Nano (NANO)
What is Nano?
Nano is a blockchain designed to tackle classic blockchain challenges, like high fees and scalability. It is meant to be used as a means of payment that is supremely fast, free, and global.
Why does Nano have value?
Nano is ideal for micropayments mainly because it charges no fees at all. However, this means that validators don’t get any reward for contributing to the network. According to Nano documentation, the reward comes in the way of recognition and fame, but there is no economic incentive to do validate transactions on the chain which could lead to security issues or centralization.
What are the Pros of Nano?
● There are no fees.
● Transactions are confirmed instantly.
● It is ideal for micropayments.
What are the Cons of Nano?
● There is no monetary incentive for validators.
● Could become very centralized.
What are NANO’s tokenomics?
The total supply of NANO is 133,248,290, all of which is already in circulation. 5% of this supply was reserved to fund the development.
Who founded Nano?
Colin LeMahieu.
Who are Nano’s investors?
None.
Concise Crypto Grade:
C :We love that Nano provides a fast, free way to send payments globally. However, because there are no financial incentives for validators or nodes there is a good chance that Nano becomes centralized and falls in line with more traditional payment systems. The fact that it is free and fast though; puts it way out in front of traditional finance. We believe that Nano may have a hard time gaining traction within the crypto ecosystem until it figures out a better incentive structure.
Where can I buy NANO?
Binance, KuCoin, Kraken, Huobi Global, Gate.io, OKEx.
What ecosystem does Nano run on?
Nano