Nano Currency

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Join the conversation on nano, an eco-friendly currency with ultrafast transactions and zero fees over a secure, decentralised network.

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476
 
 
This is an automated archive made by the Lemmit Bot.

The original was posted on /r/nanocurrency by /u/wizard_level_80 on 2024-12-07 13:31:26+00:00.


Does anybody have more info about it? It is surprising, because older models support it.

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The original was posted on /r/nanocurrency by /u/Rogersmith420 on 2024-12-07 18:19:32+00:00.


What is the best option for an e-commerce business to accept nano for payments if there isn’t intention to swap or convert to anything else? Is there a way to have wallet to wallet payments that automatically adjusts what is owed to match purchase price or do you have to use a third party that takes fees to have nano as an option to complete check out?

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The original was posted on /r/nanocurrency by /u/RadiantJelly3253 on 2024-12-06 23:00:36+00:00.


1000 -3000 tps possible today.

If node operators increase costs from $10 a month to $100 a month.

With 100,000 tps being very possible in near future.

If that is not enough, could there be multiple networks? Just for Nano? Just to increase tps.

No smart contracts, no communicating with other crypto. Just TPS.

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The original was posted on /r/nanocurrency by /u/Adventurous-Cat1780 on 2024-12-06 11:49:01+00:00.


Hi guys, i was wondering if anyone stores their nano on ledger? Especially since its not officially supported. Any experience with this please?

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The original was posted on /r/nanocurrency by /u/Mich2010 on 2024-12-06 14:04:22+00:00.

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The original was posted on /r/nanocurrency by /u/MasterFelix2 on 2024-12-06 13:02:39+00:00.


I have made multiple posts here over the past days and I hope it's fine. I think this one will be my last. I have been trying to think holes into this project and have been utterly failing, because there seems to be an answer to everything. I plan to make a youtube video about it to share my findings.

Now I am already overweight Nano on my investment portfolio and I feel like the only thing that is keeping me from basically going all in is further risk assessment.

What terrible things could happen that might permanenty ruin Nano's chances to hit a breakthrough within the next years? I mainly think about these things:

  • Binance delisting

How likely is this? Do we have trade volume data to show if this something that could happen or if it is out of the question?

  • Dev related issues

Things can always happen with core developers. They might die. Be involved in some sort of scandal. Just go inactive. How centralized/resilient would the dev team be? How much is connected to one signular person?

  • Attacks

I wasn't even going to list this. From my research spam attacks seem like a solved problem.

I am sure there are other things, please share them with me along with your opinion on if they are a threat or not.

EDIT: What does it cost to attack the nano network? I still have largely the feeling that previous spam attack were likely not real attacks designed to damage the nano network but something like trial runs or tests.

Maybe the way the network could be attacked is not by trying to make transaction times go up, but by balooning the costs of nodes and this way forcing them to shut down. Have Nano people ever tried to spam attack their own network to stress test? What are the economics? How much does it cost for me to use a computer to create a billion transactions vs how much does it cost a computer to resolve those billion transactions.

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The original was posted on /r/nanocurrency by /u/RadiantJelly3253 on 2024-12-05 22:22:55+00:00.


Most recent published BETA test I can find.

Seems to indicate a max of 38 TPS currently.

Edit: Visa's global processing network, VisaNet, can handle more than 65,000 transactions per second (TPS). However, on average, Visa processes around 1,700 TPS.

But VISA is backed by cash. Which debit, paypal, other credit cards also use.

So really you need a TPS number that handles all non-cash payments as a goal, as well as any crypto backed by cash, as well as cash somewhat.

483
 
 
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The original was posted on /r/nanocurrency by /u/Various-Gazelle9575 on 2024-12-05 17:04:58+00:00.


Hi,

I missed the memo that Nano was being delisted from Exodus earlier this year - there was no indication to me in the app itself.

My Nano balance was still showing up yesterday, but today it has disappeared. Is there any way to retrieve it or is it just gone?

Thanks

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The original was posted on /r/nanocurrency by /u/MasterFelix2 on 2024-12-05 14:03:10+00:00.


So I have been reading through this reddit thread and I now have a headache.

But I am convinced this question is what it comes down to and being able to adress this question in a logical and simple way is what would most likely make NANO achieve its breakthrough.

I am still torn and I wonder how we can get a closer answer to "would there be enough people running nodes without compensation if running nodes in the future might become expensive" than just, it's hard to tell ¯\_(ツ)_/¯

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The original was posted on /r/nanocurrency by /u/MasterFelix2 on 2024-12-05 12:45:35+00:00.


Just like I have been making posts on this subreddit to understand Nano, I made a post on the BCH subreddit to understand their currency. I feel like I have a strong bias against BCH. It seems like a relic of the past with a very one dimensional selling point, while nano has futuristic and utopian characteristics that might inspire the masses.

So what do you think about BCH? Considering it appears to have the same goal and vision, to act as a better p2p cash system

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The original was posted on /r/nanocurrency by /u/HawkAsAWeapon on 2024-12-05 12:05:00+00:00.


I've been a little bit out of the loop for a while, and was wondering what the latest developments/ideas are on ledger pruning or other data-bloat mitigating protocols?

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The original was posted on /r/nanocurrency by /u/CriticalCobraz on 2024-12-05 14:08:32+00:00.


The idea is to rent the banner on the larges Crypto sub on Reddit for Nano. This would showcase Nano to a larger audience of crypto enthusiasts who are already interested in learning or sharing about promising projects.

This post is designed to gather feedback. If you support this idea, give it an upvote.

If you don’t like it, feel free to downvote.

The goal is to gauge the community’s interest—if there’s strong demand, it becomes more likely we can secure the funds and make this happen.

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The original was posted on /r/nanocurrency by /u/Fasi-Zateki on 2024-12-05 11:45:31+00:00.

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This is an automated archive made by the Lemmit Bot.

The original was posted on /r/nanocurrency by /u/TrickYTricks3 on 2024-12-05 10:46:44+00:00.


Thank you to everyone who gave their time, feedback and knowledge on Nano.

I have in turn, bought in and am now part of the community!

To the moon fella’s 🚀🌖

God’s speed!

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The original was posted on /r/nanocurrency by /u/Alarming_Session9356 on 2024-12-04 16:44:26+00:00.


Can anybody recommend an exchange that you can buy Nano on with Margin. Im in New York. Currently Kraken is the one that has 3x. Any others have a higher Margin amounts?

Thanks

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The original was posted on /r/nanocurrency by /u/OttmarFalkenberg on 2024-12-05 00:42:48+00:00.


Pardon the cheesy and somewhat politically charged title, it's meant mostly as a joke, but as I've learned recently, apparently manifestos can be kind of effective at uniting a community behind a vision and inspiring action.

I was exploring the nano.org official website and this subreddit and couldn't find a resource for community members to go to find quick factual information about what makes nano great and what they can do to help promote/market nano to help it gain adoption.

To convey what I mean, I decided to create a Google Doc as a starting point called (for now) Nano 2025 - A Crowdsourced Marketing Manifesto.

The stated mission of the document is as follows:

Mission: To empower the Nano cryptocurrency community to effectively promote Nano—a fee-less, instant, and eco-friendly digital currency—across digital platforms by providing strategies, tools, and best practices.

This guide is meant to:

  • Serve as a collection of resources so community members can quickly identify how to make an impact that best serves the Nano community.
  • To empower the Nano community by providing the knowledge and resources required to write informative articles, create compelling arguments, and convince others to adopt nano by:
    • Providing community members with a comprehensive list of Nano’s features and how they compare to other cryptocurrencies.
    • Providing community members with a refined list of Nano’s missing features and justifications for their absence.
    • Providing community members with a comprehensive list of challenges that have faced Nano and what the community has done to resolve the issues to ease concerns and instill confidence in their investment.
  • Define a code of conduct for the Nano community to foster a positive public perception and to ensure pro-Nano arguments remain convincing and well received.
  • Provide information about tracking and measuring the impact of community marketing efforts.
  • Provide links to official Nano marketing resources.

To be clear the document is just a draft and hopefully if the community finds value in the idea, they will be able to take it, improve upon it, and give it a new home.

Check out Nano 2025 (A Crowdsourced Marketing Manifesto):

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The original was posted on /r/nanocurrency by /u/MasterFelix2 on 2024-12-03 23:29:33+00:00.


Also how many of you guys are completely new and only discovered nano in the past weeks?

View Poll

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The original was posted on /r/nanocurrency by /u/buymeaburritoese on 2024-12-04 17:57:01+00:00.


Do not trust this site.

Just for kicks, I filled out their merge form and contacted their agent on the live chat.

Upon logging in, I was shown a big number in USD that was larger than what I had in there.

Here's the scam. They used the information in the form to create the account including a fake password that I supplied. The fake password became the password for the new account they created with my username. (scam)

So how do they make money?

In order to withdraw the ~$15k USD, they requested a deposit of $500 USD in bitcoin to "reactivate" the account.

They have added fake reviews to some websites to make the scam more believable. Do not deposit funds.

Be safe y'all.

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The original was posted on /r/nanocurrency by /u/SpaceGodziIIa on 2024-12-04 17:27:36+00:00.


Here is a new Nano song from yesterday's dev space update. This is multiple layers of Ai summarizing and re-generating, so use this for entertainment purposes as much of the detail has most likely been distorted along the way. But its still fun for me to pretend like I understand the intricacies of the development process. Check out the actual Nano dev spaces update for the real info!

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The original was posted on /r/nanocurrency by /u/madsudaca on 2024-12-04 16:35:19+00:00.


Many people in crypto, especially the OGs, have a good understanding of the technical aspects of the space. Often, these are engineers who are somewhat knowledgeable about the workings of different consensus protocols. They are accustomed to the alluring complexity that the protocols of various projects offer. When they encounter Nano and learn about its simplicity, many can’t help but think, “There must be something wrong here. There must be a catch, some flaw, etc.” It’s common for newcomers to this subreddit to ask something along the lines of, “What am I missing?”

I remember when I read the Bitcoin whitepaper for the first time. I sat down, took my time reading and rereading it, and eventually understood how it worked. It was a memorable moment. I recall being amazed by how this intricate puzzle had been pieced together—how this complex system of many participants, each acting independently, produced the Bitcoin protocol in a quasi-emergent manner. It was complex and beautiful, reminiscent of capitalism as defined by Adam Smith. An invisible hand seemed to coordinate the efforts of all participants, each seeking their own gain yet collectively producing a net positive outcome.

Fast forward a few years, and then Raiblocks comes along. It strips the protocol down to its essence, managing to achieve much more than Bitcoin with far less. Understanding how it works is relatively straightforward, and this is where many people end up underestimating it.

I suspect that many expect something better to inherently be more complex. Some technical people are drawn to complexity. When they see Nano’s design as so simple and barebones, they recoil and think, “No, this can’t be right.”

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The original was posted on /r/nanocurrency by /u/Qwahzi on 2024-12-04 14:18:01+00:00.

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The original was posted on /r/nanocurrency by /u/Fun-Imagination-2488 on 2024-12-04 12:45:37+00:00.


I am wondering if anyone has done this math yet. I am also wondering where to obtain data on this sort of vulnerability.

From reading a few different posts, it looks like Nano has a bucket system for wallet balance in combination with priority based on recency of a previous transaction. Ie: The more recent your last transaction was, the lower your priority will be. Also, the balance of your wallet during the time of the ‘send’ transaction will place that transaction in a bucket of priority. If a particular bucket gets spammed heavily from multiple wallets, then transactions in other buckets will get priority.

Is my understanding correct?

If ‘clog’ means: Over 2% of transactions take greater than 15 mins to confirm.

And cost means: Balance of XNO required to initiate the attack + additional $/day to maintain the attack.

How much would it cost to clog 10% of buckets?

  • 25% of buckets?
  • 50% of Buckets?
  • 75% of Buckets?
  • 90% of Buckets?
  • Has anyone done the math on this? Or is my understanding completely wrong.

I think the case for nano as useful largely depends on its vulnerability to attacks. All networks are vulnerable to attacks, but it’s the cost to do so in a meaningful way that matters. If it costs $1/day to clog 90% of buckets vs $1million/day, that obviously matters a ton.

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The original was posted on /r/nanocurrency by /u/TrickYTricks3 on 2024-12-04 12:31:51+00:00.


I’ve done my own research and I like what I see, especially the road map for the project. But curious to hear if I’m missing out on the big wow factor that sets Nano apart from the rest.

Thank you!

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The original was posted on /r/nanocurrency by /u/yap-rai on 2024-12-04 12:05:36+00:00.


For those of you who are just joining us, a big welcome to you all.

A few links that might be helpful to better understand nano and what we are all about. Firstly, please see the r/nanocurrency rules in the sidebar, there is no price discussion on the nano subreddit or discord. If you would like to chat about price, head over to r/nanotrade or indeed, XNO Trade on discord.

Nano Github:

Nano documentation: docs.nano.org

Official nano website: nano.org

Hub of ecosystem apps and exchanges: hub.nano.org & assets:

Faucets:

Earn:

Want help getting started with nano? See here:

FAQs:

About the Nano Foundation, a volunteer collective that sits alongside the vast community and to better understand NF's journey, read the blog post here >

There are lots of community-run websites housing stats and data on nano:

nano.community (click the nano symbol at the top left for menu)

nano.casa for weekly dev activity across protocol and ecosystem

stats.nanobrowse.com for network performance stats

NanoCharts for representative data

Nanolinks a great collection of all links nano related.

BlockLattice.io for lots of stats and a great explorer

Further reading:

Nano Blog where alongside official blog posts, we have many community contributors who have written fascinating pieces on a variety of nano topics.

NanoGPT has a new blog section also

Perhaps it would be good if everyone posted in the comments below their favourite use of nano, do you have a favourite merchant? Perhaps Nano-GPT.com or Armour Hosting? Or is it WeNano?

Have I missed any links above you would like to see included?

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The original was posted on /r/nanocurrency by /u/AndersonTheSpiderr on 2024-12-04 11:20:27+00:00.


People seem to really believe in Nano but if it’d reach $10 how many of you would honestly not sell?

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