Binance Widget now makes $NANO available. Thus users will be able to easily purchase Nano using a range of fiat currencies without leaving partnering websites and platforms. This is an excellent gateway to adoption.
Sydney Ifergan, the crypto expert, tweeted: “The Nano community is already lucky in having so many wallets to choose from, and most of them are fully featured. Earlier, it was not easy to find a decent wallet. Things have changed.”
Nano cryptocurrency tweeted: “We love to see people contributing from within the #Nano Community and encourage all techies and non-techies alike, to join in on the conversation and find activities that interest YOU at the #Nano forum.”
Colin LeMahieu, CEO and Co-Founder at Nano, recently stated: “Focusing on development may be boring but it gives undeniable results.”
In response to a 30% discount for the Nano Community on credit and debit card purchases in the past, LeMahieu tweeted: “Great to hear the zero fees of the $nano network being passed on to consumers!” – A key to adoption too.
Nano are always making progress. They are humbly and quietly steering their way towards their planned goals.
Nano has been trying to establish themselves with their split-second transactions powered by their novel block-lattice architecture. By virtue of this architecture, every account will be able to have its own blockchain. Thus, they will be able to deliver instantaneous transaction speeds. And, all these with minimal overhead.
Without compromising security, the transactions are kept track of, thus facilitating aggressive database pruning with minimal overhead. Anyone trying to understand the Nano architecture should understand the 4 important components that make the architecture, namely Account, Block/Transaction, ledger, and node.
The block-lattice structure is the difference from the blockchain structure used by other cryptocurrencies. The system was initiated with a genesis account with genesis balance that is a fixed quantity. A transaction can be created after creating an account. An open transaction is typically the first transaction in the network. The transaction should pass the throttling mechanism.
According to the protocol, “The sum of the balances of all accounts will never exceed the initial genesis balance which gives the system an upper bound on quantity and no ability to increase it.”
Different types of transactions are constructed and propagated throughout the network. Nano is worked on to be ideal for peer-to-peer transactions and to be a fee-less distributed Cryptocurrency Network.
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