• 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

December 1, 2019
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • 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
December 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

Related articles

ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022

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. 

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

ygg sea surpasses 10,000 scholarships in just six months of launch
Alt Coin

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum
Alt Coin

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin
Alt Coin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications
Alt Coin

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin
Alt Coin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
things you should know before investing in nfts
Alt Coin

Things You Should Know Before Investing in NFTs

April 24, 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

Categories

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

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin

Subscribe to Get More!

Loading
  • About Us
  • Contact Us
  • Privacy & Policy

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

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

  • bitcoinBitcoin(BTC)$19,080.62-1.26%
  • ethereumEthereum(ETH)$1,051.32-0.57%
  • tetherTether(USDT)$1.000.03%
  • binancecoinBNB(BNB)$215.47-0.73%
  • cardanoCardano(ADA)$0.448170-0.83%
  • rippleXRP(XRP)$0.312798-0.97%
  • SolanaSolana(SOL)$32.45-1.96%
  • dogecoinDogecoin(DOGE)$0.065651-2.08%
  • polkadotPolkadot(DOT)$6.70-1.34%
  • daiDai(DAI)$1.000.07%
  • tronTRON(TRX)$0.063326-2.72%
  • Shiba InuShiba Inu(SHIB)$0.000010-2.18%
  • leo-tokenLEO Token(LEO)$5.72-1.39%
  • matic-networkPolygon(MATIC)$0.455329-3.67%
  • litecoinLitecoin(LTC)$49.52-1.68%
  • FTXFTX(FTT)$23.94-2.26%
  • OKBOKB(OKB)$12.160.66%
  • chainlinkChainlink(LINK)$6.05-2.24%
  • CronosCronos(CRO)$0.111564-1.16%
  • stellarStellar(XLM)$0.106772-1.32%
  • cosmosCosmos Hub(ATOM)$8.02-1.63%
  • algorandAlgorand(ALGO)$0.304078-0.64%
  • moneroMonero(XMR)$115.700.93%
  • bitcoin-cashBitcoin Cash(BCH)$102.70-0.76%
  • ethereum-classicEthereum Classic(ETC)$14.46-1.93%
  • vechainVeChain(VET)$0.021996-1.34%
  • tezosTezos(XTZ)$1.41-1.29%
  • Internet ComputerInternet Computer(ICP)$5.16-2.75%
  • theta-tokenTheta Network(THETA)$1.213.49%
  • filecoinFilecoin(FIL)$5.24-1.69%
  • ElrondElrond(EGLD)$49.76-1.27%
  • bitcoin-cash-svBitcoin SV(BSV)$52.04-2.71%
  • eosEOS(EOS)$0.92-0.27%
  • paxos-standardPax Dollar(USDP)$1.000.07%
  • makerMaker(MKR)$883.51-2.10%
  • AaveAave(AAVE)$55.47-2.52%
  • iotaIOTA(MIOTA)$0.264753-0.05%
  • zcashZcash(ZEC)$53.330.01%
  • huobi-tokenHuobi(HT)$4.32-0.39%
  • havvenSynthetix Network(SNX)$2.6513.28%
  • basic-attention-tokenBasic Attention(BAT)$0.391877-5.38%
  • neoNEO(NEO)$8.12-1.43%
  • zilliqaZilliqa(ZIL)$0.038118-1.90%
  • wavesWaves(WAVES)$5.09-2.62%
  • dashDash(DASH)$41.93-1.00%
  • PancakeSwapPancakeSwap(CAKE)$3.041.40%
  • KusamaKusama(KSM)$48.22-0.35%
  • nemNEM(XEM)$0.04461114.04%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • CompoundCompound(COMP)$48.011.52%
  • ethlendAave [OLD](LEND)$4.103.48%
  • qtumQtum(QTUM)$2.75-0.76%
  • bitcoin-goldBitcoin Gold(BTG)$15.36-0.74%
  • omisegoOMG Network(OMG)$1.78-0.94%
  • golemGolem(GLM)$0.2322081.84%
  • ontologyOntology(ONT)$0.231506-2.07%
  • SushiSushi(SUSHI)$0.95-2.61%
  • yearn-financeyearn.finance(YFI)$5,593.532.06%
  • umaUMA(UMA)$2.624.30%
  • digibyteDigiByte(DGB)$0.009105-0.69%
  • UniswapUniswap(UNI)$2.4438.80%
Posting....