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Nano PoW & V20 Update
by /u/DotcomL on October 9, 2019 at 11:09 am
submitted by /u/DotcomL [link] [comments]
I think in order for adoption to take off Nano needs to be more private and yet more public
by /u/revanyo on October 9, 2019 at 2:26 am
Before, I explain I should add that my ideas must come long side protocol improvements, new wallets, fiat ramps, ect. Now, to my idea. In short Nano, in this case either wallets or 3rd party apps, needs ways to become more private and yet more public for adoption to take off. In the case of Nano being more public people need to see that others use Nano to build it's credibility and show places where it can be spent. If a business owner can see a map of where Nano is accepted and a list of businesses than they will feel better about accepting Nano and holding on to Nano. This way people wont feel like they need to exchange their Nano of USD the day they get it, and therefore will be less selling pressure. Also, if they start using their Nano to buy things from other companies than their will be a market for things in Nano. So, instead of paying whatever the USD equivalent of Nano they can use Nano as they base. Imagine a world where people know the going rate of milk in Nano. People will want to use Nano if they see themselves as a small part of a credible system and not like the odd ball for accepting a crypto currency I think wallets could use to have some sort of map feature that shows locations of Nano businesses and even reps. However, that brings me to my second point that Nano needs some second layer privacy solutions. This one is simpler that businesses dont want their competitors to have a full list of their vendors and partners just based of the block lattice. Nor, do they want people to see how much Nano they have and open them to physical attacks/ black mail. Thoughts????? submitted by /u/revanyo [link] [comments]
Class Action Filed Against Nano Over Fraudulent Misrepresentation
by Neil Dennis on October 8, 2019 at 8:53 pm
Law firms Silver Miller and Levi Korsinsky have filed a class action lawsuit with the district court of Northern California against the promoters of the Nano cryptocurrency, alleging fraud and misrepresentation.
Vitalik doesn't think Nano is scalable. Is he wrong?
by /u/nanoissuperior on October 7, 2019 at 7:03 pm
https://youtu.be/LBy6bGQ7pSs In this video he mentions IOTA not being scalible but his reason applies to Nano too. He says the reason blockchains aren't scaling right now is because every node on the network must process all the transactions in it and that's why it isn't scalable. With Nano all rep nodes need to process all the transactions in the network as well. Some nodes even went offline during the 150 TPS spam attack. If we need huge computers to process the transactions on Nano when it's running at 1000+ TPS then is it still decentralised? Does Nano have any plans to do something similar to ETH's sharding in the future to break up the work needed for nodes, allowing anyone to participate in the decentralisation? submitted by /u/nanoissuperior [link] [comments]
A Nano enthusiast's perspective on Andreas Antonopoulos' recent video "Why Bitcoin is The Next Bitcoin"
by /u/Qwahzi on October 7, 2019 at 12:22 pm
Andreas Antonopoulos recently came out with a great video on why he thinks that "Bitcoin is the next Bitcoin". Even though Andreas is mostly a Bitcoin maximalist, a lot of the arguments he makes can actually be applied to Nano, so I decided to make a video about it 🙂 I love Andreas and his videos, but it's pretty funny how similar his views are to the Nano community's. I know he doesn't like Proof-of-Stake cryptocurrencies, but overall he aligns pretty closely with us: Utility over store of value The importance of decentralization Being censorship-resistant The focus on peer-to-peer cash The importance of good UX Anyways, here's the video. Let me know what you think! https://www.youtube.com/watch?v=kgngm7mAet8 submitted by /u/Qwahzi [link] [comments]
Does somebody have a good Nano wallpaper to share?
by /u/LeoBeltran on October 6, 2019 at 7:29 pm
I want to change it and maybe the community has already provided some. submitted by /u/LeoBeltran [link] [comments]
Nano & Eletropay on Shark Tank Brazil
by /u/guil5566 on October 5, 2019 at 7:01 pm
The Point of Sale for crypto, Eletropay, will appear this week in Shark Tank Brazil! https://i.redd.it/vul67ek5srq31.png For those who doesn't know the show: Shark Tank is an American business reality television series on ABC that premiered on August 9, 2009. The show is the American franchise of the international format Dragons' Den, which originated in Japan as Tigers of Money in 2001. It shows entrepreneurs making business presentations to a panel of five investors or "sharks," who decide whether to invest in their company. The series has been a ratings success in its time slot, winning the Primetime Emmy Award for Outstanding Structured Reality Program four times (2014 - 2017), in all four years of that category's existence. Prior to that (2012 - 2013), it won Outstanding Reality Program. On February 5, 2019, ABC renewed the series for an eleventh season, premiering September 29th 9/8pm CST. Thank you wikipedia. So, Eletropay (and Nano) will appear in the 16th episode of the 4th season of the Brazilian edition. https://i.redd.it/wbwbuz28srq31.png Source: https://www.facebook.com/EletroPay/posts/576560979549550 submitted by /u/guil5566 [link] [comments]
Question about Nano PoW
by /u/goodbadidontknow on October 5, 2019 at 5:59 pm
Can you mine Nano with the newest update from Nano? When it gets deployed I mean, since its PoW? If yes, CPUs, ASICs, GPUs or what? If no, who does the work? submitted by /u/goodbadidontknow [link] [comments]
Nano #Ama on Binance Spanish telegram group!!
by /u/AlejandroZD58 on October 5, 2019 at 3:58 pm
Regards!! I'm Jesús Zambrano, member of the Hispanic community of NANO for a long time. Last thursday, we had an interesting and enjoying Ask-me-anything at Binance Spanish community on telegram with the people behind NANO, Colin LeMahieu (Founder and Executive Director) and Zach Hyatt (Proyect Manager), where we take advantage of their kindness and willingness to ask them some questions and share opinions about de currency. I will share a compilation of some of the questions and answers. -(Admin) ¡Welcome Binancians to our following AMA! I will explain how AMA works; we will have three (3) segments. Segment #1: I am going to ask to our guests five (5) questions and then they will answer them. I will be explaining the rest of the segments as we conclude one of them. -(Admin) Today we have the great pleasure of having Colin (Founder and Executive Director) and Zach (Project Manager) with us in our chat room. Could you give us a little introduction about you? - (Zach) Hi everyone, I am Zach Hyatt, the Project Manager at the Nano Foundation and am excited to help answer questions about Nano. I live in Austin, TX where it is quite hot right now! -(Colin) I’m Colin LeMahieu, founder of Nano. I’m a computer engineer and I’ve worked at companies like Qualcomm, Dell, and AMD. I have been working on Nano for about 5 years now and I’m really excited to talk with people who are interested as well! -(Admin) It is a pleasure for us to have you here, I have to say that on a personal level, I have been a follower of the project for a long time now, so it is incredible for me to be able to count on you tonight, we will start with segment # 1, with the questions I have for you. Feeless transactions and in record time! What is NANO? Can you give us an introduction to the project? -(Colin) Nano’s goal is to solve problems with other cryptocurrencies and make sending value fast and fee-less. It has a unique design to allow us to accomplish this. We want people to have the option of using decentralized digital money instead of fiat money anywhere in the world. Nano is accessible and easy-to-use today and we plan on keeping it focused on these goals. -(Admin) Thank you for answering my first question, I am delighted with the features offered by the project, every week they are updating and making important changes that help to improve the ecosystem that surrounds the team. Here you can find all the weekly updates: https://nano.org/en Previously the project was called RaiBlocks, it appeared for the first time in an ad in Bitcoin Talk in 2015. Can you tell us why a name change came up later? -(Zach) Yeah, absolutely. Although the original RaiBlocks name has a special place in our history, it was difficult to pronounce in some areas of the world and caused confusion with certain users. We decided to move to a shorter name that not only was easy to pronounce but also reflected the fast, efficient nature of the protocol. -(Admin) A short and quick name to pronounce, definitely NANO is perfect to define it! My third question is the following; I had seen a very interesting gif early in the chat and it is just about the question that I came to ask. Currently, NANO has 100% of its tokens in circulation and these tokens were distributed through Faucets, so it meant that any user with a computer could get coins simply by completing some captchas, can you tell me which has been the experience of users when using this method? -(Colin) The faucet was a great way for us to distribute coins to people who have never used it before. Cryptocurrencies that use mining end up distributing only to people who have money to buy the mining hardware and this is unfair. We had a lot of people from Indonesia and Asia in the beginning of our distribution and at the end there were a lot of people from South America, Venezuela and Brasil that were getting most of the Nano from the faucet. We think this was a fairer way to do it and it got Nano into the hands of people in different locations, and it had a very positive impact on their lives. -(Admin) This is incredible! thanks for your answer! Can you tell us about what the Open Representative Vote is about and how it protects the network? -(Zach) Nano uses voting to get confirmation on the network instead of mining and the nodes on the network that create votes are called Representatives. Open Representative Voting allows people who have a Nano balance to pick whatever representative they want to vote on their behalf. This allows the people who hold Nano to decide who generates consensus instead of mining companies. The voting process is very efficient and is a big part of what allows Nano to be fee-less and use very little energy. -(Admin) Very good! The last question on my part: Nano PoW is your new approach, I have read a pretty interesting example with emails, can you explain what it is about? -(Colin) Nano PoW is a research project we’re doing in order to create a proof of work algorithm that uses less energy than other popular algorithms. Since Nano is fee-less, there must be a method to limit transactions going onto the network, which this PoW achieves. With the goal of using more memory in the process instead of CPU cycles in order to generate proofs, this new Nano PoW will help prevent ASICs from being able to cheaply send lots of transactions. It’s important for a cryptocurrency that’s used around the world to be energy efficient and green so continuing our research on this is important to us. -(Admin) https://medium.com/nanocurrency/nano-pow-the-details-ba22a9092d6f Thanks for your answers, Colin and Zach! I have a video, taken from your YouTube account that I would like to share with the community https://www.youtube.com/watch?v=eh9pA8UCUrI Can you tell me what we see in this video? -(Colin) This is a video of how fast our transactions send and receive. You can see it takes less than 1 second to finish which means you can use it as a currency. - (Zach) The wallet was made by developers in our amazing community, it is called Natrium. It really shows how fast Nano is and how it is easy-to-use! -(Colin) You can also see how simple it is to use. You just scan, enter an amount, and send. There are no complicated setting which is great for new users and great for adoption. - (Zach) And the best part is, there were no fees at all for that transaction. In fact there have never been any transaction fees on the Nano network ever! -(Admin) Great! That's why I wanted to share it with everyone, yesterday I could try the wallet and it is really spectacular to use, thank you very much for that excellent explanation, please stay with us, now comes the part in which our users participate Segment 3, community questions Q -First congratulations on your project, it is amazing. Now, does nano BlockChain have another use besides making transactions? A - (Zach) Thank you! Nano has always been focused on transfer of value and will continue to maintain that focus. The overall design is aimed at doing only this so it can remain fast, efficient and fee-less. Q -Good evening! I understand that thanks to its architecture called "Block-lattice", each individual provides the computing power necessary to verify their own transaction, thanks to this they do not use miners to confirm transactions and they do not apply commissions of any kind. My question is: How did this occur and how difficult was it? A - (Colin) It’s simila, transactions are validated by votes from the representatives, not by the PoW. The PoW is a way to slow down how fast people can create transactions so they can’t spam the network. Q - Do you have any short or long term projects so that transactions using $NANO were anonymous? A - (Colin) Long term we want to see what privacy options exist and are fast. Most privacy schemes make the transactions very big or slow to process and it’s important for things to remain quick and efficient so we can have fast transactions. Q - We are living in Venezuela many changes in the cryptocurrency sector, the integration of crypto for service payment and product purchases is already a reality. What agreements has NANO made with service stores to integrate it as a means of payment? I want to pay my movie ticket with NANOS A - (Zach) Thanks for your interest in Nano. We are always looking for ways to allow everyone to use Nano in as many places as possible. Although separate from our organization, we are aware of the efforts of the Nano Venezuela organization and try to support them when possible in bringing Nano to as many people and stores in Venezuela as possible. Q - (7 questions made from one persone at once) How do you manage to make your transactions virtually instantaneous? How do they create part of the company's livelihood if no fees are charged for transactions? Why does $ NANO consume so little electricity? Requirements for a medium-sized company to adopt nano correctly as a means of payment? Since 100% of the $ NANOS are distributed, I have seen something in Medium that talked about `` Nano PoW '', could you tell me a little more about how it works? What profit will the person / institution get that puts hardware for their PoW? Will more $ NANO be created apart from those already in circulation? What do the representatives earn for putting their vote and validating blocks if 100% of the $ NANOS are already created / issued? 7- Since your policy / slogan / commandment is to be a cryptocurrency without fees, shouldn't you force exchanges in which $ NANO is present that they don't charge withdrawal fees? A - (Colin) Transactions are fast because they’re validated by voting. The votes get transmitted around the world in milliseconds and all people have to do is count votes to confirm the transaction. We use the Dev fund to pay for developing the Nano protocol. The Nano protocol is a free tool that other people can build businesses on. We have ideas for businesses that can use fast, free money in order to help people send money to their family in other countries or pay microtransactions. It’s similar to Linux, it’s free but big companies use it because it saves them money. Nano uses little electricity because we use voting for validating transactions. Voting is just sending data over the internet which is power efficient. You can run a nano node with 40-60$/mo using cloud virtual machines Nano pow is just a more efficient way to slow people down from sending transactions to the network The most important thing is: why does a company want to use cryptocurrency? They want to use it because it saves them money on bank fees, etc. Since 40-60$/mo running a node is less expensive than their bank fees, they want to participate in the network to keep it going and save them money. Q - Knowing all this about Nano, could you say that Nano is one of the most energy-efficient, Ecological friendly currencies in existence? A -(Zach) Absolutely. We care about making a positive change in the world and so pride ourselves on leaving as little energy trace possible in the world. It may just be the fastest, most efficient transfer of value available. Q - If the nano protocol had not passed the Red4Sec signature security test, would it have any vulnerability today? A - (Colin) The Red4Sec audit didn’t find any critiral vulnerabilities in Nano. In fact they did the audit twice because they couldn’t find anything wrong and that never happened before. It’s important for us to keep the code high quality and we will do audits again in the future because it’s important to make sure everything is secure. Q - I'd like to see more development of Nano by using SMS on our phones to avoid the problem of no Internet connection at the moment A -(Zach) As much as we like the idea of SMS, unfortunately it is not a secure network so managing Nano transactions over it brings some unique requirements. However we are always innovating and trying to make Nano as easy and accessible as possible so hope advances can help over time make it more accessible in this area. Q - What plans do you have to close this 2019 to increase adoption in Latin America? A -(Colin) We are very excited about the passion we see in the south american community. We would love to make it down to VE however in the mean time follow nanoVE for updates and meetups - there may be one near you soon! Q - How will you make the adoption and use of $ NANO continue to increase especially in markets where other cryptocurrencies are gaining more ground? A - (Colin) Our focus is to build tools people need to accept cryptocurrency. Right now it’s still difficulty and expensive. One thing we’re making is the device Appia which can accept cryptocurrency similar to a credit card. We made this device very inexpensive and can connect over wireless so it can be used in markets or resturaunts or other places cryptocurrency is not yet available. - (Admin) Thank you very much for your answers! You are the first guests that answer all the questions of our users, you are amazing guys! @AndyNano It was amazing to meet you, I learned a lot from you @FundacionNanoVE Thanks for making this happen! excellent work @nano_isam Thanks for everything buddy! -(Zach) Can we ask a question to the channel? What are the top things Nano can do to help you in your daily lives? -(Colin) My question: How do you store cryptocurrency safely? Where do you back up your seed so it isn’t lost or stolen? A - In Venezuela we currently have a problem with conventional payment processors, they are very slow, it would be great to be able to see people using NANO to make their purchases at any store in Venezuela, 0 commissions and instant transactions, is what we need A - Fast transactions are what can help society the most, and except that, the best thing is that it is very cheap ... from there it is addition, those are the main characteristics that we look for the most A - encrypted file in a pendrive A - Nano is a direct competition to the vast majority of Cryptos, in transaction speed and that it is literally free to send or receive, nothing to wait for 5 hours or the next day when you pay for items or services with Crypto, let's increase the adoption of nano! -(Colin) Question: Are there barriers to using Nano in your country right now? A - No barriers in Venezuela A - No barrier what is lacking is greater diffusion in means to give greater projection and that the adoption arrives. Here I am to support NANO! A - There should be no barriers to the payments we wish to make, freedom above all -(Colin) Fantastic! - (Zach) Thanks everyone, I have to go but I appreciate all the awesome questions and answers! submitted by /u/AlejandroZD58 [link] [comments]
The Custom Digital Ikea Nano Frame
by /u/Joohansson on October 5, 2019 at 12:06 pm
I wanted to build my own digital frame for about 15 years. Came over a windows tablet this week and finally, I can watch Nano on the wall! Preview Windows 10 as photo frame - https://www.nano-wallpapers.com/ Live Nano network stats - https://nanoticker.info/ https://i.redd.it/lr6xds17sqq31.jpg Watching birds getting fed by Nano live - https://www.youtube.com/watch?v=otpqipL3H8Q Live Nano network visualization - https://nano-faucet.org/visualizer/ Live Nano price stats - https://coinpaprika.com/coin/nano-nano/ Watching Nano live traffic - https://joohansson.github.io/txhighway-nano-beta/ The posibilites are endless! How it was made A photo frame: Lomviken Ikea frame 21x30cm A tablet that can run a web browser: Samsung 700t Cut the white cardboard to fit the screen. Used a file to get the 1mm, 45 degrees edges Cut some holes in the frame for USB connector, power connector and output air flow And some luck. The 700t fit the frame perfectly with an extremely snug fit! Didn't need anything else The computer can be controlled via wifi with a smartphone remote app or a wireless keyboard Snug fit tablet in the frame Holes for ventilation and USB Bonus video of cars driving at 300BPS on the Nano beta network: https://youtu.be/tEdlSVy5ll8 Nano: https://bitdesert.github.io/txhighway-nano/ Nano beta: https://joohansson.github.io/txhighway-nano-beta/ submitted by /u/Joohansson [link] [comments]
Libra pledged to be blocked in EU, big opportunity for Nano!
by /u/--Hook-- on October 5, 2019 at 8:25 am
France and Germany last month pledged to block Libra from operating in Europe and backed the development of a public cryptocurrency instead. reuters source: https://www.reuters.com/article/us-facebook-cryptocurrency-paypal/paypal-becomes-first-member-to-exit-facebooks-libra-association-idUSKBN1WJ2CY , coindesk: https://www.coindesk.com/france-says-it-will-block-facebook-libra-in-europe-report Well I see opportunity for Nano to be pushed forward. As it is one of the best if not best candidate for public cryptocurrency that could be used widely and most of development is already done. Would be nice to know if someone from team is actively trying to communicate advantages of Nano with people responsible for these decisions like Eurogroup, economy and finance ministers of European states and their deputies etc. This would be also good for them as press always like to see that politics are not just talking, but they are actively working on solutions. submitted by /u/--Hook-- [link] [comments]
Is it possible to use a Tron account linked to my Ledger Nano S without the device being plugged in?
by /u/killerjoe1990 on October 4, 2019 at 10:36 pm
Hello, I have a Ledger Nano S and have Tron account setup on it. I was wondering if their is a way to import a new private key/public key pair that also accesses the same tron account from the ledger since private keys are not accessible from the Ledger. For example, In EOS blockchain, there is a concept of owner and active keys. In EOS I can use the owner keys as my ledger and then I was able to make a new private/public key pair as the active key, allowing me to use this new private key in my mobile phone to play dApps with the same account. Is a concept similar to this possible on the tron blockchain and if so, how can i set it up? submitted by /u/killerjoe1990 [link] [comments]
Weekly Nano Update 10/4/19
by /u/AndyBlockLettuce on October 4, 2019 at 9:48 am
This week's update contains more info and discussion on NanoPoW, the upcoming Snapy.io NanoJam hackathon , and a great Nano hardware build guide https://medium.com/nanocurrency/weekly-update-10-4-19-eb21bba5ff9a submitted by /u/AndyBlockLettuce [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