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Nano (XNO) price, chart, coin profile and news
Find the latest Nano (XNO) price, coin profile, news and history to get you started with Nano trading and investing.
What is Nano?
Nano is a scalable, feeless, and environmentally friendly digital payment protocol that is designed to address the inefficiencies of traditional financial and blockchain systems. The system achieves this via a novel data structure called the Block Lattice - a type of Direct Acyclic Graph. The Block Lattice lets users control their own mini blockchains, enabling transactions to be confirmed fast and without conflict. Originally launched in 2014, the Nano transactional payment system is seeking to improve on Bitcoin, which is plagued by slow transaction times, high fees and extreme energy consumption.
According to the project’s website, unlike conventional blockchains, Nano requires very little energy to run thanks to its distribution approach, lack of transaction fees, and novel consensus mechanism called Open Reserve Voting (ORV). ORV improves on Bitcoin’s Proof-of-Work (PoW) consensus mechanism by using delegated weighted voting. Delegated weighted voting requires minimal resources to achieve network consensus in comparison to PoW. Thanks to the internal infrastructure, block times can be less than 1 second in comparison to Bitcoin’s 10 minutes.
XNO is the native token of the protocol and is used to transfer wealth. Due to the lack of transaction fees, when 1 XNO is sent, 1 XNO coin is received. The number of merchants, platforms, and charities that accept XNO is steadily growing thanks to the efforts of the Nano Foundation - a non-profit entity that seeks to accelerate the adoption of decentralised payment networks.
Nano (XNO) is the 216th largest cryptocurrency in the world by market cap, valued at $145,365,331. The current price of Nano is $1.091, which is 3.801% higher than yesterday. Prices have ranged between $1.12 and $1.05 over the past 24 hours. All prices are listed in US dollars and accurate as of May 28, 2022 07:05 UTC.
Nano (XNO) priceUse our graph to track the performance of (XNO) over time.
Nano at a glance
|Total XNO supply||133,248,290|
|All time high||US$33.69|
|All time high date||January 02, 2018|
|Notable team members||Colin LeMahieu, George Coxon|
|Token uses||Digital currency|
Nano price performance over time
Nano in the news
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Disclaimer: Cryptocurrencies, including Nano, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of XNO is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Nano or any other cryptocurrency discussed.