/biz/ - Business & Finance

Nano is also fully decentralized, more so than BTC, which has a Nakamoto coefficient of 3. Nano has a Nakamoto coefficient of 5. BTC is beholden to the interests of the Chinese Communist party due to the imbalance of mining that occurs in the East due to the differing costs of electricity. Nano is beholden to the holders and who they delegate it to. It is as simple as going to your wallet and choosing a representative, or even becoming one yourself to decide where the voting weight is distributed. Nano is not subject to the whims of the devs either, who don't even possess a single 1% of the supply. Updates to the network have to be agreed upon and individually applied to the nodes who host the network, and as stated these nodes are given their power in a verifiable vote by the community to reach consensus. At no point in the process is anyone priced out of deciding the future of what Nano is or will be. It is a true decentralized cryptocurrency in every sense of the word.

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