T O P

I'm new to nano and crypto in general could someone please explain how this works?

I'm new to nano and crypto in general could someone please explain how this works?

Xanza

NANO is fast because of its blockchain technology called DAG. NANO is feeless because that is the way it is designed. The creators of NANO, The Nano Foundation, do not make money from NANO. When NANO was originally minted and all the coins distributed there was a small portion of that distribution set aside for ongoing development efforts. The value of NANO is determined in the same way the value in any other asset is determined.


shape_shifty

Distributed ledger technology is the broader term, blockchain technologies are distributed ledger technologies. Nano uses a directed acyclic graph which isn't a blockchain itself, it's a "blockchain like" technology.


Xanza

A distributed ledger isn't a guarantee for a fast crypto... There are many crypto with a distributed ledger that aren't anywhere near as fast as NANO. The specific question was _what makes NANO fast?_ Which is DAG...


0Default0

Watch this video for a Summary [Nano Currency](https://www.youtube.com/watch?v=2LPelF7nA9w) You Can Also Check u/SenatusSPQR 's Article Here [Basics of Nano](https://senatusspqr.medium.com/the-basics-of-nano-why-its-such-an-exciting-crypto-577b69665a9a) If you want to Know it in Detail, Take a look at the [Nano's Whitepaper](https://content.nano.org/whitepaper/Nano_Whitepaper_en.pdf)


borkode

Thank you, I'll check this out now.


Jility

THIS. Check out the article!


Engineerman

Have you tried reading the white paper? It's a little technical but explains it step by step, which might be better than googling. As for whether the devs make money, they had an initial allocation and they have slowly been selling it to fund themselves. The allocation was quite small compared to many projects (I think 10% or something), and it's way down from that as most of it has been sold.


Koordenvierhoek

5% even, make sure to check out this post from last week: https://i.redd.it/990pes8srom71.png


Engineerman

Perfect!!


[deleted]

[удалено]


Engineerman

It'll be linked on nano.org


Repulsive_Ferret88

Does someone has the link to Nano around the world video?


DMAA79

Here you are, Madame/Sir : https://www.youtube.com/watch?v=iKt9KepQQF4


Repulsive_Ferret88

Nice


kasarambala

There are many things to read and understand about crypto, btc, eth, xrp, iota, nano, etc.., My personal suggestion 'buy nano now hold it'. later you do your research. Welcome to the Nano group.


tkepner

If you are new to crypto, you might find this useful: [https://www.publish0x.com/terry-kepner/cryptocurrency-dictionary-xooqeem](https://www.publish0x.com/terry-kepner/cryptocurrency-dictionary-xooqeem)


DropShipIO

If you’re new to crypto, Mike Maloney gives the best explanation. NANO works with a hashgraph aka DAG technology. But first you must know how blockchain works. https://youtu.be/SF362xxcfdk


Jones9319

This is also a great resource https://nano.community


charissadarling

Guys how do I buy a small amount of nano? I'm talking like literally only $10 or less....