Nano
Current price
$0.3200
−2.14%24h
LiveUpdated 49s ago
TodayNano falls 2.1%, outpacing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour−2.14%
- 24 hours−2.14%
- 7 days−5.60%
- 30 days+2.35%
- 1 year−55.03%
Nano's move in context
Beating the market today
−2.14% today against −3.26% for the market as a whole, a gap of 1.1 points. Small gaps like this are common, so they don't point to anything specific.
Trend has turned
−5.6% over 7 days and +2.4% over 30 days: the last week went against the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About Nano
Overview
Nano is a digital currency designed for fast, secure, and feeless transactions. Its core mission is to provide a sustainable alternative to traditional cryptocurrencies, focusing on usability and efficiency. Unlike most cryptocurrencies that rely on mining, Nano uses a unique block-lattice structure that allows for instant transaction confirmation and low energy consumption. This feature positions Nano as an attractive option for both everyday transactions and micropayments, emphasizing financial accessibility globally. Nano's distinguishing characteristics include its ability to handle thousands of transactions per second and its commitment to being environmentally friendly, which sets it apart from energy-intensive blockchain systems.
Technical Features
Nano utilizes a unique architecture known as the block-lattice structure, where each user has their own blockchain, allowing for asynchronous processing of transactions. This eliminates the need for a centralized ledger and reduces congestion commonly seen in other cryptocurrencies. The consensus mechanism employed by Nano is the Open Representative Voting (ORV) model, where account holders choose a representative to validate transactions. This model significantly enhances security and scalability by enabling rapid transaction finality without requiring intensive computational power. Additionally, Nano's algorithmic structure minimizes the risk of double-spending while ensuring that transactions are secure and irreversible, thus fostering user confidence and promoting widespread adoption.
Use Cases
Nano's primary use case revolves around facilitating instant and borderless transactions, making it ideal for everyday purchases and micropayments. Its feeless structure allows users to transfer small amounts without incurring transaction fees that are typical in other cryptocurrencies. Nano can also be integrated into e-commerce platforms, enabling seamless transaction processes for consumers and merchants alike. Furthermore, as the cryptocurrency ecosystem evolves, Nano is exploring potential applications in decentralized finance (DeFi) and smart contract functionality. While it has not fully integrated these features yet, the underlying technology presents substantial opportunities for future enhancements within the DeFi sector.
Development Background
The development of Nano began in 2014 under the name RaiBlocks, and it was rebranded to Nano in 2018. The project was originally created by Colin LeMahieu, who aimed to address the scalability and transaction speed issues faced by Bitcoin and other major cryptocurrencies. Over the years, the Nano community has played an essential role in its growth, providing feedback, development support, and funding. Notable events in Nano's history include the shift from its original proof-of-work mechanism to the current block-lattice structure and Open Representative Voting system, which have contributed to its reputation as a reliable cryptocurrency.
Community and Ecosystem
Nano boasts a strong and engaged community, comprised of contributors, developers, and advocates who actively work to improve the ecosystem. The Nano Foundation plays a pivotal role in promoting the cryptocurrency, fostering partnerships, and supporting various projects built on the Nano network. Additionally, several wallet applications and exchanges facilitate the use of Nano, further enhancing its accessibility. The development community is continually contributing to the codebase, improving the technology, and exploring new use cases, ensuring that Nano remains a relevant and innovative player in the cryptocurrency space.
Future Potential
The future potential of Nano remains promising, given its innovative technology and diverse applications. As the demand for rapid, fee-less transactions grows in the cryptocurrency market, Nano is well-positioned to meet these needs effectively. Upcoming developments include enhancements to its user interface and the exploration of smart contract functionalities, which could expand its use cases considerably. Furthermore, as environmental concerns continue to impact the cryptocurrency landscape, Nano's energy-efficient model may attract users and businesses looking for sustainable options. Overall, Nano's ongoing commitment to innovation and community engagement positions it as a significant player in the evolution of digital currencies.
Nano market
- Position by market cap among the coins we track.
- #248
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $42.64M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $0.3210High $0.4020
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $33.69
- Now 1% of itReached 2 Jan 2018 · Needs +10,428% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 133.25M XNO
- 100% of max
- Coins that exist now and can be traded.
- The most coins that can ever exist. Some coins have no limit.
- 133.25M XNO
- The most coins that can ever exist. Some coins have no limit.
Nano converter
1 Nano = $0.3200
