Nano was created for one purpose only – to transmit value over distance in the most optimal way.
Table of Contents
Main characteristics, advantages, and disadvantages of NANO
One of NANO’s greatest assets, of course, is completely free transfers.
This means that if we transmit 1 NANO, the recipient will always receive 1 NANO, and it’s completely free! This aspect also eliminates the frequent problem with the correct setting of the transfer commission (commission) in the case of “traditional” cryptocurrencies in POW (proof of stack) technology. This may cause our transaction to get stuck in the queue.
Thanks to completely new technology and low computing power requirements, the entire network consumes significantly less power.
Speed
The transmission time is 3 to 5 seconds (with confirmation).
In Proof of Work technology, these times are available only in the absence of confirmation (i.e. in the so-called 0-conf case).
At the time of this writing, it is the fastest cryptocurrency rated by Binanance, outperforming even XRP Oraz XLM.
Security
NANO has several built-in defenses against hacker attacks, one of which requires a little proof of work calculation, which means our computers have to do a little work to transfer funds.
It is worth noting that there is no 51% attack capability in this technology (double attack).
All security features along with detailed descriptions can be found on Github.
Scalability
NANO’s theoretical throughput is 7000 TPS (transactions per second). This is a purely hypothetical value, as NANO speed is highly dependent on hardware constraints such as disk speed, network bandwidth, etc.
Exchange
Nano currency trading as well as NANO to DOGE exchange is available on several stock exchanges, the two largest ones recommended by BINANCE Oraz KUCOIN.
NANO additionally holds its own NANEX trade, which does not require approval.
Dogecoin
Dogecoin is a decentralized digital currency that allows you to send money online with ease. Think of it as “internet currency”.
“Doge” is our cheerful, friendly mascot! The Shiba Inu is a Japanese dog breed that has been popularized as an online meme and represents Dogecoin.
Dogecoin is distinct from other digital coins with an unusual, active population of favorable people like you.
Dogecoin is applied with a wallet on your machine, smartphone, or website.
You can use it to buy goods and services or exchange it for other currencies (both other cryptocurrencies and traditional currencies such as US dollars).
One of the most popular uses for Dogecoin is to “pay” internet visitors who create or share great content. Think of it as a more meaningful “like” or “advanced,” with real value that can be used all over the internet.
Making money with Dogecoin
You can earn cash with Dogecoin in one of three methods:
- Get a tip. Hints are automatically added to your wallet and can be used to either buy products/services from others, sell to other users in return, or hold them back as an investment.
- Sell products or services. Whether you are a website developer, writer, business consultant, jeweler or social media marketing guru, paying with Dogecoin is as easy as any other form of payment through fiat currency. Many online platforms have plugins to accept DOGE as payment along with USD, EUR, etc.
- Invest in Dogecoin. Similar to buying stocks, stocks, or Forex trading, you can buy Dogecoin and hope that it will rise in value.
To compare these two coins read additional information on https://alligat0r.com/custom/compare/
