stand

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On Feb 08, 2018 the Cryptocurrency exchange BitGrail disclosed that Nano were stolen from their exchange. The worth at the time was $ 150 Million. The stolen Nano could not be recovered and caused a sell off. On Jan 29, 2019 the BitGrail Owner Francesco Firano (nickname: bomber) was ordered to return the lost funds to the Nano Investors. There was no problem with the coin but there were vulnerabilities in the code of the exchange.

2.0

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The Nano team is constantly developing the network to make transactions faster and more stable. Current transactions are mostly processed within two seconds. [1]

5.0

Product description

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Nano’s purpose is to process transactions within 0.5 seconds without the need to pay fees, which makes the coin perfect for microtransactions or to transfer money fast.

5.0

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The Nano currencies’ concept is to transfer as fast as possible without using much energy and without having to pay a fee. [1]

4.8

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The founder of Nano (formerly Raiblocks (RBX)) is Colin LeMahieu who’s working on the coin since 2014.

4.8

Pro-Contra

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Transactions per second It can handle many more transactions per second compared to other cryptocurrencies.
Transaction speed The transaction speed is much higher compared to other cryptocurrencies.
Transaction cost The transaction fees are much lower compared to other cryptocurrencies.
Enery consumption The energy consumption is low compared to other cryptocurrencies.
Product availability The product is already available.
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Security Relatively low. The coin is relatively new/unproven.
Adoption The coin has a low acceptance rate compared to other cryptocurrencies.
Decentralization The coin is centralized.
Exchange availability The coin is not available on the major trusted exchanges.
Privacy Transactions with this coin are pseudonymous.

remove_red_eye Market Review by Coinpaper

4.5

Foresight

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Nanos fast and cheap (a node still has to process some calculations first) transactions make it the best tool to transfer funds between two wallets. With release v19 the transaction time was constantly below 2 seconds. [1]

4.7

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The Nano team posts their updates weekly in their subreddit. Big projects are wallets and the constant optimization of the network.

4.6

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Nanos speed and scalability could make it usable for everyday transactions to buy stuff online and in stores. Nano has the potential to become a globally used currency.

5.0

Business

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There are a few coins that try to beat the transaction times of Nano, but all of them that can compete with its time are centralized.

4.8

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There’s no widespread adoption of the Nano currency yet. The means of partnerships here is acceptance of merchants or groups of people who’d use Nano (e.g. To transfer their funds between exchanges without having to pay for it).
Nano would rely heavily on users that transfer their funds with Nano or shops, that accept Nano as a payment alternative. A big problem is, that exchanges hesitate to implement Nano because it doesn’t have a typical Blockchain, but a Directed Acyclic Graph Algorithm and is therefore harder to implement than typical cryptocurrencies.

3.3

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Nano’s community was extremely strong when its value rose fast. People were building applications that would make it easier to implement Nano to stores, but many people got angry of the losses from the thefts in 2017/2018 when the BitGrail exchange got hacked and over $150 Million were stolen over months.

4.5

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Colin LeMahieu is the team leader and has gathered a team of competent developers to optimize the Nano algorithm. [1]

4.5

compare_arrows Exchanges

Markets

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# Exchange Pair Price 24h Volume Trusted
# 1 Binance NANO/BTC $ 0.929161 $ 600,661 check
# 2 Binance NANO/USDT $ 0.928233 $ 150,744 check
# 3 Kraken NANO/BTC $ 0.936217 $ 27,570 check
# 4 Kraken NANO/EUR $ 0.929377 $ 25,676 check
# 5 Binance NANO/ETH $ 0.934032 $ 23,843 check
# 6 Binance NANO/BNB $ 0.930059 $ 11,016 check
# 7 Kraken NANO/USD $ 0.918397 $ 8,604 check
# 8 Kraken NANO/ETH $ 0.937169 $ 6,378 check
# 9 HitBTC NANO/BTC $ 0.929332 $ 210,432 clear
# 10 CoinEx NANO/USDT $ 0.931573 $ 68,285 clear

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