THE SLEEPING GIANT AWAKENS

[Anonymous No.17172564]

>https://en.wikipedia.org/wiki/Nano_(cryptocurrency)

Nano (NANO), formerly RaiBlocks (XRB), is a decentralized, open-source, peer-to-peer cryptocurrency, based on directed acyclic graph (DAG) technology, released under the FreeBSD License. It facilitates feeless transactions without intermediaries by utilizing a distributed ledger.[1]

Officially announced in a whitepaper on 21st November 2015 by its creator Colin LeMahieu,[2] Nano is built to be microtransaction-friendly, with the overall goal of scalability while maintaining simplicity for end-users. Unlike Bitcoin and the original blockchain technology, no traditional Proof-of-Work system is required, allowing for feeless, near-instantaneous transactions, with the number of transactions the system can handle being simultaneously unlimited and scalable.[3][4]

History
Creation
Development of Nano began in 2014 by Colin LeMahieu, under its original name of RaiBlocks[5], and was publicly announced in October 2015.[6] Distribution of Nano began in October 2015 via a free public captcha-faucet that ended in October 2017, by which point 126,248,297 NANO out of the total supply of (2128 - 1) / 1030 NANO had been distributed.

The Nano Foundation, a non-profit software development company, started by Colin LeMahieu, reserved 7 million Nano dedicated to the continued development of the protocol. The remaining undistributed supply of 207,034,069 NANO was removed from the supply and sent to a burn address without the possibility of recovery. As a result, the maximum supply of Nano is 133,248,297 NANO.

On January 31, 2018, Raiblocks rebranded to ‘Nano’ to better resonate with the public and mainstream audience, as well as remove any confusion around the pronunciation of Raiblocks.[7]

[Anonymous No.17172578]

BitGrail Exchange Hack
On February 9, 2018, BitGrail, an Italian cryptocurrency exchange, announced its shutdown, reporting unaccounted losses of 17 million NANO from its wallets, preventing users from accessing assets stored on the platform.[8][9]

Victims of the exchange hack sought recoupment through the Italian court system and, supported by the Nano Foundation, launched a class-action suit against the BitGrail exchange owner, Francesco Firano. In January 2019, the Court of Florence found Francesco Firano liable for the losses after discovering that the exchange had failed to implement any meaningful safeguards to ensure the safety of their customers’ funds and failed to report losses from as early as July 2017.[10] As of December 2019, bankruptcy proceedings are underway.

Other notable events
In July 2018, Nano was featured in Bitcoin Magazine for being used in a fundraising effort to purchase over 200 pounds of food for Venezuelan families.[11]

On June 19, 2019, Kappture Labs announced they would be integrating Nano into their customer-facing payment terminals, publishing a whitepaper alongside explaining their rationale for choosing Nano over other cryptocurrencies including Bitcoin, Ethereum, and Ripple.[12][13][14][15]

In August 2019, Nano was featured in a Yahoo Finance article about a real-time interactive bird-feeder that converts cryptocurrency to donations to feed birds and is live-streamed on YouTube.[16] According to the article, the bulk of the donations were made in Nano, though the bird feeder also supported Bitcoin, Dogecoin, and Litecoin. Yahoo Finance speculated that one reason for Nano’s popularity for this usecase was because transactions via the Nano protocol are costless.

[Anonymous No.17172594]

>>17172578
In October 2019, Nano developer Wesley Shillingford released a demo which showcased a new plugin for the Unreal Engine. This plugin allows game developers to add real-time in-game micropayments using Nano.[17] The demo showcased payments made to the player as they killed monsters and collected powerups.

In December 2019, Nano was highlighted in a Decrypt article after being used in a $1000 Twitter donation to billionaire Twitter philanthropist Bill Pulte.[18]

Design
Block Lattice
Unlike conventional blockchains used by many other cryptocurrencies, the Nano protocol utilises a block-lattice data structure[19], a unique implementation of a directed acyclic graph (DAG) where each account on the network has its own blockchain, equivalent to the account's transaction and balance history, where each block contains a single transaction.[20][21][22] Each account-chain can only be updated by the account's owner; this allows each account-chain to be updated immediately and asynchronously to the rest of the block-lattice, resulting in quick transactions. In addition, a voting-based consensus algorithm called Open Representative Voting is used to prevent double spending.[23][24] All transactions are voted on by user-selected representative nodes before being immutably and irreversibly confirmed.[1][25]

Criticism
Unlike traditional proof-of-work cryptocurrencies, due to the novel architecture employed by DAG-based cryptocurrencies and a lack of peer-review, there remain some uncertainties with respect to real-world scalability, alongside difficulties implementing functioning nodes on exchanges. Stress tests have however been undertaken by Nano developers.[26]

Bitcoin core developer Gregory Maxwell has criticised the zero-fee structure through its use of block lattice, following independent research suggesting a user could achieve centralization for as little as $3 million. [27][28] Subsequent versions of the Nano protocol have addressed this issue.

[Anonymous No.17172657]

The future is, ironically already here.

[Anonymous No.17172808]

NANOBTC

4H: we are printing a symmetrical triangle heading up, probably will breakout soon.

https://s3.amazonaws.com/tradingview/snapshots/v/VpiZO27v.png

1W: Looks like we are going to break this falling wedge sooner than expected.

https://s3.amazonaws.com/tradingview/snapshots/w/WYi6nqWG.png

NANOUSD

4H: Ascending triangle on the chart and breakout of the 1$ mark soon

https://s3.amazonaws.com/tradingview/snapshots/j/JZNQJK9x.png

[Anonymous No.17172824]

Your bags must be heavy as fuck for you to write a 4 page cope

[Anonymous No.17173167]

>>17172824
Chainlink wiki for comparison:

https://en.wikipedia.org/wiki/Chainlink_(disambiguation)

Chainlink (disambiguation)
From Wikipedia, the free encyclopedia
Jump to navigationJump to search
Chainlink is chain-link fencing, a type of woven steel fence.

[Anonymous No.17173186]

>>17173167

[Anonymous No.17174042]

>Pumps your bags
>Charges nothing