| ▲ | immibis 2 days ago | |||||||||||||||||||||||||
> what are your thought on nano. It has zero fees I repeat: > Almost every cryptocurrency starts out with low fees and then fees increase when it gets popular and runs into processing limits. | ||||||||||||||||||||||||||
| ▲ | Imustaskforhelp 2 days ago | parent [-] | |||||||||||||||||||||||||
Once again, I have no skin in the game at all and I do not own any nano. Nano uses proof of work to counter scam from both sending and receiving side and it uses open representative voting. Basically nano works from my understanding as like hey, we will host the servers for nano since its kinda cheap to do so but also that we can promote our services via the voting model, mostly done by exchanges like binance,kraken for free. The model of nano lacks the idea of payment in the first place, its whole model is built around send/recieve proof of works and representative voting I created a tool which did literally 10s of transactions on nano tokens I got from a faucet and they had 0 fees so I stored data like "hello world" lets say on the chains without losing a single coin (I had like 0.000001) or something They still are sustainable and without spam by that much partially because of their proof of works and from what I know, it can get really hard to spam if one tries to do so. Personally there is nanusd but its highly unregulated, just created by one guy, I wish if something like nano can be created at a stablecoin level but yea. What are your thoughts now, I wish to not sell on nano (the coin) but ORV (the technology), I find it more interested than blockchain essentially, there are some minor differences like nano uses lattice structure etc. Also please dont buy nano reading this, I find the coin still speculative and I wish if someone can create a more regulated version of a stablecoin combined with running basically a nano node internally, its all open source I guess. | ||||||||||||||||||||||||||
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