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Rethinking the Global Digital Payment System with Nano

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Nano
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Nano is a highly ambitious blockchain project that aims to offer the ideal currency as a global medium of exchange for daily transactions. The project is a rebrand of the former RaiBlocks and one of the main reasons for the name change is, in fact, the network’s objective of mainstream adoption.

What’s in a Name?

The team behind Nano chose this name for the simple fact that it is easy to pronounce and will sound the same regardless of the language spoken. This was quite in tune with the goal of appealing to a wide base of users from all around the world.

The name also reflects the core features of the product it represents. Transactions on Nano are virtually instantaneous and do not cost a dime. In this regard, the name Nano seems suitable as it elicits thoughts of small or minute, a brief span of time, the least possible expense. It thus appeals to every type of user and all transaction sizes no matter how small.

RaiBlocks, the base platform that led to the birth of Nano, had an eventful 2017, especially in December. Its popularity gives Nano the perfect foundation for widespread adoption and growth.

The Advanced Technology behind Nano

What makes Nano particularly captivating is that it operates using an extraordinary blockchain approach. While the regular blockchain is essentially linear, Nano incorporates a lattice framework to enhance the efficiency of the system. Each account on the network runs on its own blockchain and belongs to a new generation of fast, feeless and minerless (FFM) digital currencies.

This design greatly reduces the time taken to confirm transactions and is, therefore, able to keep operational costs conveniently low. It also ensures limitless scalability, a target that has proven to be highly elusive for most of the popular blockchains.

A Revolution for Digital Payment Systems

The fact that Nano offers feeless and instant transactions on its network makes it the ideal choice for crypto traders. It also presents a worthwhile revolution for today’s costly and time-consuming payment systems. It is easy to make payments for recurrent bills like rent. Users can even pay for a cab or dinner using this simple method.

It is also the best choice for small payments like content subscriptions and digital asset rights. Retail outlets can also take advantage of these benefits for both online and in-store crypto payments.

Even though the rebrand was executed towards the end of January, the Nano ecosystem has maintained most of the familiar features users associated with RaiBlocks, at least for now. Wallet addresses still take the XRB prefix but in future will change to NANO.

The Futuristic Crypto Model

The original community and inherent value proposal of the project have contributed to widespread support and adoption for Nano. As a result, it has come a long way in a brief span of time. The system uses state of the art technology and has very few competitors in terms of speed and scalability. The model offers impressive transactional flexibility and has a real shot at dominating the Internet of Things space in the foreseeable future.

We will be updating our subscribers as soon as we know more. For the latest updates on NANO, sign up below!

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 own thorough research before investing in any cryptocurrency.

Image courtesy of coinmarketcap.com

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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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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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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