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What is Nano coin and how does it work?

by Financial Economy

Nano Coin (formerly RaiBlocks) is a decentralized, sustainable and secure crypto currency aimed at reducing inefficiencies in existing cryptocurrencies. Designed to create a solution for peer-to-peer value transfer, Nano aims to revolutionize an ultra-fast, free and decentralized network that is open and accessible to everyone. Detailed information about what is  Nano coin and how does it work, how to buy, comments, etc. is in the continuation of the article. You can browse here for information about OKB coin.

What is Nano coin and how does it work?

Nano was developed by Colin LeMahieu, a software engineer with previous experience in tech giants like Dell and AMD. Colin first founded a cryptocurrency called RaiBlocks in 2014 and launched it in 2015. However, with its launch in 2017, RaiBlocks was renamed Nano, and its new formation was launched in 2018.

Nano is the only crypto currency that uses its own technology called the block lattice architecture. In this cryptocurrency, each individual is given its own blockchain, and each transaction its own blog. Each Nano transaction creates its new blog, which replaces the previous one in the user account chain. As a result, each user has a new block that records their updated balance. One of the most important features of Nano is that it charges zero transaction fees as there is no money to be paid to the miners.

So where to buy NANO coin? The nano coin is listed on many exchanges such as Binance and can be purchased from these crypto exchanges. It will be in the interest of the investor to research the cryptocurrency exchange to be traded well and to trade from a reliable and well-known exchange.

The total supply of Nano coins in the market is 133,248,297 NANO. As of 25.06.2021, the value of 1 NANO is around $5.0085.

For information about crypto currency: https://en.wikipedia.org/wiki/Cryptocurrency

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