5 Reasons Why Nano Is a Better Investment Than Bitcoin Right Now 8691

Nano (NANO) is one of the many cryptocurrencies that investors have to choose from, but it is a coin that stands out from the crowd. Not only is it built on a very solid technical bedrock, but it is also easy to explain why Nano is an excellent investment target without having to delve too deeply into the technical side of things.

Here are some of the best reasons for any cryptocurrency investor to take a good lock at Nano and give it some serious consideration.

1. It’s Simple, Fast and Feeless


The way that we store, send, and spend our money has changed dramatically over the years. It wasn’t long ago that checking our bank account balances would require visiting a bank or ATM. Today, we can simply open a banking app or web browser on our smartphone. From there, we can check our balances and move money between our accounts. Given how convenient managing and spending fiat currencies digitally is, you’d wonder how a cryptocurrency, being entirely digital, would be able to compete.

However, cryptocurrencies are much less simple and straightforward, especially to those who are less tech-savvy. If cryptocurrencies are ever to achieve the widespread adoption that many are hoping for, they will need to extend their appeal to the average person. They also need to be able to match traditional fiat currencies in terms of convenience and ease of use. So far, they have failed.

crypto atm Prague

Nano breaks the mold in this regard, it is perhaps the simplest cryptocurrencies to use. In fact, it is probably the first cryptocurrency that behaves the way most people expect cryptocurrencies to behave.

“Fast and feeless” has become something of an unofficial motto for Nano. The ability to transfer Nano instantly, without having to wait or pay any network fees, is a big selling point. Nano’s simplicity makes it an easy sell. From the perspective of an investor, an attractive asset like Nano stands a good chance of rising in popularity and value. Nano is also much better positioned to penetrate the demographics and markets that cryptocurrencies have struggled to breach in the past.

2. It’s Green

Nano is a very environmentally friendly cryptocurrency, something which has significant implications for its long-term future. To understand why this is significant for an investor, it helps to compare Nano with Bitcoin.

Bitcoin is no longer the only cryptocurrency out there, but it is by far the most prominent. This is largely because Bitcoin was the first cryptocurrency, setting the stage for all those that have come since. Whatever the causes, Bitcoin has now become entrenched in its place at the top of the market, in spite of its issues. Interest in Bitcoin can be seen not only in the amount of Bitcoin being bought and sold but in the number of people engaged in mining.

Mining is not used in Nano, but is an integral part of the Bitcoin network. Mining adds new blocks to the Bitcoin blockchain, paying out Bitcoin to the miner(s) who “solve” each block. The way the Bitcoin network is designed means that a new block is added every 10 minutes. This means that when there are more miners, and therefore more computing power, on the network, the difficulty of mining is increased. More difficult mining requires more computing power.

One study found that maintaining the Bitcoin network requires 2.6GW of power each year. This is equivalent to the power consumption of the entire nation of Ireland. It’s virtually impossible to establish how much of that energy is coming from renewable sources. However, the 2.6GW figure represents a best-case scenario. The actual figure could be as high as 7.7GW. This environmental cost is a problem that Bitcoin cannot continue to ignore and it represents one of the biggest threats to Bitcoin’s long-term future.

Nano offers an entirely different approach. There is no mining with Nano, and the only energy required is the tiny amount used by the processor in your device when you send or receive Nano through the network. Nano’s lightweight and eco-friendly nature is a significant factor in determining its long-term prospects.

3. Scalability

This is another key factor in Nano’s long-term potential. As discussed above, should it achieve significant market penetration and reach a very wide audience, a massive network won’t have the same punishing power requirements for Nano as it would other cryptocurrencies. This is one facet of Nano’s scalability, but there are others that are just as important.

For example, just as a dollar can be divided into 100 cents, 1 Nano can be divided into a number of smaller units, called Raw. 1 Nano (formerly xrb) is 10^24 raw. 1 raw is the smallest possible division.

This gives the network a fantastic amount of elasticity. No matter how high the value of Nano becomes, it will still be easy to trade between users, who can send as little as 1 Raw to one another.

Again, this is an important consideration for investors as it speaks to Nano’s long-term viability. Scalability is a measure of its ability to function and operate appropriately should it achieve market dominance.

4. A Promising Time

With any kind of investment, timing is everything. Not only do investors need to time their investments so that their investment target increases in value, but they also aim to time their investments so that they can take advantage of changes in circumstance as they occur.

When any business begins to perform well, their stock value will rise. Investors aim to ride these waves, but doing so requires that they react to events very quickly. The slower they are to react, the lower their potential profits from the rise in value.

bitcoin price

Cryptocurrencies, especially Bitcoin, are notorious for their wild price fluctuations, sometimes over the course of a single day. In amongst these short-term spikes and dips in value, it is still possible to discern some overarching trends. In the case of Nano, a recent spate of positive news and technical improvements to the network has helped to push Nano’s value up.

With growing interest and awareness of Nano, and in particular the benefits it offers over other cryptocurrencies, there is the perfect storm of circumstances needed to set Nano’s value on a sustainable upward trajectory. There are no certainties when it comes to investing, but you’d be hard pressed to find another coin in as favorable circumstances as Nano currently is.

5. A Thriving Community

This is an important but often overlooked metric in determining the health and prospects of a cryptocurrency. As previously reported by Mineable, research from a couple of Yale economists showed a correlation between the number of Google searches for Bitcoin and a subsequent spike in value.

Nano’s recent run of positive press coverage hasn’t been driven entirely by technical improvements to the network, although this has certainly helped. Nano has emerged as a widely used medium of exchange in crisis-stricken Venezuela. Not only has this spurred a number of other cryptocurrency developers to turn their attention towards enabling their users to make charitable donations using their coins, but it has also served as a powerful demonstration of Nano’s potential.

why nano

The use of Nano amongst individuals in Venezuela shows that it works and has a valid use case. It is also an effective show of Nano’s best features. The fact that Nano can be sent between users instantly and without having to pay any network fees makes it much better suited for paying for goods in these circumstances. Nano transfers instantly between users, with the receiver receiving allof the funds they are sent. With most cryptocurrencies, transactions take time to verify, time that is proportional to the amount that the sender is willing to pay in fees.

Nano has demonstrated its potential in a very convincing way. No other coin has had quite the same level of field testing that Nano has had as a result of the situation in Venezuela. The underlying technology has proven itself and continues to improve with each iteration of the network software. Not only are things going very well for Nano now, but it also has everything that cryptocurrency investors look for in a long-term investment. Whether you already have a cryptocurrency portfolio or not, you should seriously consider making an investment in Nano.

Follow MINEABLE – https://twitter.com/mineable_

Previous ArticleNext Article

ICON (ICX) – Whatever Happened to The Korean Ethereum? 6734

icon icx

Bitcoiner since $59BittBurger, gives us his take on the current status of the South Korean ICON project. This post is primarily about a solid uptick in community involvement, decentralized marketing, and the token side of things. For the last year and a half we had a pretty uninvolved community, while the company continued to work under the hood to build something huge.

A lot is happening right now. I feel like nobody knows about it.

It’s Happening

A lot is happening right now. I feel like nobody knows about it. It just started. Most of it. So your patience will be appreciated. But I’ve never seen so much proactivity in this project on the token-side of things before.

new larger office

  • AMBASSADOR PROGRAM: Over the last handful of weeks, the Ambassador program has begun. This program incentivizes the creation of content to promote ICON across social media and the internet. Several Ambassadors have already put out multiple articles that are getting ranked across Google and Medium, bringing attention to the project.

  • ICONSENSUS P-REPS: The number of ICONSENSUS P-REP candidates has surpassed 40 (there will only be 22 voted in) and ICON is beginning a strong marketing push to attract more teams this month, with the goal of reaching 100. Check out the candidate interviews here.

  • EXPOSURE: Some of these P-REP teams which including RHIZOMEICONation, and Ubik have already begun cranking out content, started YouTube video channels, and scrambling to get ICON on podcasts.

  • PODCASTS: Speaking of Podcasts, several investors have begun reaching out to their contacts at several different podcast and YouTube influencers. The goal is to get ICON team members on for an interview, to talk about the project and get the ICON name in front of tens of thousands of faces (or ears). Ricky and others at ICON have been excited to make themselves available for this, which makes all of us extremely grateful. I will be working to get someone on my friend Chico Crypto‘s YouTube channel soon, and a handful of podcasts are already underway for scheduling.

  • EXCHANGES: This past week, a group formed within the Telegram channel to focus entirely on reaching out to as many new exchanges as possible, and getting ICON listed on them. A Trello has been set up, and we’ve already begun making headway on this incredibly important goal.

  • BINANCE USA LISTING: With the advent of Binance USA, both the ICON team and everyone involved are aggressively pursuing assurance that ICX will be listed on the new exchange for US investors.

  • COINBASE LISTING: The same is being done for ICX being in the next couple rounds of newly added coins on Coinbase. I’ve spoken to team members at ICON who have assured me they’ve been following up on this regularly. Please download their app > Sign in > Click “View all Assets” > Then scroll down and click “Follow” on ICON. This is an important metric for Coinbase to decide what gets added next.

  • HIRING PR COMPANY: Two days ago I managed to connect Ricky Dodds (ICONS Head of Institutional Markets in their San Francisco office) to a close friend of mine who runs the PR company which took Genesis mining from nothing to a $2 Billion valuation, and got them on that 60 minutes episode a few weeks ago about Bitcoin. The mining segment in Iceland was thanks to him. Intro email was sent and the two of them have been connected to see if they’re a good fit.

  • HIRING PR COMPANY: Today, I connected Ricky to another company who runs a significantly larger Crypto-focused PR and marketing company. These guys were responsible for some of the biggest successes in Crypto, including Ethereum, NEO, Maidsafe, Qtum, Bancor, Lisk, and Augur. They also managed scaling campaigns for DASH, Ripple, Bittrex, and Kraken. They were excited as they personally know 4 of the 8 advisors listed on the ICON website, and they have an office in Seoul, South Korea in addition to Santa Monica, NYC, Las Vegas, Toronto, and San Francisco. To say I am excited to see the emails flying around today between Ricky and their team would be an understatement.

  • STAKING! 15% Staking is coming in 43 days. The ramifications of this can not be overstated. Aside from the completely speculative “claim” from some that their whale groups will stop suppressing the price at that time (which would be great, if it’s true), I expect nearly everyone to be staking their coins, completely drying up the order book and causing massive upward price pressure come September.

  • INCENTIVE PROGRAMS: I was happy to hear from a team member that several very specific plans are being put in place, after observing countless incentive programs by other projects that have resulted in price gains. The ICON team has realized the importance of creating incentive, interest, anticipation, and excitement for this token, and they’re taking steps to make it a reality for ICX.

icon partnerships

My point in writing this: A LOT is coming in the next 8 to 12 weeks. All of this is centered around recovering and catapulting the price as high as it can possibly go. ICON is seeking out the all-stars in this industry with incredibly resumes, and asking the experts for direction and input.

All of the marketing and promotion has just barely begun. Everything is at ground zero. But its finally happening. All the things we’ve been hoping for, for a year and a half.

How FUSION’s (FSN) Blockchain is Taking Over the 300 Trillion Dollar Financial Industry 3646

Blockchain technology may have an impact across numerous industries but it is poised to change the way we think about Finance in the most profound way.

The incumbent capital finance system is structured around large institutions and regulatory bodies that serve as the trust layer to ensure the security and fluidity of financial systems. But this is set to change, with blockchain technology achieving inherent trust where previously a rent-seeking intermediary was an essential and unavoidable cog in the system.

The opportunities that emerge from the Digital Economy are significant, and Fusion is going to be at the centre of this transformation. The Fusion protocol provides the infrastructure for the financial applications of the future that many businesses and institutions are looking to build.

FUSION (FSN) has three key features that elevate it above other smart contract platforms targeting blockchain finance.

  1.     A feature-rich ecosystem for modeling time-based transactions relevant to many industries, starting with debt instruments, entertainment licensing, asset rentals and more.
  2.     A fully realized interoperability and distributed custody solution that connects different on-chain and off-chain ecosystems and serves as the foundation for decentralized exchange.
  3.     A team with deep traditional finance and technology experience focused on solving real-world use-cases in a flexible and adaptive way.

We use cookies to give you the best online experience. By agreeing you accept the use of cookies in accordance with our cookie policy.