The A-Z of Nano
#Nano
is a digital currency with many interesting characteristics but it can be daunting to take it all in at first.
Let's break it down a bit 🧵
$XNO #Ӿ
Ask any
#Bitcoin
enthusiast whether the network is currently secure, and they will undoubtedly respond with "Yes". Hash rate is down 50% from its highs so if the network is still secure, doesn't that mean that lost hash rate was all energy waste previously?
@elonmusk
Hi Elon, I made this graphic to show you how $NANO is at least six million times more energy efficient than
#Bitcoin
. It also improves in other areas like zero fees and near-instant confirmations. It is the end destination for your
#digitalcurrency
search.
@brian_armstrong
#Nano
does everything you describe and better. Confirmed in under a second and feeless (yes, zero cents).
Also requires no mining (eco-friendly), it's decentralized and fully distributed (no inflation).
And it does this all on Layer 1 🤯
Also not listed on Coinbase 🤷♂️ $XNO
@loshan1212
@itsALLrisky
For those bad at math 👆, 100X higher transaction volume with 100X lower fees means total fees earned stay same. Low fees & high volume are needed to become currency of Earth.
#nano
is one of the very few digital currencies that has the potential to scale for global adoption 🌐 This is because it has no scalability limitations imposed via its protocol. Its scalability is only limited by the hardware and network speed underpinning the network. $XNO
The $NANO network has processed more transactions (1,600,894) in the past 24 hours than both
#Bitcoin
(339,580) and
#Ethereum
(1,242,987) combined.
And the total fee cost of all those Nano transactions? Zero dollars.
@Bitstamp
If you would like a superior and eco-friendly value transfer solution, please list $NANO. Trading volume aside, I'm certain that users would use it to move funds in and out of the exchange due to its near-instant settlement time.
Correct me if I'm wrong but isn't $NANO the first time in human history that you transfer a unit of value to another party on the other side of the world, in under a second, without losing any of that value, and in a permissionless manner?
Tell me again how Nano has no use case.
#dogecoin
's transaction fee is now $1.24 and it adds 5.256 billion coins per year to its supply.
$NANO transaction fee is always $0 and it adds zero coins per year to its supply (fully distributed).
I know which one I'd pick.
Ӿ2,857,770 has been paid out to
#miners
by
@pool2miners
since they activated $XNO payouts in October last year.
That equates to 2.14% of the entire
#nano
fixed supply. Just one service created this demand, amazing 🤯
Source:
I've been active on $NANO-Twitter for 2 or so years now, and let me tell you I've never seen so many new faces talking about Nano. If you are one of those new faces, welcome to the
#NanoCommunity
👋
The $NANO network processed 2 million transactions in the past 24 hours alone.
For comparison, the most transactions
#Bitcoin
has ever processed in a day is 500,000
For
#Ethereum
it was 1.4 million
When
#nano
pumps 30-50% in a day, I don't even get that excited. I just think to myself that this should be normal for something so undervalued. Eventually we will learn its true market value. $XNO
Today's $NANO transaction fee is $0.00
Tomorrow's Nano transaction fee will be $0.00
This time next year a Nano transaction fee will be $0.00
In 100 years from now a Nano transaction fee will be $0.00
Need I go on?
#Nano
and
@coinbase
:
- Nano community tweeted at Coinbase every day for one year straight
- Has the most upvoted post of all time on /r/coinbase
- Aligns perfectly with their mission
- Tell you how to buy $XNO but don't list it themselves
What more is needed to list Nano? 🤔
No matter what your favorite
#cryptocurrency
project is, can we agree it's amazing that one just performed 4 million confirmations over 24H, with an average confirmation time of 0.376s, feelessly, all over a decentralized network. A sign of how far the space has evolved.
$NANO
Fun fact:
#Nano
tipping (via
@NanoTipBot
) beat the volume of Twitter's integrated(!)
#LightningNetwork
solution 🔥 And that's just ONE of the $XNO tip bot solutions.
Nano tipping would work on Twitter
@elonmusk
Real-time demonstration of
#NanoGPT
(paid with feeless
#nano
$XNO) to generate an image using
#DALLE3
. So easy to use and responsive 🔥
#AIArtwork
#AIart
(turn on sound for added effect 🔊)
The longer
@coinbase
takes to list $NANO, the larger the "coinbase list Nano pls" crowd will grow. Memes will be made, articles will be written, investors will wonder what the heck is going on.
If
@X
was to integrate $XNO it would quickly become the number 1
#MoneyRemittance
service in the world. This is because it could take advantage of
#Nano
's zero fee advantage to undercut the competition. This is not possible with other crypto projects like
#Bitcoin
due to fees.
Facebook's
#Libra
currency has fees, will not be available in every country initially and you will store your Libra in their custodial
#Calibra
wallet (i.e. you don't control your private keys).
$NANO is feeless, truly global and you control your private keys.
Easy choice.
Many times when I send $XNO and it arrives at its destination in under a second, I mutter to myself "why isn't this a top 5 project already?".
Anyone else?🤓
#nano
Message to tech journalists - green, eco-friendly crypto is a trending topic right 🌲 Look into $NANO, a
#cryptocurrency
that improves upon
#Bitcoin
and does so without an energy-intensive mining process ⛏️🚫
Things you can do while waiting for a
#Bitcoin
transaction:
✅ Make a cup of coffee
✅ Eat a sandwich
✅ Watch an episode of Seinfeld
✅ Answer an email or two
Things you can do while waiting for a $NANO transaction:
✅ Blink once
I guarantee you if
@Steam
starting accepting $NANO digital payments they would never need to drop support as they did with
#Bitcoin
.
A zero fees
#DigitalCurrency
is a game-changer 🌏
The fact that
#NANO
is ranked outside of the top 100 coins by market cap, but has still has one of the most active communities should tell you that it is going to be a success long-term, no matter what.
Imagine the activity if / when it gets back inside the top 20? $XNO
A $NANO-themed article is currently the
#3
trending article on
@Medium
's home page. Amazing visibility for the most efficient and sustainable digital money on the planet 🌐
#Nano
is the number one topic on Reddit /r/cryptocurrency again. That seems strange for a coin with a market cap less than $100 million. Could it be that Nano is more special than almost everyone realizes? $XNO
"most energy efficient cryptocurrency” and "environmentally friendly cryptocurrency” are breakout searches
“how does bitcoin use energy” +1,050%, past week US
The $NANO ecosystem got itself a social network, AR treasure-hunt game, decentralized blogging, pay-for-content extension, RPG, privacy mixer, WhatsApp bot, new iOS wallet, fitness app, and much more just in May alone 🤯
Has this been the most productive month for any coin ever?
Once the backlog from this year's large spam attack on the $NANO network is cleared (and it's making great progress), the recent changes to the node software should make it unlikely that this backlog situation will happen again. Potentially promising.
$NANO opens new business models for
#gaming
🎮🔥
@wezrule
speaking on
@YahooFinance
:
"We have seen a gradual shift from purchasing games to subscription models . . . I think we can go one step further and actually you only pay for what you use"
Even though $NANO wasn't specifically designed for gaming, the simple way it allows value transfer is opening doors for new
#gaming
possibilities 🕹️
Think of a currency that spans countless games, that's what
#Nano
#DigitalMoney
is quickly becoming 🔥
#GameDev
#IndieDev