Here is why you should revisit NANO, Again (V25)

Hey folks,

Ever thought about taking a second look at Nano (Ticker: XNO)? Here's my attempt to put it under the microscope and weigh in on what I think makes it intriguing.

First, let's do a quick rundown:

• Name: Nano
• Ticker: XNO
• Market Cap: <100M USD
• Use case: Peer-to-Peer Electronic Cash System
• Distribution: Freely distributed via captcha faucet

I would like to point out, despite being dPos, NANO is the only cryptocurrency that has

• No Rewards
• No Staking
• No Fees
• No ICO, Pre/Private Sale
• No VCs

Hence, cannot be called a security IMO. Probably the only dPos coin that can say that right now.

You send 0.00001 NANO, you get precisely 0.00001 NANO. The UX cannot get better than that.

Is it Decentralised?

Yes, Nakamoto Coefficient is on par with Bitcoin. Further due to its ORV design, the more its adopted, the more decentralised it becomes.

What are the cons?

It couldn’t handle spam attacks in the past, as of v22, that was fixed with a new anti spam mitigation system where flow control is done by a new innovative prioritisation algorithm that prioritises a transaction with (User balance*Least recently used) within multiple balances divided into various bucket.

Right now with v25, this has been fine tuned further and similar attacks that were proven to halt the network previously have been easily handled now.

So, what else is not so great?

Scalability is average, current network can do 400 tps. NANO uses a gossip protocol and is limited by hardware and network bandwidth etc. However with Moore’s law, this number has been doubling with time.

Conclusion:

Nano is fast, fee-less and truly decentralised with decent scalability that seem to only improve over time. Its what a non-crypto person, when they first hear of Bitcoin, would imagine it to work like.

Especially now with focus on distribution, rewards and other factors plaguing 99% of the crypto, Nano focuses on achieving the original dream, without any major compromises. It is set to realise the dream that has never been realised ever since Bitcoin came into picture, i.e being a true people’s money that cannot be censored or controlled by any government entity due its design, distribution and technology choices.