Here we have another interesting project for you!
Nano is a trustless, low-latency cryptocurrency that utilizes a novel block-lattice architecture, where each account has its own blockchain and achieves consensus via delegated Proof of Stake voting. Offers feeless, instantaneous transactions, as well as unlimited scalability, making Nano ideal for peer-to-peer transactions. The network requires minimal resources, no high-power mining hardware, and can process high transaction throughput.
Their ledger in fact is is the global set of accounts where each account has its own transaction chain This is a key design component that falls under the category of replacing a run-time agreement with a design-time agreement; everyone agrees via signature checking that only an account owner can modify their own chain. This converts a seemingly shared data structure, a distributed ledger, in to a set of non-shared ones.
In other words With Nano , each account has their own blockchainEach individual user provides the computational power for the verification of theirown transactions, meaning entire network is not required to update the overall ledger together in massive blocks.
They claim they processed 4.2 million transactions with the ledger size of only 1.7GB.
This makes over 10K transations per second.
Their team consist of 12 people mainly experienced developers.
Colin LeMahieu – creator and lead developer - a software developer for the last 10 years, Colin founded RaiBlocks, now Nano , in 2014. He moved to the project full time in 2017 and is spearheading development of the core protocol. His interests include space technology, physics, and environmental sustainability.
Nano has a very good note on coincheckup (4,3/5) which makes it ranked on 5th place – WOW.
They also have a decent group of supporters – nearly 100K followers on Twitter and 41K on Reddit.
Nano is also supported by Nano Ledger which is very cool. You can store in your private cold wallet.
Technical details analysis:
- Elliot wave pattern finished – expected the new one – uptrend this time
- We are at the very low of Fibonacci scale
- MACD positive divergence
- Weis – no yet but set your alarms to be aware of the intensified interest
Target 1: 0.0009269
Target 2: 0.0012597
Target 3: 0.0015287
Target 4: 0.0017977
Target 5: 0.0021817
Target 6: 0.0026685
Stop – loss: 0.004100
Guys what do you think of this project? Is it truly innovative?
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