Its current market capitalization is US$280 million. Nano (XNO) price went up 23.77% to US$2.12 at 4:13 am ET, Thursday. However, the transaction times varies depending on hash rate, total network activity etc.įor Nano, the better speed is due to ledger technology, directed acyclic graph (DAG), Nano is built around.Īlso Read: Why is PancakeSwap (CAKE) crypto rising?Īlso Read: Why is The Sandbox (SAND) crypto gaining attention? Price and performance: ![]() ![]() This can be understood by the average confirmation time, which is approximately 10 minutes for a BTC payment. Most Nano transactions are finalized within less than a second, confirming its claim of providing the speedy transaction. Notably, Bitcoin also does not support any other function except a means of payment as an alternative to fiat money.Īlso Read: Why is ShibaDoge (SHIBDOGE) rising today? The Nano network does not provide support for other functions such as smart contracts and decentralized applications. The only purpose of creating this coin was to perform the function of a means of payment. In 2021, the company changed its ticker to XNO and the sign to Ӿ. There was no technical change except the name, which the company founders thought, was more suitable to represent their vision. Raiblocks (XRB) was a cryptocurrency project that started in 2014 and later changed its name to Nano in January 2018. Nano has gone through a lot of changes since its launch. This ORV system is energy efficient compared to the proof-of-work (POW) system used by other cryptocurrencies.Īlso Read: Why is ECOMI (OMI) crypto gaining attention? ![]() Unlike other platforms that use combined proof-of-work of mining networks to achieve consensus, Nano uses Open Representative Voting (ORV) to confirm blocks of transactions securely. Nano is a cryptocurrency aimed to provide secure, instant payments without fees to eliminate the legacy inefficiencies of the other cryptocurrencies. The reason for the quick surge could be attributable to the overall market sentiments where the global crypto market rose 2.79% to US$1.82 trillion in the morning hours on Thursday, March 17.Īnother reason could be the announcement by Fiatom.io, a crypto exchange, where anyone can earn US$50 in XNO by just commenting, tweeting, and retweeting Fiatom’s latest article on its website. Nano (XNO) cryptocurrency’s one-day volume surged 1,174.37 per cent over the previous day as the virtual currency appeared to gain investors’ attention.
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