Small, but perfectly formed
Region: Europe
Feb 12, 2019, 10:49:07 AM Published By Wirex Team
Here at Wirex, were always looking for exciting projects that will offer our customers something different, to help us cater to every type of crypto-user. Thats why were so pleased to introduce the latest coin to the Wirex family, Nano (NANO). It joins Bitcoin, Litecoin, XRP, Ether, WAVES, Wollo and DAI as the latest cryptocurrency that Wirex users in the EEA can buy, store, convert and spend, quickly and simply.
As the world becomes more eco-conscious, the environment is an important consideration for any crypto intent on becoming a global currency. Nano is designed to address this issue. Rather than relying on power-hungry mining to secure the network, Nano uses a process called Delegated Proof of Stake. This model gives the user the freedom to delegate their voting stake in the network to any representative they choose, who in turn uses the stake to vote on consensus. This emphasis on decentralisation and responsibility defines Nano.
Why Nano?
Nano is a next-generation cryptocurrency with great potential. It aims to create opportunities for individuals and communities to interact with the global economy on a more even playing field, by offering features unmatched by legacy blockchains. Like Wirex, the team behind Nano endeavours to makes money more efficient, for a more equal world - and were delighted to be a part of those plans.So what makes Nano different?
The important underlying technology that differentiates Nano from other cryptocurrencies is the concept of the Block Lattice. In the Block Lattice, every account has its own blockchain - rather than sharing one single chain in which everyone is competing to get their transactions into the head block. This unlocks a world of functionality. By allowing simultaneous transactions, there is no limit to how many can be processed at once, resulting in incredibly fast transfers and huge scalability that can be achieved with very little energy expenditure.
As the world becomes more eco-conscious, the environment is an important consideration for any crypto intent on becoming a global currency. Nano is designed to address this issue. Rather than relying on power-hungry mining to secure the network, Nano uses a process called Delegated Proof of Stake. This model gives the user the freedom to delegate their voting stake in the network to any representative they choose, who in turn uses the stake to vote on consensus. This emphasis on decentralisation and responsibility defines Nano.