This cryptocurrency has the potential to increase over 100x

Nano could be a game changer in the cryptocurrency space

Ticker symbol: (NANO)

Transaction fee: Zero

Transfer speed: 2 seconds on average

What is Nano and how does it work?

This cryptocurrency is one of a kind, formerly known as RaiBlocks before re-branding to Nano, this cryptocurrency does not have a blockchain, instead it uses a concept called “block lattice” where each Nano account has it’s own blockchain and every block contains just one transaction.

This greatly reduces the speed in which transactions can be processed, since the the entire network no longer has to process every single transaction that occurs. Instead each user possesses their own blockchain which synchronises with all of the other blockchains in the network.

Due to it’s architecture, Block Lattice also removes the need for miners to verify transactions and since there are no miners, nobody needs to be compensated with fees, hence the reason why Nano has zero transaction fees.

Nano is able to support fast transactions due to the fact that each users blockchain only tracks their account balance instead of tracking their transaction amounts. This allows the users blockchain to store less data and perform in a more efficient manner.

Nano has a highly scalable network

Nano also solves one of the biggest problems in cryptocurrency which is scalability. The Nano network becomes more efficient which every new user that sends a transaction, this means that transactions continue to become faster the more transactions that take place.

This is in contrast to a lot of other cryptocurrencies which actually become slower when there are too many transactions on the blockchain, in Nano’s case it seems like congestion will never be a problem.

Transactions become faster instead of slower with the increase in transactions.

So to summarise:

Nano uses Block Lattice technology, which is a network of peer-to-peer blockchains, instead of operating on just one blockchain.

Every Nano user has their own blockchain which syncs with other users blockchains.

Since transactions don’t need to be processed, miners are not needed, since miners are not needed, they don’t need compensation, this allows Nano to have zero-fee transactions.

Every Nano users blockchain tracks only their account balance, which reduces data storage and allows for faster transactions.

More transactions actually speed up the network instead of slowing it down.

Nano (NANO) is currently $4.10, it was only 10 cents last year in December and the price rose to $34.43 by January 5th which is a 344x return in less than a month.

The price has settled down due to the current bear market but I expect the price to make a massive recovery and continue it’s growth once we reach the next bull season.

Funny thing is I knew about Nano when it was only a few cents but I neglected to do any research since I was researching ICO’s at the time, luckily the price came down a bit so I got a second chance.

If you want to invest into Nano, you can find it on Binance, however this exchange (like most altcoin exchanges) doesn’t take fiat money, so to buy any altcoins you will need to use Bitcoin (BTC) or Ethereum (ETH) which you can buy from CEX.

This cryptocurrency already did over 100x in less than a month but that does not mean that will automatically happen again, however this project is truly innovative, and the first of it’s kind.

If Nano achieves mass adoption it will be a force to be reckoned with.

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