@globalvillage
8 months ago

What do you think about Nano cryptocurrency?

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Nano is fundamentally very sound project
Nano is the meat & potatoes of what’s the most critically important features of a cryptocurrency. Fast & feeless transactions.

Nano solves the problem of being scalable, decentralized and secure by being the first crypto to use DAG based block-lattice architecture that doesn’t suffer from the same protocol based limitations other legacy blockchain based solutions use.

While Nano does have some infrastructure needed to be a functional cryptocurrency (including merchants, exchanges, payment processors, software wallets, hardware wallets, gambling and betting and games), clearly many other projects have the same/are on their way to achieve the same. Nano is probably one of the most usable coins right now but they need to work on other aspects of their projects as well, not only the technology field. Marketing and building relationships with big players from ecommerce and retail industry is the next task for the team.

Therefore this probably won’t be enough to make Nano a commercially accepted crypto solution, for now at least. Still, there are arguments that Nano is undervalued at the moment, especially if you consider that projects like Bitcoin Gold or Verge are currently above it in market cap. If/when the long-awaited alt season greets the cryptosphere with its divine presence we should expect to see Nano as one of the stronger beneficiaries of it.




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There are some concerns about Nano. 100 addresses hold 65% of all 133 million Nano. Initial distribution to friends of developers, nontransparent distribution method. Who solved the captchas? Where is the audit? Extreme centralization that only got worse with BitGrail, where large holders of Nano (including devs/friends of devs) managed illegally and unethically to get out of the insolvent exchange, leaving normal investors behind to take an 80% loss. 51.27% voting weight, held in 6 addresses, opens vulnerability to devastating 51% attacks. Flawed structure, currently insane 92% of the voting power in the top 1% of the nodes only [14].

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I think that Nano is way behind other project in terms of technology. With last release (Dolphin RC3) the transaction speed returned under 1 second.

NANO is a DPos payment system, it's green, feeless and nearly instant. I think it's the best competitor to Lightning Network.

At the moment it is not well distributed, but the same it's for Bitcoin

The wrong deposits issue on Binance of last month wasn't something related to NANO but to the exchange internal database.




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Millions of USD sold from the Nano Developer Wallet lately, at extremely low prices. Not a good sign that devs are dumping Nano in a fire sale.
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Nano is fast, feeless, and has a nice community and dev team, but they can't seem to get rid of issues with exchanges, bitgrail fiasco / cryptopia delisting over death threats / double deposits on binance and coinex so it's keeping the price down because confidence that this stuff wont happen again isn't there.
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I think the project itself has great potential but on the other hand, the price seems to show otherwise. It seems to me that whoever is in charge of the project is not holding on to the project itself.
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I think that it kind of reached a limit but it's a good project
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Devs are dumping Nano on the market and actually this is very bad!
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Honestly think it has alot of issues that need be figured out but has great potential as its feeles and speedy
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RaiBlocks has been rebranded as Nano Nano – an instant, zero-fee, scalable ... Do you think that a miner-less and free cryptocurrency like NANO has a chance ...
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