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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 220th largest cryptocurrency in the world by market cap, valued at $131,626,889. The current price of Nano is $0.989683, which is -3.840% lower than yesterday. Prices have ranged between $1.046 and $0.979092 over the past 24 hours. All prices are listed in US dollars and accurate as of August 18, 2022 05:08 UTC.

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Nano (XNO) price

Use our graph to track the performance of (XNO) over time.

Nano at a glance

Information last updated August 18, 2022 05:08 UTC.
Coin symbol XNO
Coin Marketcap US$131,626,889
Total XNO supply 133,248,290
Circulating XNO 133,248,290
Current price US$0.989683
All time high US$33.69
All time high date January 02, 2018
Notable team members Colin LeMahieu, George Coxon
Industry Cryptocurrency
Token uses Digital currency
Network Nano

Nano price performance over time

Historical prices compared with the price of US$0.989683.

1 hour 0.16%
24 hours -3.84%
7 days -7.87%
14 days -2.99%
30 days 1.06%
60 days 30.02%
200 days -57.70%
1 year -82.91%

ADA adoption

Globally, roughly 18% of crypto owners say they hold Cardano (ADA), according to Finder's Cryptocurrency Adoption Index. Cardano is most popular with crypto owners in Hong Kong (23%), whereas just 9% of crypto owners in Venezuela say they hold ADA.

The percentage of crypto owners who say they own ADA sits at 18% following the August report, in line with the results from July.

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.

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