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Nano coin (XNO) which is a currency that can be used in daily life for fast and costless transactions, has been seeing a steady increase in its popularity. But what are the reasons behind NANO’s increasing popularity?
What is NANO?
Specific blockchain for each account: In Nano, there is a specific blockchain for each account and these blockchains create a more broad and decentralized network. Every transaction gets validated in this user’s computer so the whole network doesn’t need to be synchronized in huge blocks with the full ledger.
Hidden Proof-of-Work: When transactions send, NANO wallets hides the anti-spam proof-of-work beforehand. Since both parties have the proof-of-work, transactions validated in real-time.
Easiness of Node Operating: Since the protocol is highly lightweight and works without ant problem, operating a node has never been easier with Nano. Nano transactions are validated without any cost. Every transaction fits into one UDP package and transactions work independently from each other. Thus, problems with block size just disappear.
Colin LeMahieu founded Railblocks in 2015. We can identify this platform which took the “Nano” name afterwards as a payment platform in which delay time is at the minimum level. The platform which is pretty ideal for P2P transactions offers 3 advantages for cryptocurrency users:
Instant transactions. Nano transactions completed instantly and offer daily life usage of Nano.
Zero commission. From bus ticket to first-class flight ticket, you can buy everything with NANO without commission or fee.
Infinite scalability. NANO has 1000 times more transaction capacity than Bitcoin and because of that, you don’t have to wait for more for transactions.
How to Buy Nano (XNO) ?
You can buy popular cryptocurrency NANO from Binance, Bit-Z, and KuCoin cryptocurrencies.
