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

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Nano cryptocurrency
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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.

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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

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CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Can Libra help the crypto industry to reach new heights?

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Libra is motivated and determined to change the face of payment procedures across the globe and make the blockchain-based project the leaders of payments.
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The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.

From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced the launch of their cryptocurrency platform, and this news got viral like wildfire. The announcement came forward in June, and the upcoming cryptocurrency is known as Libra, and it’ll come with its dedicated wallet called Calibra.

What is Libra?

Libra is a permissioned blockchain-based digital currency which is being developed under the supervision of Facebook’s vice president, David A. Marcus. The cryptocurrency is under development in partnership with an independent, non-profit member Libra Association. Facebook is the second member of the project, and these companies aim to use Facebook’s user base for the promotion of the digital currency when it is launched. The transactions and the cryptocurrency will be managed and cryptographically entrusted by the Libra Association.

Note: Libra Association was established by Facebook to look after the cryptocurrency and the transactions, and it was founded in Geneva, Switzerland.

The development of…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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