• Latest
Nano May Emerge As Bitcoin’s Strongest Rival, Yet Platorm Remains Vulnerable

Nano May Emerge As Bitcoin’s Strongest Rival, Yet Platorm Remains Vulnerable

Dezember 1, 2019
6 Questions for Rene Reinsberg of Celo – Cointelegraph Magazine

6 Questions for Rene Reinsberg of Celo – Cointelegraph Magazine

März 31, 2023
Judge denies SEC motion to keep Hinman docs secret in Ripple case

Judge denies SEC motion to keep Hinman docs secret in Ripple case

März 31, 2023
The ultimate guide to Miami – Cointelegraph Magazine

The ultimate guide to Miami – Cointelegraph Magazine

März 31, 2023
Dr. Jane Thomason – Cointelegraph Magazine

Dr. Jane Thomason – Cointelegraph Magazine

März 31, 2023
1658007797 celsius is bankrupt with 12b balance sheet hole su zhu.jpg

Celsius is bankrupt with $1.2B balance sheet hole, Su Zhu returns to Twitter and OpenSea purges 20% of employees: Hodler’s Digest, July 10-16

März 31, 2023
6 Questions for Lisa Fridman of Quadrata – Cointelegraph Magazine

6 Questions for Lisa Fridman of Quadrata – Cointelegraph Magazine

März 31, 2023
Jed McCaleb empties XRP wallet after eight-year selloff

Jed McCaleb empties XRP wallet after eight-year selloff

März 31, 2023
Celsius has finally filed for bankruptcy: Law Decoded, July 18-25

Celsius has finally filed for bankruptcy: Law Decoded, July 18-25

März 31, 2023
The ‘godfather of crypto’ risked lifetime in jail, laying foundation for Bitcoin – Cointelegraph Magazine

The ‘godfather of crypto’ risked lifetime in jail, laying foundation for Bitcoin – Cointelegraph Magazine

März 31, 2023
SEC objects to XRP holders aiding Ripple defense

SEC objects to XRP holders aiding Ripple defense

März 31, 2023
Blockchain technology is transforming the real estate market – Cointelegraph Magazine

Blockchain technology is transforming the real estate market – Cointelegraph Magazine

März 31, 2023
1658612147 nfts banned in minecraft sec lists 9 tokens as securities.jpg

NFTs banned in Minecraft, SEC lists 9 tokens as securities and 3AC founder blames cockyness for company meltdown: Hodler’s Digest, July 17-23

März 31, 2023
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Alt Coin

Nano May Emerge As Bitcoin’s Strongest Rival, Yet Platorm Remains Vulnerable

coinnewsdaily by coinnewsdaily
Dezember 1, 2019
in Alt Coin
0
Nano May Emerge As Bitcoin’s Strongest Rival, Yet Platorm Remains Vulnerable
191
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

There is no shortage of cryptocurrencies challenging Bitcoin’s hegemony, yet Nano stands out among them due to its unique architecture and function. Although it is far from the most valuable of Bitcoin’s rivals, there is no doubt that it has the potential to become a dominant player in the crypto space. As altcoins continue to recover, Nano supporters are clearly expecting the platform to take a bold leap forward.

Bitcoin and Nano both have singular functions in that they serve to store and transfer value. They are not designed for more advanced operations such as smart contracts or Internet-of-Things. Others in this sector include Dash, Zcash, Monero, and Litecoin. 

Related articles

StarCard Sports Games Launches “Legends” Initiative for New World Football Alliance; Partners with Ashley Cole and Roberto Carlos

StarCard Sports Games Launches “Legends” Initiative for New World Football Alliance; Partners with Ashley Cole and Roberto Carlos

Juli 29, 2022
Top 3 cryptocurrencies that are faring the best in the 2022 bear market

Top 3 cryptocurrencies that are faring the best in the 2022 bear market

Mai 24, 2022

The Nano team has, by any measure, designed a platform that is remarkably well suited for this purpose. Instead of a blockchain, Nano uses a direct acyclic graph (DAG) that creates a single chain between each sender and receiver. This unique design enables extremely high performance. Most transactions are fully confirmed in well under one second with tremendous capability for scaling. The ledger is also incredibly lightweight, requiring much less storage than competing blockchain platforms. Most notable is the fact that transactions are feeless, making Nano perfect for microtransactions or small purchases. 

Nano recently made headlines when U.K.-based Kappture, a producer of point-of-sale hardware and software, adopted it for integration into their equipment. The company has released several videos demonstrating the technology in action, and has stated that Nano is the only cryptocurrency that meets its standards for security, speed, and reliability. Should this partnership succeed it is easy to see similar players following suit. A developer has also just released a Nano plugin for Unreal Engine, which will enable game developers to integrate Nano micropayments into gaming platforms. 

It is worth noting that Nano has one significant weakness. The lack of fees makes it possible for a malicious actor to overload the network with large numbers of transactions. Such a spam attack would bloat the ledger and grind legitimate transactions to a halt. The Nano team is well aware of this issue and is working on a solution, yet until it is deployed the vulnerability is very real. 

There is no question that Nano is a potential game-changer in the crypto space. In fact, Nano supporters routinely accuse Bitcoin advocates of undermining the platform on social media. The extent to which such activity is taking place is certainly debatable, but Nano’s performance is clearly enough to make Bitcoin investors nervous. Should the solution to the spam attack issue prove effective, Nano will be in a position to render all but the most advanced blockchain platforms obsolete. 

With a market cap of just over USD $100 million, Nano is still far less valuable than Bitcoin or many other platforms designed for direct payments. Nevertheless, the crypto revolution remains in its infancy, and many platforms are certain to rise and fall before a clear picture emerges of which will be mass adopted.

Disclaimer: CoinNewsDaily is not associated with the Nano team in any capacity and this article should not be taken as financial advice.

 

Tags: Alt CoinAltcoinInternet-of-Thingsmalicious actorpoint-of-sale hardwareproducersocial media
Share76Tweet48
Previous Post

XRP Technical Analysis. Death Cross Printed

Next Post

PODCAST: Altcoins and Ancient History with Litecoin’s Charlie Lee

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

StarCard Sports Games Launches “Legends” Initiative for New World Football Alliance; Partners with Ashley Cole and Roberto Carlos
Alt Coin

StarCard Sports Games Launches “Legends” Initiative for New World Football Alliance; Partners with Ashley Cole and Roberto Carlos

Juli 29, 2022
Top 3 cryptocurrencies that are faring the best in the 2022 bear market
Alt Coin

Top 3 cryptocurrencies that are faring the best in the 2022 bear market

Mai 24, 2022
Monero enters ‘overbought’ danger zone after XMR price gains 75% in two weeks
Alt Coin

Monero enters ‚overbought‘ danger zone after XMR price gains 75% in two weeks

Mai 24, 2022
Price analysis 5/23: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB
Alt Coin

Price analysis 5/23: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB

Mai 23, 2022
arthur hayes to serve 2 year probation owning up to bitmex’s aml mishap
Alt Coin

Arthur Hayes to serve 2-year probation owning up to BitMEX’s AML mishap

Mai 23, 2022
Top 5 cryptocurrencies to watch this week: BTC, BNB, XMR, ETC, MANA
Alt Coin

Top 5 cryptocurrencies to watch this week: BTC, BNB, XMR, ETC, MANA

Mai 22, 2022
Load More
Next Post
PODCAST: ‘Let’s Talk Bitcoin!’ Hosts Discuss Libra, China and Cargo Cults

PODCAST: Altcoins and Ancient History with Litecoin's Charlie Lee

Kategorien

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • 6 Questions for Rene Reinsberg of Celo – Cointelegraph Magazine
  • Judge denies SEC motion to keep Hinman docs secret in Ripple case
  • The ultimate guide to Miami – Cointelegraph Magazine
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

Please enter CoinMarketCap Free Api Key to get this plugin works.
✕
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev