Nano (XNO)
Rank #328
Market snapshot
- Price
- $0.378304
- Market cap
- $50.4M
- 24h volume
- $327,859.46
- Circulating supply
- 133,248,297
- Total supply
- 133,248,297
- Max supply
- 133,248,297
What is Nano?
Nano is a digital currency aimed at providing a fee-less payment solution for users. It operates on a decentralized network that allows for instantaneous transactions, ensuring that users can access their funds without delays. This design promotes a user-friendly experience, making Nano suitable for everyday transactions.
How Nano works
Nano operates without relying on traditional mining, printing, or minting processes, which contributes to its sustainability as a monetary solution. The network utilizes a unique architecture that allows users to send and receive funds instantly. Integration with Nano can be achieved easily through access to an API or node, along with a wallet application. This setup facilitates the seamless operation of transactions within the Nano ecosystem.
Key information
- Symbol
- XNO
- CMC rank
- #328
- Network / platforms
- N/A
- Categories
- Store of value
- Date added
- Mar 6, 2017
Key characteristics
Nano is an open-source project licensed under the BSD-3-Clause license, allowing anyone to participate in its development. Its architecture supports instant transactions and fee-less operations, making it a practical choice for users. Nano is categorized under various tags, including payments and medium-of-exchange.
Official resources
Risks
Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.
Transfer and custody notes
Verify the asset name, network, and the destination details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.
FAQ
- What is Nano?
- Nano is a digital currency designed for everyone, enabling fee-free transactions.
- How does Nano work?
- Nano operates on a decentralized network that allows for instantaneous transactions without relying on traditional mining.
- What are the technical characteristics of Nano?
- Nano is an open-source project licensed under the BSD-3-Clause license, supporting instant and fee-less transactions.
- What are the risks associated with transferring Nano?
- Digital asset prices can be volatile, and users should verify addresses and custody methods before transferring.
- How can I verify my acquisition of Nano?
- Verify the asset name, network, and destination details before transferring to ensure accuracy.
- Where can I find official resources for Nano?
- Official resources for Nano can be found on their website and GitHub repository.
