Connect with us

Bitcoin News

Crypto exchange Kraken to list Nano (NANO)



Cryptocurrency exchange company Kraken, announced today that on November 6th, it will list NANO. Nano (NANO) is a next-generation decentralized network and cryptocurrency designed to solve instantaneous peer-to-peer payments without fees or the need for expensive computational resources.

Funding and Trading Timeline

Kraken will enable deposits and withdrawals for Nano (NANO) at approximately 13:30 UTC on November 6th. The first trades will start shortly after funding is enabled.

Features of Nano

  • Nano utilizes a novel, block-lattice data structure that requires each user account to have its own blockchain and processing power
  • The user account’s blockchain keeps track of their account’s entire transaction and balance history
  • The architecture allows transactions to be confirmed instantaneously and asynchronously, rather than waiting for pre-determined block intervals
  • Each Nano transaction is then broadcast to the entire network and recorded in historical ledgers
  • Nano transactions cost on average $.002, which is the amount of electricity needed to complete a small proof of work for processing
  • Originally called Railblocks, Nano was launched on October 4, 2015. It rebranded in January 2018

Like what you read? Give us one like or share it to your friends
original post…

Continue Reading

Recent Posts

Copyright © 2019 The Crypto Report