Nano - NANO

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Qwahzi
16 day ago

2

Nano is a digital version of cash that allows payments to be sent directly from one person to another. There is no middleman, no fees, and no inflation. No one can take your Nano from you, no one can print more, and your transactions cannot be arbitrarily censored or reversed. It is similar to Bitcoin, but has zero fees, near instant deterministic finality, environmental friendliness, and scalability.

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Qwahzi
5 day ago

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Every Nano account has its own list of transactions that only the owner can update. Each transaction contains the account's current state (i.e. balance & representative). Account owners broadcast new transactions to all representatives, who verify that the transactions follow the rules & haven't been seen before. If valid, the representatives respond with their vote (based on balance + delegated votes), & each node then confirms the transactions after seeing enough votes

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Qwahzi
16 day ago

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Nano shares Bitcoin's core properties (decentralization, limited supply, censorship-resistance, self-sovereignty, etc), but it has zero fees, near instant confirmation, environmental friendliness, 1st layer scalability, and even more decentralization. Nano's only goal is to be the most efficient peer-to-peer digital cash possible.

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isthatrhetorical
15 day ago

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There were many conversations about this. A majority felt that maintaining the faucets was distracting from actual project development, so the faucets were turned off and the undistributed funds sent to a burn address. Burnt funds are mathematically impossible to access; the private key is unknown, and any attempt to spend from the burn address will be rejected by the network similar to a double spend attack. https://twitter.com/nano/status/921519522183462913

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isthatrhetorical
15 day ago

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It's hard to prove with 100% certainty, but with the data we have available and current capabilities to analyze it; it's distribution was more provably fair than most Top 10 MCap coins today (including Bitcoin). https://np.reddit.com/r/nanocurrency/comments/h7fmge/the_nano_faucet_distribution_visualized_and/ https://imgur.com/umfKMTO https://nanex.cc/accountstats?account=nano_13ezf

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