Nano Cryptocurrency Review. Why is it Relevant?
Nano is attacking the scalability issues that crypto needs to address moving forward, by giving each node it's own blockchain. Transactions will be 2 parts and require transaction generation from the sender and receiver, this eliminates the problems of spam in a fee-less environment.
Micro transactions can occur after you authorize the reception of transactions. This could be considered a concept similar to channels in the lightning network.
While Ethereum will use forks and second layer technologies, many cryptos are now attepmting to get the best infrastructure, right out of the gate. Cardano, IOTA, EOS and more are iterations of technologies that I would consider third generation.
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Ethereum will use forks and second layer technologies I think this is a good way thanks for your kind information about transaction about nano
I also agree with you
@investing Thank you . Frankly, you are doing a job that deserves appreciation and respect
Yeah
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Nano is like ripple but with steroids, i mean the idea of have one blockchain for each user is too much powerful. Regards
The biggest advantages of Nano are its lack of fees, scalability, and instantaneous transactions. Because of the lightweight protocol, there are no fees for transactions. Additionally, transactions are taken care of independently, with each transaction fitting with a UDP packet, preventing block size-related problems.
It really is interesting days in the crypto world with the main issue remaining scalability and most big projects tackling it in a different way. I think the lightning network looks really interesting but then so do many of these other projects. 2018 should be a really interesting year for crypto!
Indeed 2018 will be interesting. Although I haven't really seen anything definitive about why this will beat Ethereum...
it is not by luck that the last 3 days shows massive profits while all the rest of the coins are collapsing
As always very good information, thank you for keeping us informed.
Always give us important and wonderful information. We appreciate your effort
@investig keep it up hero ♡♡
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It is also highly scalable thanks to the use of logarithms of data sets using tree-like structures. Finally, the transactions are instantaneous since they precache the system’s anti-spam proof of work (PoW) to use with the following transaction following completion of each transaction. There might still be a delay for an ongoing transaction, but that helps prevent spam.