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Nano price, market cap on Coin360 heatmap

Nano(XNO)

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$1.2502
(0.89%)
0.00001816 BTC
Market Cap (Rank#309)
$166,590,575
2,420 BTC
Vol 24h
$1,678,804
24.392 BTC
Circulating Supply
133,248,297
Max Supply
133,248,297

About Nano?

The live price of Nano (XNO) today is 1.2502 USD, and with the current circulating supply of Nano at 133,248,297 XNO, its market capitalization stands at 166,590,575 USD. In the last 24 hours XNO price has moved -0.0044 USD or -0.00% while 1,864,684 USD worth of XNO has been traded on various exchanges. The current valuation of XNO puts it at #309 in cryptocurrency rankings based on market capitalization.

Learn more about the Nano blockchain network and how it works or follow the price of its native cryptocurrency XNO and the broader market with our unique COIN360 cryptocurrency heatmap.

Introduction

Nano (XNO) is a digital currency designed to offer instant transactions, have zero fees, and operate with a high degree of scalability. It was developed to address some of the most significant issues facing cryptocurrencies today: scalability, transaction speed, and energy consumption. Nano's unique block-lattice architecture, where each account has its own blockchain, sets it apart from other digital currencies.

Technology & Mechanism

Consensus Mechanism

Nano uses a unique consensus mechanism known as Open Representative Voting (ORV). Unlike Proof-of-Work or Proof-of-Stake, ORV allows for faster and more energy-efficient transactions.

Blockchain Technology

Nano operates on a block-lattice architecture, a type of blockchain technology where each account has its own blockchain, allowing for faster transaction times and lower energy consumption.

Key Features

Scalability

Nano's block-lattice architecture allows for greater scalability, as each account's blockchain can update asynchronously to the rest of the network.

Security

Nano's ORV consensus mechanism ensures that the network remains secure, even if some representatives become malicious.

Privacy

While Nano's transactions are public, users can maintain privacy by using multiple accounts.

Decentralization

Nano's network is fully decentralized, with no central authority controlling transactions or the supply of Nano.

Development Team & Governance

Nano was developed by Colin LeMahieu, a software engineer with a background in distributed systems. The project is now maintained by the Nano Foundation, a non-profit organization that also oversees the protocol's governance.

Use Cases & Potential Impact

Nano's instant and fee-less transactions make it ideal for everyday transactions, microtransactions, and peer-to-peer transfers. It could potentially disrupt traditional payment systems and become a viable alternative to fiat currencies.

Purchase & Storage

How to Buy

Nano can be purchased on various cryptocurrency exchanges, including Binance and Kraken. It can be traded for other cryptocurrencies or bought directly with fiat currencies.

Wallets & Storage

Nano can be stored in a variety of wallets, including hardware wallets, desktop wallets, and mobile wallets. The Nano Foundation also provides an official wallet.

Partnerships & Collaborations

Nano has partnered with various businesses and platforms to increase its adoption. These include Kappture, a point-of-sale system, and Pundi X, a cryptocurrency payment platform.

Roadmap

Nano's future plans include improving network scalability, developing light wallets, and increasing adoption through partnerships and integrations.

Risks & Challenges

Like all cryptocurrencies, Nano faces challenges such as regulatory uncertainty, market volatility, and technological hurdles. However, its unique architecture and dedicated team position it well to overcome these challenges.

Community & Regulatory Compliance

Community

Nano has a vibrant and active community, with numerous online forums and social media groups dedicated to discussing the project.

Regulatory Compliance

Nano is committed to complying with all relevant regulations and works closely with legal experts to ensure its operations are lawful.

In conclusion, Nano is a unique and innovative cryptocurrency that offers instant, fee-less transactions. Its unique technology and strong community make it a promising project in the cryptocurrency space.

Nano Price1.2502 USD
Market Rank#309
Market Cap166,590,575 USD
24h Volume1,678,804 USD
Circulating Supply133,248,297 XNO
Max Supply133,248,297 XNO
Yesterday's Market Cap162,928,192 USD
Yesterday's Open / Close1.2271 USD / 1.2227 USD
Yesterday's High / Low1.2455 USD / 1.1857 USD
Yesterday's Change
0.00% ( 0.0044 USD )
Yesterday's Volume1,864,684 USD
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