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The original was posted on /r/nanocurrency by /u/Foppo12 on 2024-03-07 07:30:09.

Are you ready for yet another #Nano Community Initiatives: 3 Stories? 👀

#NCI3S Episode 14 is live on March 9th at 7pm UTC!

For those new to the nano community, the Nano Community Initiatives: 3 Stories is a Twitter Space hosted by Colombian nano ambassador Carlos Murgas. It is a space where businesses, services, organisations and individuals in the nano community can tell their story, and the community can ask questions. A great way to learn more about the nano ecosystem and discover the breadth of things you can do with nano!

This episode, hear the stories behind LuckyNano, NanoGamer & MANX Clothing 🙌

Link will be available soon, join us!

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The original was posted on /r/nanocurrency by /u/blockracer on 2024-03-07 04:00:48.

Hi guys, Nanoraffle 6 has been drawn and the winner is nano_16hu4m4kioskdwypsxi1bysghq95jj8ikgf6jbe9ig9efx61amw5ws8s7o7j winning 8.33 NANO.

I have also changed the duration of the raffle to 5 days from 7 days. Deposits are still working fine but ofcourse there is a slight delay due to the spam.

Let's get the pot going!

Nano Raffle

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The original was posted on /r/nanocurrency by /u/sprc86 on 2024-03-06 18:53:41.

Can this possibly be really relevant in terms of market visibiliy for $nano?

Thoughts?

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The original was posted on /r/nanocurrency by /u/200-okay on 2024-03-06 13:08:32.

I don’t have much idea of how Nano works but I was just thinking of an idea by taking inspiration from Rest services world.

Consider a microservice exposing a public API that can be called from anywhere. There's a risk of a malicious attacker making infinite calls to the API, potentially bringing the service down. To prevent this, we often use rate limits based on IP addresses.

In the case of spam transactions in Nano, where repetitive transactions can be akin to calling an API in an infinite loop, why can’t we apply a similar approach? It doesn’t work because it is decentralised?

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The original was posted on /r/nanocurrency by /u/SamChubomb on 2024-03-06 06:53:39.

We know the fundamentals of Nano are unprecedented and best in class.

However, I'd like to argue that nanos biggest advantage is its community.

Everyone contributing to making awesome services like nano-gpt, wenano, playnano etc. You folks running nodes to help out harden the network on a voluntary basis. Everyone contributing to the development of the protocol to and adjacent network tools like explorers and benchmarks.

This community and its activity is unrivaled in most of the crypto world IMHO. Keep up the good work and we'll gonna see nano keep on succeeding. 🙏

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The original was posted on /r/nanocurrency by /u/gr0vity on 2024-03-05 21:13:23.

Here is the update for the past week.

Payment #8 has just been made.

How can I help ?

• Donate 🙂 The fund is 100% community driven
• Get active in C++ development and create pull requests to improve the node

Week 8, 26 Feb - 3 Mar 2024 (Total: 5 days)

• Improved monitoring tools
• Supported community and exchanges
• Made xnolib compatible with 255 vote messages
• Reinstated peercrawler service ()
• Worked on making xnolib compatible with handshake v2, this is still work in progress.

Previous payout :

Update #7

...

Announcement

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The original was posted on /r/nanocurrency by /u/Qwahzi on 2024-03-05 17:44:15.

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The original was posted on /r/nanocurrency by /u/PinStickMan44 on 2024-03-05 03:15:27.

I've been out of the loop on Nano for a long time, still holding, and still think it's the best solution for what cryptocurrency is meant to be. With Bitcoin surging, I've been lurking a bit and decided to ask ChatGPT what the best cryptocurrency to be used as a currency is. This is the response:

Determining the "best" cryptocurrency to be used as a currency depends on various factors, including transaction speed, cost, security, adoption, and decentralization. Here are some cryptocurrencies often considered for use as digital currencies:

1. Bitcoin (BTC): Bitcoin is the first and most well-known cryptocurrency. While it's often seen as a store of value or "digital gold," Bitcoin can also be used for peer-to-peer transactions. However, its transaction fees and confirmation times can be relatively high during periods of network congestion.
2. Litecoin (LTC): Created as a "silver to Bitcoin's gold," Litecoin aims to facilitate faster and cheaper transactions compared to Bitcoin. It has a higher transaction throughput and shorter block generation time, making it suitable for day-to-day transactions.
3. Nano (NANO): Nano is designed specifically for fast and fee-less transactions. Its block-lattice architecture enables near-instantaneous transactions with no fees, making it well-suited for micropayments and real-time transactions.
4. Bitcoin Cash (BCH): Bitcoin Cash emerged from a hard fork of Bitcoin with the aim of increasing block size to improve scalability and lower transaction fees. It aims to offer faster and cheaper transactions compared to Bitcoin.
5. Stellar Lumens (XLM): Stellar is a decentralized platform that enables cross-border payments and asset transfers. Stellar Lumens (XLM) serves as the native cryptocurrency of the Stellar network and is designed for fast and low-cost transactions.
6. Dash (DASH): Dash focuses on privacy and usability, with features like PrivateSend and InstantSend. It aims to provide fast and inexpensive transactions while offering enhanced privacy features.
7. Monero (XMR): Monero prioritizes privacy and anonymity, making it suitable for users who value confidentiality in their transactions. It uses advanced cryptographic techniques to obfuscate transaction details and protect user privacy.

Ultimately, the "best" cryptocurrency for use as a currency depends on your specific needs and preferences. Factors such as transaction speed, cost, security, privacy, and adoption should be considered when choosing a cryptocurrency for everyday transactions. It's essential to research each cryptocurrency thoroughly and consider its strengths and weaknesses before deciding which one to use. Additionally, factors such as merchant acceptance, regulatory considerations, and community support can also influence the suitability of a cryptocurrency for everyday use.

Pretty cool to see Nano on that list given the fact that it's so far down the list in coinmarketcap.

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The original was posted on /r/nanocurrency by /u/Embarrassed-Tea-6797 on 2024-03-05 02:23:18.

I’ve been in nano since 2017. I saw its massive run-up I never sold, and I just held all these years. I haven’t really been following up. Is there still a reason to hold?

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The original was posted on /r/nanocurrency by /u/freeman_joe on 2024-03-04 20:45:34.

Hey everyone!

I hope you're all doing well. 😊 I wanted to kick off a friendly discussion on a topic that's been on my mind lately: how to tackle spam effectively.

I've been mulling over some ideas, particularly involving the Nano cryptocurrency protocol. Imagine if, for every account created, a small amount of Nano had to be locked up for a short period, like a day or a week? This could discourage spammers from flooding the system with fake accounts, as it would cost them more to do so. And don't worry, this wouldn't affect legitimate users at all!

On top of that, what if we introduced a reputation-based system? Users would earn reputation points based on their activity and behavior on the network. Transactions from accounts with high reputation scores would get priority over those from accounts with lower scores. Plus, reputation could be gained through regular usage of the Nano network. The more you use it, the lower your reputation and vice versa.

Of course, these are just some brainstorming ideas, so take them with a grain of salt! I'd love to hear your thoughts and any other ideas you might have. Let's work together to make our crypto community even better!

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The original was posted on /r/nanocurrency by /u/Explicit65 on 2024-03-04 16:02:20.

As the title says. Now let's all withdraw all of our nano from the exchange! Then set your representative to a good 26.1 node and decentralize the network even more.

Thank you Kraken for supporting Nano and helping to demonstrate Nano works fine despite the spam attack.

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The original was posted on /r/nanocurrency by /u/NanoMod on 2024-03-04 06:00:11.

Welcome to Nano!

This post is meant for things that are relevant but do not justify their own post. For example, debates, issues, simple questions, memes or similar.

We normally recommend using our Discord server for quicker answers but using this post is fine if you don't have/want Discord. Note that the official English Telegram channel for nano is @ nanocurrency.

It's common that users have the same questions. So please, before making a new thread, make some research and look for similar questions. You will often find a comprehensive answer to your question has already been given! Please also check the official nano forum linked below.

What is Nano?

A fee-less, instant, decentralized and eco-friendly digital currency meant for peer-to-peer payments. Also knows as the ticker XNO or Ӿ.

Please check out r/nanocurrencybeginners or the Introduction For Newcomers

Where can I get some and try it out?

• Nano can be purchased at various Exchanges. More info in this guide or main site
• It can also be obtained for free in faucets or other services
• Or just try real-time transactions right now for free with TryNano.io!

Where to store Nano?

• There are several wallets to choose from found in this guide or listed here
• The most simple form is the Nano seed which unlocks your accounts. Make sure to keep a safe backup of it, or you will risk losing your funds!
• Nano is supported on the hardware wallet Ledger Nano S and X. Refer to the Full Guide
• More about Nano security

Trade / Price Talk Neighbour Communities

• r/nanotrade

More Information

• Main Site - nano.org
• Nano Hub - Explore the Nano ecosystem
• Support & Discussion forum
• Detailed documentation and protocol guide
• Frequently Asked Questions
• More quick links at the top and sidebar (menu on the mobile app)

Rules:

• Be respectful of one another. Follow the golden rule of friendliness
• No trolling or shilling
• No begging, bragging or illegal activities

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The original was posted on /r/nanocurrency by /u/Cryptoenailer on 2024-03-03 23:03:33.

Title, also is there anyway to stake/compound nano for rewards ? And what are some of the best ways to earn nano for free ?

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The original was posted on /r/nanocurrency by /u/IronBobcatHax on 2024-03-04 01:39:48.

Notice

A lot of my projects do not last a while, as they do not pick up popularity. This project is aiming to be a perminent solution, and will be a long term project.

Project Info

Ever worry about your transactions being easily connectable through sites and services? How your Nano address might be connected to several other addresses, and even linkable to your Reddit or Discord account? AnonNano is here to help!

Just like a Bitcoin mixer, AnonNano anonymizes your transactions in the sea of thousands of others, and provides a plug-and-play set-it-and-forget-it solution to the absense of Nano privacy. You will get a perminent mixing address which anonymizes your transactions whem you send to it. Pay only 1%, and get access to automatic Nano forwarding, email notifications, and true privacy!

Support this project!

Most of my projects rely on donations and funding, including this one. Consider dropping us some Nano to support hosting costs, designs, and our time!

Perks

0-0.99 XNO Get access to 0.5% fees for a lifetime, and access to AnonNano alpha and beta... early! 1+ XNO All above features, a listing on the credits section, and no fees for a lifetime!

How to donate

Reddit tips are the easiest way to donate!

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The original was posted on /r/nanocurrency by /u/Edipya on 2024-03-03 20:58:29.

Hey folks, a friend asked me a few days ago what would be the cheapest way to send some money from Turkey to her sister in Germany, and I got thinking about how perfect Nano would be for this purpose.

Started researching a bit on this subreddit and it seems like there have been some ideas, not only for nano, to be used in international wire transfers. Obviously you can already do that today, by opening Nano Wallets on both sides and finding a vendor ready to exchange your nano to fiat, but still…there’s no user-friendly solution yet.

The market for international transfers is huge, and I read the nano team was in negotiations a few years back, so my question is what’s holding us back from creating a system for that?

I would think it’s pretty highly regulated, and then also there are the risks of nano being a volatile currency like all cryptos, but with the nature of money transfer being instantaneous, don’t really think this would pose a risk, no?

Anyone got any insights into this? Much appreciated!

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The original was posted on /r/nanocurrency by /u/OwnAGun on 2024-03-03 15:25:58.

I keep hearing reports that exchanges are not processing deposits or withdrawals. Why are they doing this? Don't they understand that all normal transactions are working just fine and will process in under 5 minutes? Is there a way to explain to them that all funds are safe, there us no risk of doublespend or hack or anything? All that is happening is spam dust is being delayed which is how Nano is designed to work. Don't they realize this. It seems like they are in conspiracy with the spammer. They are doing the spammers budding instead of trusting the network. What do we do about it?

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The original was posted on /r/nanocurrency by /u/JusticeLoveMercy on 2024-03-03 06:41:01.

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The original was posted on /r/nanocurrency by /u/blockracer on 2024-03-02 18:07:01.

Hey guys. After the spam I took my website down but after a few tests everything seems to confirm within a few minutes or less. With that being said, the raffle is back online and working.

Come build up the pot and win some nano!

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The original was posted on /r/nanocurrency by /u/CapBing on 2024-03-02 16:57:20.

I made a Nano faucet website and I intend to put same games like checkers, hangman and other to users play and earn Nano reward.

The website is in test and is really limited and with bugs right now.

Site: nanonow.tech if you test it, please let me know if it worked, and if not what error did you get

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The original was posted on /r/nanocurrency by /u/manageablemanatee on 2024-03-02 03:17:48.

As we have seen in recent days the Nano network has been operating with a constant backlog, with the prioritization system kicking in ensuring that normal user transactions are being processed reasonably quickly.

However exchanges like Binance and Kraken have taken the decision to halt deposits and withdrawals, in Kraken's case citing "network delays"*. Are these exchanges even aware that normal user transactions may work just fine (even if at a longer delay than usual)? After all, halting withdrawals for days impacts a user a lot more than a withdrawal taking minutes or an hour.

Should there be a push to persuade these large exchanges to handle these incidents differently?

Is there some legitimate risk for exchanges resuming deposits/withdrawals that is not so obvious to us?

*CORRECTION: Kraken has not officially halted deposits/withdrawals but they have effectively done so anyway by not processing either for a few days now.

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The original was posted on /r/nanocurrency by /u/tech32spn on 2024-03-01 18:38:05.

Source : NanoTicker, "Checked [MAX] blocks" (seen enclosed).

Is this new wave of spam still allowed due to the vulnerabilities related to the backlog not being cleared yet (sort of non-optimal environment for V26.1) or is a vulnerability totally related to V26.1 itself, meaning we haven't tackled the issue yet?

I delete this post if proven it's related to the first scenario (pre-V26.1 backlog not allowing optimization of V26.1).

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The original was posted on /r/nanocurrency by /u/Explicit65 on 2024-03-01 18:08:33.

Let’s talk about reducing Nano divisibility to .0001 and what the implications of that would be. To be clear, I am in no way endorsing this action, I just want to have a pros/cons discussion.

If Nano reduced transaction size to .0001, then to spam 1,000,000 transactions, a user would have to own 100 Nano (100 nano divided by .0001 nano per transaction =1,000,000 transactions). At current values this equates to about $140. If Nano were to cost $10, a piece, this would be $1,000, and at $100 a piece, $10,000, and so on. This cost would probably prevent many actors from spamming, because who wants to throw away $100 or more. However, it would not deter bad actors with considerable wealth. However, it does become more and more of a deterrent, the more they want to spam. For example, someone wealthy might think twice about spamming 100,000,000 transactions, when now it is essentially free.

Now, if this change did occur, and Nano went to $10, then the smallest amount of Nano would be worth 1 tenth of a cent. At $1 per Nano, 0.0001 Nano would be worth 1 hundredth of a cent. At $100 per Nano, .0001 Nano would be worth 1 full cent. How small are some of the Nano micro transactions used in games today? Are they smaller than 1 tenth of a cent? I do not know the answer to this.

It should also be noteworthy that 1,000,000 transactions did not stop the Nano network in its current form. Also, Nano will only get better with time.

Note 1: I used the 1,000,000 transaction number because it is my understanding that the spammer pre-created this many transactions and sent them all to the network at once.

Note 2: I just want to thank the devs and node operators and say how super impressed I am with how well the Nano network has handled this spam attack as a result of their hard work. Keep building!

Please add your thoughts below!

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The original was posted on /r/nanocurrency by /u/tech32spn on 2024-03-01 14:26:59.

What is the benefit of having 30 decimals when the "real world" need for transferring such amounts is a big ZERO (even in the context of IoT)?

Why not having trillion of times bigger amounts of let's say 0,0001XNO as a minimum and update the protocol when there is a true need for further decimals (let's imagine in 5-10 years depending on success of the network and its value)?

Frankly, it looks so ridiculous and meaningless having these insignificant numbers roaming on all Nano explorers.

With haters being legions, we must expect more and more people wasting resources to spam the network, meaning a possibility of near-to non-stop spamming and zero need to display such info on explorers.

At the same time, could it be that a cap of minimum 0,0001 could reduce spamming? If the answer is even a very approximate "yes", then we MUST do it to gain credibility and cut this permanent dust pollution.

If the mkt cap increases 10 fold or more, we'll have much resources to make these decimals upgrade, don't you think so? In the trade-off, we are currently losing credibility with the 30 decimals (and network clogged).

Who decided about the 30 decimals and why letting people use them ?

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The original was posted on /r/nanocurrency by /u/SpaceGodziIIa on 2024-03-01 18:49:54.

Currently according to stats.nanobrowse.com there are about 700,000 checked but unconfirmed blocks. Assuming the confirmations stay at what they currently are (12 per second) that means the backlog will clear in... 700000 / 12 / 60 / 60= 16 hours. So assuming the CPS stays the same or improves, the backlog will be cleared today!

Upadate: Backlog should be cleared in 3 hours 45 minutes at the current 25 CPS!

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The original was posted on /r/nanocurrency by /u/SamChubomb on 2024-03-01 14:21:34.

Spam has been the main thing discussed on the the sub lately, but is it really a problem? As long as normal transactions go through I don't see why we obsess over spam.

Ledger bloat is another side effect, but given current storage growth that seems to be a non issue and that is before any optimization of storage usage.