Nano Cryptocurrency Network Is Powered By Talented PeopleJanuary 14, 2020
Colin LeMahieu, Founder of Nano Foundation, software engineer and inventor, stated in the past month tweeted: “Maintaining strong principle representatives is what keeps
$nano highly decentralized.” He also said in the past that “Speed matters and nothing beats $nano.”
In a previous interview with Changelly, Colin stated: “Rather than asking a user to pay Nano to send a transaction, the network requires a minimal Proof of Work to be attached to each transaction to prove its validity. This all happens behind the scenes within the software, and the proof of work can be pre-computed, allowing the transactions to be exceptionally fast, as well as fee-less.”
Joohansson, Community manager detailed on how to send $NANO by making use of an offline device in a video guide. The Nano account is secured with a seed, which controls the private keys.
Offline storage and offline signing is a secure method in performing transactions. The data is non-sensitive and cannot be altered in a way to compromise the funds.
Nano Links tweeted: “Announcing #KeyTools, a brand new set of secure, high-performance web tools for $Nano!”
Nano Network Visualizer
The Nano Network visualizer comes from nano-faucet. Real-time cryptocurrency transactions can be seen on the network as they occur, and investors can explore it at their leisure. Every block is represented by a circle. And, the size of the circle increases based on the amount transferred.
Srayman, the community member, submitted a proposal to the Nano foundation for development purposes. Nano is evaluating the proposal for probable inclusion in the future node releases. Discussions about the proposed optimization are ongoing in the forums.
- Proposal #1 — Increase Initial Fanout and Reduce Rebroadcasting Blocks.
- Proposal #2 — Nano Node Network Structure Changes.”
Nano Cryptocurrency Network and Talented People
Nano cryptocurrency network is powered by talented people. The network makes use of a private and public key system to send and receive the blocks. In the nano network, the seeds/private keys are very important to secure the cryptocurrency.
The price of Nano has been trending at $0.633261. On the list of updates to the Nano ecosystem, the chief notable information is about:
- Update on the PoW research for the Nano.
- Release of Key Tools for Nano.
- Release of Nano Africa Website.
- Nano Xmas tree recap.
- Canoewallet end of service.
Nano is the future of money as it makes money more efficient. It is ideal for peer-to-peer transactions.
Nano tweeted about Pippin, a new Nano wallet meant for developers. Those who are looking to #BuildOnNano and do not know which $NANO wallet to use will do well with Pippin. Pippin assures high performance and is production-ready.