Nano PriceXNO

In this article we are focusing on Nano (XNO) which is a lightweight digital token which is formed to provide secure transactions without fees. This network is believed to be the first to talk about the problem faced by cryptocurrencies. It is a decentralized cryptocurrency that uses a special mechanism known as block-lattice architecture. This technology allows single accounts to have their own blockchain enabling parallel processing of transactions. It has become a best alternative for traditional finance systems. Let us learn everything about this digital coin right from the network's origin to its unique features. We will also shed light on its current state and the possibilities of growth that it has in the coming years.  future prospects, Moreover, we will walk you through the complete process to acquire this digital coin. 

What is Nano (XNO)?

In the year 2015 Colin LeMahieu who is an experienced software developer and engineer launched this digital currency network. It is an eco-friendly digital currency that enables peer-to-peer trade of digital assets without any fees. This network is built on directed acyclic graph network structure Block Lattice. This system enables each account to have its own blockchain. This uses a unique voting based consensus mechanism to bring nodes together. Thus saving a huge amount of energy from getting wested from mining.

What Makes Nano Unique?

There are two distinct features that this digital currency poses which draws it apart from other coins in the crypto world. These aspects are as follows: 

• High Speed Transactions

The main purpose of this token is to provide quick transactions. This speed makes it a perfect option for commercial payments. This will help the retailers and consumers to avoid time wastage and they no longer need to worry about the delayed payments. 

• No Fees Transactions

This network even provides no fees transactions. This is due to the fact that unlike other cryptocurrencies this network token is not built on Blockchain instead it is built on a ledger technology known as Directed Acyclic Graph. This makes it possible for the network to have 1000 transactions per second with the correct hardware and without consuming large-scale energy making it an eco-friendly approach. 

• Block-lattice Architecture 

This network works on a Block-lattice architecture that allows each account to have its own blockchain which is known as the account chain. On this account chain transactions are recorded in forms of blocks. 

• Delegated Proof-of-Stake (DPoS)

The digital currency uses a unique consensus mechanism known as Delegated proof-of-stake. This mechanism allows representatives to choose by account holders to cast vote on disputed transactions which helps to maintain the integrity of the network. 

• Complete Security 

This digital coin takes special care of the user’s security. It uses a unique mechanism to avoid spams and free from scammers 

How is the Nano Network Secured?

The cryptocurrency allows its token holders to choose representatives by voting. The work of these representatives is to cast votes at the time when the network is required to make important decisions.  This protects the network from any kind of attacks or manipulation. Additionally, the network uses a unique  proof-of-work anti spam mechanism to avoid spams. This mechanism prevents the network from any kind of spam or abuse as this network uses small proof-of-work for every transaction.

What Are the Use cases of Nano (XNO)?

This token has a huge number of potential use cases. The best part is that they are spread across different industries. Some of these use cases are listed below:

• Everyday Transactions 

This token is the best choice for day-to-day transactions. Due to its fee less and quick transactions capacity this can be of good use in peer-to-peer transactions. 

• Gaming Industries 

These tokens can be used by gaming platforms. Various gaming platforms can use this token for their in-game transactions. It is mainly a good choice for this industry because it does not take any fees for the transactions. Moreover the payments can be done at lightning speed. 

• Decentralized Exchange 

This network's speedy process of transactions on the network play a vital role in helping decentralized exchanges to do effortlessly.  Moreover, they can also save money by using this platform because there are no transaction fees. 

Where Can You Buy Nano (XNO)?

This network is an eco-friendly network which means they are not mined and the only way to acquire it is by trading through some cryptocurrency exchanges. The reputed crypto exchanges. Some of them are Binance, OKEx and Huobi Global. They are some of  the most popular exchanges that support this coin. 

What is the Process to Buy Nano (XNO)?

The procedure to get this digital currency is very simple. You can follow the below mentioned steps to buy this token: 

• Crypto Exchange Search 

Choose a reputable cryptocurrency exchange which supports this coin for trading.

• Account Creation 

Create an account on that exchange by completing the necessary verification process. 

• Fund Deposit 

Deposit funds into your account. So.e exchange will allow cryptocurrencies some will allow fiat currencies. 

Place Purchase Orders 

Place purchase orders for the required amount of coins and wait.

• Check Coins Credited 

When the purchase order gets confirmed your coins will get credited into your account. 

• Wallet Transfer 

Transfer the deposited coins into safe wallets for avoiding any kind of malicious activities. 
 

Future Outlook of Nano (XNO)

This network has a great future ahead because of these primary reasons: 

• Top Class Features 

Fee-less and quick transaction features of this network makes it not only speedy but also cost effective

• Interested User Cases 

Due to its unique features it has a chance to gain a huge number of use cases. In fact, many are looking forward to utilise this cryptocoin. 

• Talented Developers 

The developers of this network are working round the clock to bring new technologies development that can help the network to achieve widespread adoption, a considerable amount of traction and a significant place in the cryptocurrency market. 

Due to the above reasons this network can prove to be a good investment decision. 

Conclusion 

To conclude, every cryptocurrency faces some kind of risks and challenges that cannot be avoided. Other than that this coin is best suitable for a wide range of use cases. Because of its feeless and quick transactions it can be used for day-to-day transactions as well as for huge transactions. With the enhancing features this network will soon achieve its goal of widespread adoption and prove to be a good alternative to traditional cryptocurrencies as well as financial systems.