Nano Coin: How the Recent Developments Will Shape the Future of Nano Holders

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Nano Coin: How the Recent Developments Will Shape the Future of Nano Holders

Wed Jul 04, 2018 1:05 pm

The Technology behind Nano:

Nano coin is an ERC-20 token which is based on the DAG algorithm along with a private code known as Block Lattice. In lieu of Bitcoin’s proof of work protocol, Nano uses a DPoS (Delegated proof of Stake) protocol that not only increases its transaction speed but also the security of its ecosystem. The main reason behind this currency’s popularity so far has been its instantaneous transaction system and high scalability. Both DPoS protocol and the Block Lattice code are responsible for maintaining this feature. The Block Lattice code enables the fast transaction system by operating transactions on a separate network away from the main chain. As each transaction is conducted on separate blocks, the block size issue gets resolved right away.

RaiBlocks was rebranded to Nano in almost the same time of Bitcoin’s downfall and one simple change has transmogrified its position in the market. Nowadays, security and scalability are major issues that most cryptocurrencies are working on perfecting. As Nano has incorporated this feature from the very beginning, it serves as an extra advantage. With the new developments around the corner, Nano’s blockchain system is likely to become even more impregnable and efficient. Although it is nearly impossible to foresee any coin’s future, it is safe to say that Nano holders can expect a prosperous 2018 if the current trend continues. ... o-holders/

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