Nano, which got listed in Huobi is striving to bring digital currency to masses.

On October 31st, 2018, Leading digital exchange Huobi announced the listing of Nano, which brought the innovative concept of block-lattice architecture to the blockchain world.Huobi, which is known for the high-quality listing standard has selected Nano based on their vision to bring digital currency to masses.

A brief history about Nano.

Nano, which was termed initially as Raiblocks was developed by Colin LeMahieu. He has begun the development of the project in 2014 and in October 2015, the project was officially launched.

Nano never held any ICO; instead, it distributed the tokens via Raiblocks faucet system. Users had to solve the CAPTCHA and upon completion were rewarded with tokens. The faucet ran till October 2017 and allocated 39% of the planned supply. (Interesting Fact: For some members from low earning countries like Venezuela and the Philippines, faucet solving was like a daily job and earned tokens were sold in OTC market @ 1 cent, supporting their livelihood).

Nano was under the radar until Jan 2018. In Jan 2018 Nano won the community listing in a Top exchange which brought the project into the limelight as well as skyrocketed the Token price to ATH of 37$.

Rebranding and Initial challenges.

On Jan 31st, 2018, Raiblocks was officially rebranded as Nano

The biggest set back to Nano came on Feb 8, when the Italian exchange BitGrail was hacked. Bitgrail was the leading exchange for Nano, and $150 Million worth of Nano was lost in the hack which was never recovered.

Product Overview — Own your Blockchain

The unique feature of Nano is that it utilizes a novel DAG (Directed Acyclic Graph) based block-lattice architecture, where each user possesses their own blockchain.

In block-lattice architecture, each user will possess their blockchain, which will be controlled by his/her private keys. The block lattice architecture is designed to be an improvement upon the current blockchain models which suffers from slowness, scalability issues, and high fees. In the case of Nano, it takes just 3 seconds to confirm each transaction, ahead of XLM with 5 seconds and Ripple with 10 seconds. Also to be noted, zero fees which make its an ideal candidate for the Financial services industry.

Nano secures its ledger through the use of dPoS. As per dPoS model, users have the ability to choose a representative node to vote on their behalf. DPoS is a faster and cheaper alternative to PoW (Proof of Work), which is used by Bitcoin and Ether but less decentralized.

Team

The Nano team is lead by Colin LeMahieu who is the Creator & Lead Developer. He is supported by other teammates with expertise in a mix of technology and business direction.

Token Performance

From $ 0.01 to ATH $ 37, Nano was considered to be one of the best performing coins during the Bull run. Currently, it is ranked 35th in the coin market cap with a daily trading volume of 2.5 Million USDT. Currently the token trading in a range of $1.85–$1.95 slowly rising in value.

How to store Nano

It’s easy to store Nano. Either you can store the assets in a trusted exchange like Huobi, or you can download your own Nano wallet from the website. You can either create an online web wallet or download locally to your PC or Mobile.

End Notes.

As the majority of the projects out there, Nano is also trying to solve the blockchain drawback of like Scalability, High Fee and Slowness. What gives Nano an edge above others is that it has a fully working product whereas the majority of the projects are still in the Whitepaper or Testnet stage. NANO do not promise a lot of flashy things but provides you with an experience of instant transactions, unlimited scalability, and Zero fees which truly makes it one of the most promising projects of 2018–19.Does Nano sound interesting? You can buy Nano from Huobi as well as other leading exchanges.If you don’t have a Huobi account, You can sign-up using this link here !!!

Disclaimer: This is not an invitation or an offer to buy or sell cryptocurrencies, nor is it a recommendation to buy or sell specific types of cryptocurrencies. Consider your investment objectives, level of experience, financial resources, risk appetite, and other relevant circumstances carefully. The possibility exists that you could lose some or all of your investments, including your initial deposits. If in doubt, please seek independent expert advice.