Connect with us

Altcoins

Nano cryptocurrency explicated, what is XRB Token and its future now?

Published

on

Nano cryptocurrency
READ LATER - DOWNLOAD THIS POST AS PDF

One of the significant issues affecting popular blockchain technologies such as Bitcoin is the subject of scalability. Blockchain technologies are created in such a way that every block on the blockchain can only handle and store a limited volume of data or information. For instance, Bitcoin’s block size is limited to 1MB. However, with the ever-increasing demand, users are forced to live with higher transaction fees and times.

Nano cryptocurrency as technology brings a new breath of fresh vibrancy in the cryptocurrency space offering a novel design architecture that can provide instant transaction times with unlimited scalability.

What is NANO?

Formerly known as RailBlocks, NANO is a virtual currency that is based on DAG and block-lattice data structure. Nano cryptocurrency is an advanced technology that is not similar to any other cryptocurrency in the market thanks to its advanced technology.

Some of the features of NANO include the elimination of miners and mining on its platform and allowing digital instantaneous and zero-rated settlements.

Nano’s Block-lattice Architecture

Nano cryptocurrency has a single blockchain for every individual account that is controlled by the private key belonging to the primary account. Each blockchain is duplicated to all the peers in the platform. This process of duplication is known as a block-lattice.

Using its send and receive blocks, balances are transferred between blockchains where the send blocks decrease the balance of the primary account and identify the delta as a receivable using an account number. As the process continues, a receive block is created by the receiving account which increases the amount of money in the account using the delta.

Using the novel Directed Acyclic Graph or DAG which is based on the block lattice architecture, Nano ensures each user is in possession of their blockchain. A user blockchain is tasked with the responsibility to record account balances instead of tracking transaction amounts like in other blockchain technologies.

This method adopted by the Nanotechnology assists in allowing the use of database pruning that helps less absolute storage requirements. Also, every user blockchain is tasked with the duty to reflect information that is related to the user’s balance record or history, functionality that can only be updated by the owner.

One of the features that make the lattice architecture stand out is the ability of an individual’s blockchain to be updated to the main block lattice asynchronously.

Since absolute control over individual blockchains is vested in unique users, distributed agreement protocols that are responsible for the decision of the shared global state of the ledger are not a requirement. Such distributed agreement protocols include proof-of-work or POW and proof-of-stake also known as PoS.

The Future of Nano Technology and Cryptocurrency

In today’s world and the cryptocurrency/ blockchain ecosystem, there is no shortage of innovation as constant news of upgrades, and changes meet the world.

At the moment, Nanotechnology might be the most innovative technology the cryptocurrency market has ever witnessed. Thanks to its novel block-lattice architecture, Nano has managed to revolutionize the cryptocurrency space by building a truly decentralized network of instant and free transactions.

Going by the current progress, the Nano project has managed to accomplish remarkably; it is safe to say that the future is bright for Nano coin.

XRB Token and Price Prediction

XRB is the default cryptocurrency used by NANO that has been recording surprising growth rates over the past seven days. The coin efficiently recorded a growth rate of about 90%. In the seven day duration, XRB maintained impressive price surges concluding the week with a flattering performance.

Currently, the Nano coin is being exchanged at $3.18 with a market cap of over $420 billion US dollars, and a trading volume of about $47 million in the span of 24-hours.

XRB’s $3.18 price looks like a reasonable price, but it falls behind its all-time high rate of $30 that it clocked back in January. If cryptocurrency market rides the ‘heavy bulls’ at the end of this year, as anticipated by many crypto experts, Nano coin‘s price will also get appreciated. Still, it is hard to tell that the cryptocurrency will reach its all-time high this year.

For the latest cryptocurrency news, join our Telegram!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your thorough research before investing in any cryptocurrency and read our full disclaimer.

Photo by Nathaniel Shuman on Unsplash

Altcoins

Encrypgen’s New HODLING Incentive Program May Send DNA Token Soaring

Published

on

Encrypgen
READ LATER - DOWNLOAD THIS POST AS PDF

Cryptocurrency traders have enjoyed a Bitcoin moon shot during the past few months.  Those gains have created a much more enjoyable environment for crypto bulls.  Whether it’s a temporary or permanent increase remains to be seen but hitting the 10,000 level has put everyone in a better mood.  Unfortunately, altcoins have not had experienced the same type of gains and are lagging significantly behind Bitcoin.

I’ve written articles in the past year that there is at least a decent chance that many altcoins won’t survive the current environment.  The ones that do will do so because they created a platform that has real world usage.  After spending countless hours researching many of the existing altcoins, I’ve yet to see a company that is more promising than Encrypgen (DNA).

Encrypgen Background Information

Encrypgen is a genomic blockchain network that provides customers and partners with best-in-class, next generation, blockchain security for protecting, sharing and re-marketing genomic data. This creates a fair marketplace for a person’s DNA that can be stored privately and sold (if a person wishes to do that). A person’s DNA can also be shared privately and securely with their physician for their personalized care.

Typically, people can send their DNA off to a lab to find out who they are and where they come from. As fun as that might sound, there is a significant security problem…

Continue Reading

Altcoins

Top 3 Coins to Buy Before They Go Big

Published

on

coins
READ LATER - DOWNLOAD THIS POST AS PDF

Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

Continue Reading

Altcoins

TRON (TRX) Is Likely to Go Big in June

Published

on

Tron
READ LATER - DOWNLOAD THIS POST AS PDF

We are now halfway through 2019, and the situation in the crypto space is better than ever in the past year. Numerous cryptos are seeing large gains, often cut by brief periods of stagnation or small corrections, but the overall sentiment is obviously bullish.

Bitcoin sits way above the $8k mark, and while it struggles to go beyond $8,700, it is still trying to grow. Investors and analysts are quite bullish regarding the foreseeable future, and a lot of altcoins are expected to follow BTC in this regard. However, today, we would like to talk about one particular altcoin — TRON (TRX) — as well as why it is likely to go big in June.

TRON’s progress so far

As many people in and out of TRON community know, TRX is not a project that often sits still. It is rich with announcements, particularly when it comes to his CEO, Justin Sun, whose enthusiastic tweets often seem like hype building to many.

However, TRON made some massive progress in 2018, which was the worst year cryptocurrencies have ever seen. This is not something that can be achieved through hype alone, and the project needs to have true quality and value in order to see such massive development in the middle of the longest and harshest crypto winter in…

Continue Reading

Elite