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