What Is Nano?
There is one aspect that practically no cryptocurrency has taken into account when starting operations. It is the pollution generated by the crypto world day by day. The mining processes, which consume an enormous amount of electrical energy, are highly polluting. This fact was taken into consideration by an engineer Colin LeMahieu, who launched RaiBlock in 2015, a cryptocurrency that tried to be environmentally friendly. In 2018, it experienced a brand change and became Nano, under the Nano Foundation, which it currently operates with.
Nano's fundamental goal, like that of most cryptocurrencies, is to be a viable alternative to fiat money. It allows people around the world to use Nano Blockchain to carry out financial transactions and acquire goods and services.
But, unlike other cryptocurrencies, Nano tries to achieve this goal in an eco-friendly way, not contributing to the emission of polluting gases into the environment. In addition, it aims to maintain a point where no fee is charged for conducting operations within the blockchain.
To avoid collaborating in the pollution of the environment, Nano has devised a system so there is no need for mining in the emission of the cryptocurrency. For which, it launched its own emission system through captchas. Thus, anyone who wanted to acquire Nanos (Raiblock at the time) since 2015 only had to enter the foundation faucet and solve various complex captchas from which he would obtain a certain amount of Nano. This allowed to democratize the use of this blockchain since expensive hardware is not necessary to perform captchas and obtain the currency.
In addition to this, Nano has created a platform that allows its users to carry out financial transactions, paying absolutely no commission. It makes an abysmal difference when compared to the high commissions charged by international financial institutions and other cryptocurrencies.
Pros and Cons of Nano
+ Nano is one of the few cryptocurrencies in the world that care for the ecological well-being of our planet. And from this point of view, it is an undoubtedly unique case among virtual currencies, allowing to differentiate itself in such a crowded market. It has a noble goal and can attract the media’s attention since ecological initiatives have been on the rise recently.
- However, Nano's technical capabilities do not live up to its ecological commitment. It aims to perform the same operations that can be carried out with other crypto assets, only in an ecological way. Nano crypto does not really provide an incentive for users to migrate from their trusted currencies to Nano coin. It is crucial for the cryptocurrency to be able to differentiate itself from other more veteran ones, such as Bitcoin itself, or else, it would condemn itself to anonymity, and therefore its effect on the environment would also be reduced.
Where to Buy Nano?
Nano coin is available on a large number of exchanges, namely Binance, Kraken, KuCoin, Huobi Global, OKEx, DigiFinex, CoinBene, Mercatox, HitBTC, DragonEX, Bitvavo, CoinDCX, Gate.io. and ProBit Exchange. The trading happens in pairs of Nano to USD, BTC, USDT, ETH, EUR, BCH, BNB, BUSD, DOGE, XRB, and KRW.
Storing NANO: Best Nano Wallets
Nano has managed to build enough alliances with third-party organizations to guarantee a sufficient offer of NANO wallets for its entire community. Therefore, you can store your Nano coin in native digital Nano wallets of the Nano Foundation, such as NanoVault, or in world-renowned wallets, such as Exodus or Trust Wallet. Nano Ledger wallet may be called one of the best hardware wallets for Nano coin. Other options listed on the official website include Natrium, Magnum Wallet, BrainBlocks, Atomic Wallet, Canoe, Nanollet, Nanowallet.io, Ninjavault, Pippin.