All the best Nano Coin News from your friends at Cryptocurrency Posters. Every day we curate our top articles covering everything you need to know today regarding Nano. Check out the feed below or jump to our Nano FAQ:
Need help with Sia Central Lite Wallet and Nano S
by /u/cryptotentnew on February 17, 2021 at 4:01 am
Anyone have success using the Sia Central Lite Wallet with the Ledger Nano S? I have a couple of questions if you have experience with this wallet. When I first went to the wallet website the message below appeared. "Your browser does not support local data storage, all data will be erased when you close this tab. To prevent loss when creating or recovering wallets export the seed outside of your browser tab" Understood, I will use a different browser, but what does it mean when it says "recovering wallets export the seed outside of your browser tab"? I thought the seed is never known except by the owner of the Ledger nano, so why would it even ask to export the seed outside the browser? submitted by /u/cryptotentnew [link] [comments]
Left doge for Nano
by /u/SisypheanExistance on February 17, 2021 at 3:38 am
Doge is fun and all but Nano legit seems like the future of crypto. This community seems legit and not just greed fueled. That’s it. I just needed to say that. submitted by /u/SisypheanExistance [link] [comments]
Poker at LuckyNano.com
by /u/Explicit65 on February 17, 2021 at 2:34 am
LuckyNano.com has been getting some action! There has been a poker nano cash game going for almost 2 days now. It had very little action when I first learned of the site, so this is great. There is no rake at the poker tables! Creating an account, depositing and withdrawing is free and very fast. You only need an email. Come check it out! submitted by /u/Explicit65 [link] [comments]
New to Crypto and Nano! Point a fool in the right direction?
by /u/ser_antonii on February 17, 2021 at 2:01 am
Hello all! Just downloaded Natrium after hearing about Nano and love the concept behind Nano and the Natrium app itself is amazing! I’m fairly new to crypto and only own a few small cap coins through my Gemini and Crypto.com wallets. I just wanted to know if someone could give me advice on getting started so I can be a part of the Nano community! I hear there are ways to get free Nano sent to my wallet? Can someone explain this a bit (I’ve even heard of a geolocation type of way of earning Nano like PokemonGo)? Also, my wallets do not have Nano available on them yet. What is a good way to purchase Nano if I wanted? Any advice or help would be greatly appreciated! Thanks! submitted by /u/ser_antonii [link] [comments]
The next industry that we should be working on getting to adopt Nano is...
by /u/SoylentCreek on February 16, 2021 at 11:54 pm
...Porn. It's no secret that porn is a technological trendsetter, and with many creators moving into tip-based live shows, and paywalled content such as OnlyFans, there is a ripe opportunity for Nano to move into this space. If you're someone who works in the industry either as a creator or a developer, this would be a perfect opportunity to really flex just how amazing this currency is. submitted by /u/SoylentCreek [link] [comments]
What can we do to get Nano listed on Coinbase?
by /u/w1llpearson on February 16, 2021 at 10:22 pm
I’ve seen some threads saying that Coinbase are avoiding listing and keep promising that they are looking into it. What can be done as a community to push this forward? It would make Nano more accessible for millions of people. submitted by /u/w1llpearson [link] [comments]
FynCom begins marketing its killer use of Nano with KarmaCall to stop phone spam calls.
by /u/AdrianEGraphene1 on February 16, 2021 at 9:35 pm
submitted by /u/AdrianEGraphene1 [link] [comments]
As someone new to Nano I'd be interested in your opinions regarding the downsides of Nano mentioned in this thread such as no incentive to run nodes and how Nano was initially distributed?
by /u/Schwalli on February 16, 2021 at 8:44 pm
submitted by /u/Schwalli [link] [comments]
The amounts of Nano withdrawals from binance is booming. Keep the trend up 🚀
by /u/AstronomerDecent3973 on February 16, 2021 at 7:59 pm
submitted by /u/AstronomerDecent3973 [link] [comments]
This Youtube channel has 1M subscribers and accepting Nano as a donation
by /u/Joohansson on February 16, 2021 at 6:49 pm
This is not a premium post but thought it was kind of nice! Agadmator's Chess Channel. Example video (check the description) https://preview.redd.it/9c9ei4e9yvh61.png?width=2065&format=png&auto=webp&s=fa22e77000d8d45922e26a5ed0f38f8eef0212f5 submitted by /u/Joohansson [link] [comments]
The zero-fee proposition - Why I think Nano's lack of fees provides all the right incentives for security and decentralization
by /u/SenatusSPQR on February 16, 2021 at 5:17 pm
Hey guys. I often see questions asking how Nano can have no fees and yet still incentivize people or businesses to run nodes (representatives, those that confirm transactions). I've been thinking about it a bit, and I actually think that in the long run, having no fees is one of the best ways to combat centralization. So in this post, I’ll explain how a zero-fee proposition provides plenty of incentives in theory and practice, and why having zero fees makes Nano more secure than other cryptocurrencies. It's a bit of a long read, but I'd love to hear opinions on it. I'm comparing mostly with Bitcoin's PoW here, but the argument holds for most fee- or inflation based cryptocurrencies. Classical incentives, such as in Bitcoin Simplified: The classical, old way of confirming transactions as done in Proof of Work coins such as Bitcoin has miners competing over blocks which contain many transactions. The first miner to solve a mathematical puzzle, thereby validating the block, gets the fees that were paid for all the transactions in the block and gets an X amount of Bitcoin, increasing the total money supply. The idea is that the competition for these rewards incentivises miners to invest in more hash power, increasing their chances of solving a block. While this might seem like a reasonable method to ensure many miners try to “solve” blocks and therefore there is a lot of competition, the problems become clear when we think this through. In Bitcoin mining, there are many economies of scale. Buying more mining rigs at once gets you discounts, the marginal cost of electricity decreases with scale, maintenance of mining rigs becomes more efficient, and larger players have access to cheaper capital. While great for individual companies, economies of scale are why we have antitrust legislation in place. Decentralized networks have no place for governmental interference, and these economies of scale therefore lead to concentration/centralization over time, as the big parties get ever bigger. This is the opposite of what we want in a cryptocurrency, as security comes from the decentralized nature. Nano’s feeless incentives Rather than paying fees to validators, no one pays anything for Nano transactions. There are no fees, and there is no inflation. However, despite the lack of fees, there are plenty of incentives. If you are a business that profits from the Nano network being up, you want the network to stay up. Nanocharts shows the largest representatives - the top 5 consisting of Nendly (a forum that uses Nano), the old Nano Foundation representative, Nanovault (a Nano wallet), Kraken (an exchange that trades Nano) and Binance (another exchange that trades Nano). These parties have a vested interest in the Nano network being online, hence they run a node. The same holds true for many other exchanges (Huobi, Kucoin, Wirex) and wallets (Natrium, Nanowallet, Atomic Wallet), who all run nodes. Exchanges profit from the Nano network because people trade in Nano, providing the exchanges with income. Businesses such as Kappture profit from Nano because it’s a very efficient, feeless way to transfer value. These businesses have a second incentive to run a node - it allows them to use the network trustlessly. If you are a crypto exchange you do not want to rely on an outside party to tell you whether the $10 million Nano deposit was actually deposited. You would run your own node, so that you can check for yourself whether the transaction has been confirmed. This is not just a theoretical exercise, the vote distribution on Nanocharts shows that the theory is playing out in practice, with Nano becoming more decentralized over time. Incentivizing decentralization As opposed to the aforementioned economies in Bitcoin leading to centralization over time, Nano actively incentivizes decentralization. Because there are no fees, no Nano holder or business has a reason to want a large share of validation power. The closer your share gets to 51%, the lower the value of the Nano network will be, thereby destroying your own value. In other words, while in Bitcoin miners have every incentive to increase their validation power, in Nano everyone holding Nano or using the network has every incentive to spread out validation power. Final thoughts While Nano’s instant and feeless proposition is a great catchphrase and easy to demonstrate, the incentivization of decentralization is what makes Nano so incredibly secure. Nano becomes ever more secure in the long run, and is one of the most future-proof cryptocurrencies because of its lack of fees. Thanks for reading, comments and feedback much welcome. submitted by /u/SenatusSPQR [link] [comments]
We talk a lot about Nano's fast and feeless transactions, but do you know about its leading security model?
by /u/kaleNhearty on February 16, 2021 at 4:38 pm
In blockchains, people often talk about a cryptocoin's security in terms of how susceptible it is to a 51% attack. In a Proof of Work coin like Bitcoin and Ethereum, a 51% attack is when a single entity controls a majority of the hashing transaction validation power, allowing them to rewrite transaction blocks and perform a double spend (sending a transaction and then later reversing that transaction). Despite people talking about how secure blockchains are, 51% attacks are actually quite common. Bitcoin Gold in 2018, Ethereum Classic in 2019, and Verge just recently where 200 days of transactions were reversed. And 51% attacks are even more common for smaller market-cap coins. In Proof of Stake coins like EOS or Eth 2.0, a 51% attack is worse but less likely because a single entity must control a majority of the staking coins/voting power, and acquiring a larger and larger percentage of the coins would drive the price up, and anyone holding a large amount of the coins would have a strong incentive not to damage the network and destroy the value. However, in PoS coins, the controlling entity could destroy the whole blockchain if they so desired. Nano's security model is such that a 51% attack is both far less likely and far less damaging For a 51% attack to occur in Nano, an entity must control 51% of the voting power. Other staking/voting cryptocurrencies have economic rewards in place for staking which means economies-of-scale will always lead to more centralized staking/voting power, increasing the risk of a 51% attack. A back and forth battle will always exist between earning rewards and decentralizing the network. Nano offers no reward for delegated voting, so the only incentive that exists in delegated-voting is protecting the network. In the unlikely even that a single malicious entity gains control of 51% of the voting power, there isn't that much they could do with it. Transactions in Nano are totally irreversible once propagated through the network. So unlike other cryptocurrencies, they could not rewrite old transaction history, but could only perform double spends of their transactions not yet voted on, which would be a mere couple seconds of non-unconfirmed time. EDIT A few people have pointed out to me that a 51% attack on Nano would cause transactions to remain unconfirmed indefinitely. If true, I think the original point still remains, this scenario is less likely than a PoW coin (especially with temporarily rented hash power) or a PoS coin with incentives for centralization. And the outcome is still preferable to a transactions history rewrite. submitted by /u/kaleNhearty [link] [comments]
Nano took my virginity
by /u/blagsum on February 16, 2021 at 4:16 pm
So I'm just a normal guy doing normal stuff and living the normal life. I had basically zero knowledge and experience with crypto other than some general understanding of mining, wallets, stuff everyone knows I guess. A week or so ago the whole doge hype got my attention so I wanted to learn more, and where do I go do that? To my favourite place where everything is a true fact, Reddit of course. That's how I met her. After a couple of scrolls on /altstreetbets the awesome logo instantly caught my eye. The pure enthusiasm in which the post was written got me really curious. I was ready for a date. So I started reading about it. Endlessly searching more, I fell in love with the concept behind and all the beauty within it. My first cryptocurrency. Got the wallet, visited the faucets. Had a small adventure in Quicrypto. Travelled down memory lane as I shot rockets in Quake 2 Now I'm ready for more. I really want to commit to Nano so I am asking you my fellow redditors where and how could I buy some Nano. I plan to start with 20$ as that's all I can afford now, so your experience with payment and withdrawal fees would be most appreciated. submitted by /u/blagsum [link] [comments]
Got my girlfriend some Nano on valentines day
by /u/Comments_In_Sound on February 16, 2021 at 3:59 pm
Had her download WeNano and we walked to a couple spots in our city. Ended up collecting 3Nano and sent it to her when we got back. She said it was faster than venmo hahaha. She's already told a couple of her friends about it. Its funny, I've been talking to her nonstop the past couple months about ethereum and it's potential, but the downsides of it dissuaded her from ever buying in (gas fees, environmental impact). One mention of "pokemon go for crypto" got her hooked! No wonder we all get called shills lol. <3 Nano submitted by /u/Comments_In_Sound [link] [comments]
Adoption Alert! @Nano Tweeted: Over 3 million online stores powered by @WooCommerce can now accept $NANO as payment via the GoNano plugin.
by /u/Kmart99 on February 16, 2021 at 3:13 pm
submitted by /u/Kmart99 [link] [comments]
WeNano is definitely getting more traction.
by /u/percheazy on February 16, 2021 at 1:39 pm
I created a spot on WeNano 111 days ago. Within 100 of those days I only had one person take some nano from the spot. Within the last 10 days I have had 8 people take some nano. I’m still the only spot around for over 100 miles around. submitted by /u/percheazy [link] [comments]
Could crypto.com be manipulating Nano? Get your coins out of there ASAP.
by /u/tumbleweed911 on February 16, 2021 at 1:31 pm
Their exchange has no withdrawal option, and hasn't had one for about 2 years now. What are they doing with the Nano that they hold for you? Does it even exist? Perhaps they're giving you fake Nano. They'll honor it, but you'll have to exchange it for another coin to get your money out. So what should you do about this? I'd suggest taking your money out of crypto.com as soon as you possibly can, and obtaining real Nano on a legitimate exchange. NEVER use an exchange that doesn't let you withdraw your coins. This is a golden rule that should never be broken. submitted by /u/tumbleweed911 [link] [comments]
I've made more transactions with Nano in 2 WEEKS than I have in all other cryptos combined in 4 YEARS.
by /u/howtokillyourdreams on February 16, 2021 at 10:01 am
Just wanted to share a little success story. Since buying some Nano and introducing some friends, hitting the faucets, playing some games etc. I have managed to completely eclipse the amount of transactions I ever made before. Paying no fees is a revolution! I have set up a WeNano business spot at my bar so when we finally reopen we will be able to accept Nano too (also put a little bit there up for grabs for people to come and find us). Getting excited for the future! submitted by /u/howtokillyourdreams [link] [comments]
Google Search finally knows that Nano is a cryptocurrency
by /u/Rotilho on February 16, 2021 at 8:51 am
I started to notice that Google is more accurate with my nano searches so I decided to check Google Trends and to my surprise Google finally consider Nano as cryptocurrency. Obs.: Just few coins are categorized as a currency or cryptocurrency, check by yourself. https://trends.google.com/trends/explore?date=2017-01-16%202021-02-16&q=%2Fg%2F11fs9w29wv,Bitcoin%20Fee submitted by /u/Rotilho [link] [comments]
Top Cases & Accessories For Ledger Nano S & X Wallets
by Harsh Agrawal on February 12, 2021 at 9:28 am
Ledger Nano X and Ledger Nano S are one of the most popular crypto hardware wallets out there. As the … Top Cases & Accessories For Ledger Nano S & X Wallets Read More »
Where to buy Nano - A Beginner-friendly Guide
by /u/mortuusmare on February 8, 2021 at 4:58 pm
To start with: I am in no way affiliated with the Nano Foundation. I am just a community member wanting to help the Nano community continue to grow. Any exchanges or platforms listed below are in no way endorsed by myself or the Nano Foundation. Please do your own research before using any exchange or platform. Nano currently isn't the easiest cryptocurrency to buy largely due to being an emerging cryptocurrency that is quite different in structure compared to that of more traditional blockchains. This makes it more difficult for platforms and exchanges to implement due to their unfamiliarity with the Nano protocol. However, there is ongoing development by the Nano Foundation that should make Nano integration more accessible for exchanges and platforms in the future. In the meantime, here is a guide of how and where you can buy Nano with 'fiat' (government-issued currency such as $, £, €). At the moment, buying Nano with fiat involves using a bank card, credit card or a bank transfer. This fiat will need to be sent to an 'Exchange' or a 'Platform'. A cryptocurrency exchange is essentially a marketplace for the buying and selling of cryptocurrencies. Users, bots and even the exchange themselves will place buy and sell orders on the market. A cryptocurrency Platform is a company that offers a service to buy from them directly, which is more user-friendly but also comes at a premium. If you're going to buy Nano, or any other cryptocurrency for that matter, with your bank or credit card expect to pay more than market value. As a rule of thumb, depositing money onto a trusted exchange is the most cost-effective way of purchasing cryptocurrencies. Although, please research your chosen exchange before signing up and depositing your money there. This guide does not endorse any particular exchange or platform. I will update this guide as much as possible and would appreciate any feedback or additions in the comments. Please note that any information contained in this guide is subject to change as Exchanges and Platforms regularly update their T&Cs and rates. Maker/Taker On an exchange, when you place an order onto the market you are placing a Maker -- as in you are making an order that you wish to be filled by someone else. Conversely, if you set an order at a price that you wish to buy or sell at that you want to be executed immediately, you subsequently take from the order-book and therefore are taking an order, that's a Taker. This is what it refers to when you see exchanges advertise their 'Maker' and 'Taker' fees. Exchanges will typically have a lower Maker fee as to encourage a healthy order-book. Spread You may come across a term known as 'spread' when doing your research into buying cryptocurrencies. The 'spread' is the difference between the highest bidding price and lowest asking price of an asset. For example, let's say on Binance that the highest bid price (Maker) to buy Nano is $3.51 on and the lowest asking price (also Maker) to sell Nano is $3.53. That's a 0.57% spread, that's a nice, tight spread which indicates a healthy volume. On an exchange, the spread on pairings is dynamic as it is controlled by the actions and sentiment of the overall market, it's not too important. However, what is important is being aware that Platforms will utilize spread as a way to increase their profit margin by essentially hiding a fee. Let's say that the market price of Nano is $3.50 and you buy $100 worth of Nano via card on a Platform with apparently 'no fees'. That $100 buys you 25.97 Nano at a price of $3.85 per Nano, a 10% markup on what the actual market value of Nano is. You're understandably annoyed so you immediately sell your Nano back to them in frustration to get your money back so you can buy Nano elsewhere, but that sell is also subject to the Platform's hidden 10% spread. So the 25.97 Nano you bought with an actual market value of $90.90 in total is sold to the Platform at a rate of $3.15 per Nano --despite the current market value of Nano being $3.50-- leaving you with $81.80 and no Nano. This artificial spread integrated by the Platform helps protect them from volatility when their users buy and sell with them as well as helping to cover the cost of card fees they have to pay Visa/Mastercard and also enables them to turn a profit. Unfortunately, not many Platforms are transparent about their spread and almost none of them give a percentage. BEWARE OF THE SPREAD. First, we'll start with the United States. Please be aware: many exchanges and platforms that claim to accommodate U.S. customers have to do so within state laws, meaning residents of particular states, such as New York, are unable to use certain exchanges and platforms. Check beforehand before you sign up to an exchange or platform. United States ($ USD) ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ Exchange Trading Fee Withdrawal Fee Binance.US 0.1% Maker & Taker Fee; 0.5% Instant Buy/Sell fee - SOURCE 0.01 Nano Kraken.com 0.16% Maker fee, 0.26% Taker fee - SOURCE 0.05 Nano KuCoin 0.1% Maker & Taker Fee - SOURCE 0.01 Nano Platform Trading Fee Withdrawal Fee AnchorUSD "0 fees" - SOURCE [BEWARE OF SPREAD] 0.05 Nano MetalPay 5% fee - SOURCE [*BEWARD OF SPREAD]* CANNOT WITHDRAW Simplex 2.5% - 8% fee ($10 minimum) - SOURCE [BEWARE OF SPREAD] From $10 Uphold Spread of between 0.8% to 1.8% - SOURCE CANNOT WITHDRAW Crypto.com 0.1% Maker fee, 0.16% Taker fee - SOURCE [BEWARE OF SPREAD] CANNOT WITHDRAW Wirex 1% fee - SOURCE [BEWARE OF SPREAD] Free Nano Withdrawals Changelly Roughly 10.7% spread (Test: $3.53 market price - $3.91 Changelly buy price) Unable to find MoonPay 4.5% fee ($3.99 minimum) - SOURCE Unable to find CoinGate Roughly 18% spread (Test: $3.54 market price - $4.19 CoinGate buy price) Free Nano Withdrawals Europe (€ Euros) ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ Exchange Trading Fee Withdrawal Fee Binance.com 0.1% Maker & Taker fee - SOURCE 0.01 Nano Kraken.com 0.16% Maker fee, 0.26% Taker fee - SOURCE 0.05 Nano KuCoin.com 0.1% Maker & Taker fee - SOURCE 0.01 Nano Bitvavo.com 0.15% Maker fee, 0.25% Taker fee - SOURCE 0.00025 Nano Platform Trading Fee Withdrawal Fee Simplex 2.5% - 8% fee ($10 minimum) - SOURCE [BEWARE OF SPREAD] From $10 Crypto.com 0.1% Maker fee, 0.16% Taker fee - SOURCE [BEWARE OF SPREAD] CANNOT WITHDRAW Wirex 1% fee - SOURCE [BEWARE OF SPREAD] Free Nano Withdrawals Changelly Roughly 10.7% spread (Test: $3.53 market price - $3.91 Changelly buy price) Unable to find Uphold Spread of between 0.8% to 1.8% - SOURCE CANNOT WITHDRAW MoonPay 4.5% fee (€3.99 minimum) - SOURCE Unable to find CoinGate Roughly 18% spread (Test: $3.54 market price - $4.19 CoinGate buy price) Free Nano Withdrawals BitcoinSuisse 1.25% fee - SOURCE - intended for whales (wealthy individuals) and institutional investors Free Nano Withdrawals ChangeNOW.io 1% fee for fiat purchase - SOURCE. Roughly 5.5% spread (Test: $6.27 USD market price - $6.64 USD ChangeNow buy price) Free Nano Withdrawals Find Australia, United Kingdom and Canada below in the comments. submitted by /u/mortuusmare [link] [comments]
What is Nano?
Nano was originally launched in 2015 under the name RaiBlocks. The cryptocurrency is centered around being a sustainable and open-source “next generation” crypto. It utilizes a unique “Block Lattice” structure instead of the traditional singular blockchain used by coins like Bitcoin. In this manner every account has their own blockchain and consensus is generated through voting where accounts delegate representatives. The hope of Nano is that this innovation away from the current PoW blockchain used by many coins will allow for a digital currency with instant transactions, zero fees, and infinite scalability.
Learn more on the Nano coin website: https://nano.org/
Nano Coin Price