Zenon Network, a highly scalable low fee platform using DAG (IOTA) with block lattice (NANO) dual coin architecture, is releasing a new wallet called S y r i u s. A state of the art wallet on which anyone can easily store, stake, or manage their ZNN, QSR, and ZTS tokens.
I don't want to make Pumb with NANO, I just want to remember her. Since it is one of the coins that has not risen like the others, I think it has a lot of potential. They have already grown, neo, Ada etc... we will see how far nano will go.
Not No but Yes. Cardano is certainly not a blue chip and it's more like a forgotten stock that's barely doing anything, especially with Charles out there chasing aliens and crying on the internet since the dawn of time. It might be considered a blue chip but it doesn't have the status, nor the hype behind it. Tech is not enough, look at our poor boy NANO I suggest you take that pile of cash and dump it in Cardano. Save this reply and remind me when you're making big buck. Just don't buy Bitcoin or maybe Ethereum, let alone real blue chip stocks that pay dividends and have actual growth
>Nano (XNO) for example is better than ripple in almost every way (tokenomics, decentralisation, distribution, speed, fees, wallet ux, you name it) but look at its market cap... cheaper and faster has diminishing returns. being free vs 0.000001 USD per transaction is negligible. same is true for being 1-2 seconds faster. The issue with Nano is that it requires users to Want to receive Nano. XRP allows token issuances/IOU's (think erc-20 tokens) XRP has a built in DEX, stabecoins, NFT, DEFI, Self-custody staking, smart contract, complex transactions. with XRP if I want to receive Nano but the sender only has XRP, I can configure my wallet to do the conversion Live mid payment so that ANYTHING sent to me gets converted to Nano before it arrives. and I can do that multiple times split into anything I want. I can setup my wallet to receive 20% in gold, 20% in stocks, 20% in BTC, 20% in NANO and 20% in XRP. Nano has great tech because yes it is Fast and yes it is free, but it fails because it assumes people want to receive Nano instead of giving the option to instead.
This is the real deal memecoin. Just sayin. * Excellent comunity. * Stable coin - several years online and with continuous distribution from devs. * Actively contributes to science. * Has contributed to the NANO environment, for example, through the Kalium/Natrium Wallet App.
BTC: first mover meme, relic for collectors. XMR: anonymous transactions NANO: zero inflation for Savings / Risking off, zero fees and instant transactions for IOT, Trading and Commerce. Some "Smart Contract" platform: for trading JPEGs, ETH probably. Some Fiat "Stable" coin: I don't see fiat completely vanishing in 5 years Some Meme coin: dog, cat, frog, hamster coin or something new, this one can shift a lot, hard to predict. Some centralized Corporate VC token: of which 3 lizards control 50-90% of the supply, maybe SOL, XRP, DOT or something else new and shiny to pump and dump.
NANO is a great coin with great tech, no fees, green energy etc. Sadly, as you mentioned, people care more about hype and price movement, not the technology. Which is understandable. Good projects failed and will fail. Some shitty projects will make it to the top.
Way I see it, NANO was rebranded because it was trying to escape its previous reputation with Bitgrail. However, these have stayed in the mind of people who won't forget easily and discourage new or interested people from using NANO. It's like LUNA, the reputation has destroyed the coin from being more widely adopted.
The thing is that you need something more stable as an intermediary when you're transferring large sums & NANO can't be relied upon for that. You can lose a ton of value in the time between onramping & offramping if shit goes south. What a lot of banks typically do is that they hold multiple currencies & use those to transfer internationally. This is more or less how the process works in simplified way: When you transfer, let's say some USD from japan to america. You say to a japanese bank how much you wanna send, they give you an exchange rate (quote) which they guarantee. For example, they tell you that you need to pay 1500 yen and your friend in america gets 10 dollars. Now they're not gonna be exchanging the currency on the market everytime someone does an international transfer. They already have reserves of USD & some other major currencies, they're gonna send 10 USD from their reserves. The receiving bank in america receives USD. Now the USD or other major currencies are relatively stable compared to each other, changes happen slowly. Crypto on the other hand is extremely volatile compared to FIAT. For a bank to do transfers by using a crypto as an intermediary, the banks around the world have to hold a part of reserves in that crypto because excahnging currency on the market for each transfer is inefficient & costly. So, a crypto that can act as an intermediary for transfers need to be stable/ stable-ish realive to FIAT currencies, and NANO is far from being stable.
Ok, not no one cares about NANO but 99% of the world does not, probably even higher. For 99% the world they would much rather receive USDC because USDC already has significantly less inflation than whatever their national currency's inflation likely is. In comparison, if I send someone BTC, it could go up in value or down in value 5%-10% in a day, nano is a small cap so the volatility is going to be a lot worse. Why even risk that? Who cares about inflation if the value of your token is going down much higher than the inflation rate. Secondly, not sure about NANO but with BTC, I'd much rather use something that takes literally almost 0 energy. The world is collapsing around us due to climate change, no way in hell I am contributing to any protocol that is using PoW
High traffic + large amounts of volume will clog it. NANO for example, it is great but couldn't solve spam attacks they had. You can't stake DAG networks, i.e there's no incentive to hodl. It is just my opinion, you could easily create a counter argument by saying well BTC is the same, but there isn't a DAG network as big as BTC.
There are many cryptos that fulfill his specifications, not just NANO. The truth is that world is not ready for mass adoption of a payment crypto that is not pegged to a fiat currency. NANO or a competitor could have the best tech in the world, but people are not ready for a volatile asset being the defacto payment crypto.
The case of NANO and why it hasn't taken off is still a mystery to me. I know there was some network spam problem in the past where transactions got stuck for days but besides that, NANO has always been great and fun to use. As for Coinbase ignoring listing it, that's on them.They list the weirdest coins while ignoring big ones for ages.
tldr; A Canadian elementary school is using the cryptocurrency Banano to teach financial literacy to students. Teachers give out Banano tokens as incentives for good behavior, and students can redeem them at the "Banano Store" for various items and privileges. The use of Banano in the classroom teaches students about earning, spending, and saving, as well as conflict resolution skills. The transactions are instant and feeless, and the digital nature of the currency eliminates the risk of losing physical tokens. Banano is a fork of NANO and aims to provide a user-friendly and fun ecosystem for newcomers to cryptocurrency. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
There are 2 things i truly dont understnad about crypto: 1. how are we all "fine" with tether being #3 in MC with all shady stuff going on? 2. How are we not all over the NANO and currencies that have 0 fees for transactions
Used to buy NANO? A man of a taste I see. Well, we are commenting and posting and "earning" karma aka farming moons. After every snapshot you will get rewards on distribution day based on your activity - upvotes. - check ccmoons. Comments are worth x2. You can check your progress on "ccmoons" - karma estimator. If you sell more then 25% of earned moons, you are losing karma multiplier. Good luck. Ask if you have any questions.
The projects that reached the top through hype can never be sustainable, and given how 99% of what matters in crypto is hype, you know how things are. The projects that arent hyped are sustainable yet very undervalued, like NANO!
> People not being interested in NANO (edit: XNO) and how it works just shows how people don't care about technology and are all about hype and money... That's absolutely not true. I'm not using any crypto as currency that didn't have complete decentralized distribution. Nano pre-mined for the Nano Foundation. If you are going to create a decentralized currency it better have decentralized distribution.
>People not being interested in NANO (edit: XNO) and how it works just shows how people don't care about technology and are all about hype and money... And then you have me who tried Nano many times and even read the white paper (as a developer myself) and came away thinking this thing wont scale. Down-vote me if you want, I am just telling you that whales may have the same view on Nano. You can't keep saying people are not interested because Nano was big in 2017-2018 and we all knew about it.
>Wont that change with one tweet, literally, if recognition is the only thing that matters, coz everything else is in place for NANO, recognition will or might come any second. No, it won't. A tweet might cause hype or FUD, resulting in some fluctuation in the daily chart, but you are delusional if you believe/hope that it can drive or even just ignite what's needed for Nano to reach Bitcoin's level of name recognition.
Although this is a nice shill for NANO, ultimately you're missing the point that Musk is going to make the stupidest decision whenever faced with one. He'll be using Doge, Pepe, or some other dumb project that has no utility. Instant settlement with zero fees? That'd be just way too intelligent.
I think NANO is a great fit for a global payments solution because it offers zero fees, instant settlement, decentralization, and strong security. It has been continuously developed since 2015, with version 25 bringing further improvements.
Well you can use Binance or Kraken. What matters is to send that XNO to your non custodial wallet or somewhere else where exchange doesn't have the last say. Since it is free you won't have any issues. There are multiple NANO wallets that you can use for that cause.
Zero Fees is the differentiator imo. If everything they pay for becomes 2% cheaper they will. No other crypto in the entirety has ZERO FEES whilst being decentralized + fairly distributed. I don't know why people are not focussing on these fundamentals. No other coin does it like NANO does.
Ideally you want to receive BTC because it's the most popular coin that your maximum number of customers may own. The problem is it is slow to confirm unless using Lightning Network (which most customer's wallets will not support). Your best bet is to investigate some existing third party solution that will take the hit on the delay in return for a fee. It'll probably make your tax reporting easier too. Native crypto isn't fit yet for merchant transacting. It would be if a different coin was more widely held but unfortunately not many people own XRP, XLM, BTC, LTC, NANO and similar.
Found this in an old thread about the coin mentions... anyone still holds these coins? 2021-08 ADA craze 2021-09 NANO hits the top for one day (this happened after Elon's tweet about excessive crypto energy use 😀) 2021-10 SHIB craze 2021-10 LRC craze 2021-11 CRO craze 2022-03 Crypto crash: total coin mentions hit <3k a day for the first time 2022-05 LUNA / UST hits the top after the depeg
If you ever look at a NANO transaction explorer you will see that 99% of the very very few transactions that actually occur are pretty much exactly this. For *fractions* of a coin. The transactions also all seem to bounce around between the same few wallets too, almost as if someone has setup some kind of a bot or script to do this as a means of generating network activity.