Which cryptocurrency do you like ?

in #cryptocurrency5 years ago

View this answer on Musing.io

It's a simple question and you will get a direct answer from me.

Cryptocurrency that I really like is NANO (RaiBlocks). Why?

Nano is a cryptocurrency with zero fees, instant transactions and infinite scalability. It solves the problem that other major blockchain-based protocols are having, namely the issues with scalability, transaction speed and high fees. 

Nano is a directed acyclic graph–based cryptocurrency or in short a ‘DAG-cryptocurrency’.  In a DAG system, there are no miners and there are no large blocks, users confirm each other’s transactions via a process that confirms previous transactions with each new transaction. Because there are no blocks, there is no block size issue and therefore, the block scaling debate seen in currencies such as Bitcoin does not exist. In DAG technology, each new transaction confirms at least 1 previous transaction. 

This is how the Nano and Bitcoin blocks are produced.. BTW, its' current tps rate is 7000 per second, that is 1000 times more than Bitcoin is capable of.


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