View NANO press release ➔
https://cryptoeq.io/news/nano-releaseView NANO CORE Report ➔
https://cryptoeq.io/coreReports/nano-abridgedOverviewNano is a digital payment protocol designed to optimize for ultrafast transactions, negligible transaction costs, and high network scalability for everyday P2P transactions. To achieve this objective, Nano is built on Directed Acyclic Graph (DAG) network structure utilizing a Block Lattice architecture. In a Block Lattice design, each account has its “own blockchain” to keep track of transactions, meaning every node on the network does not have to verify every transaction.
+ NANO Strengths- High network scalability due to Directed Acyclic Graph (DAG) block-lattice architecture
No ICO and previously issued, fixed total supply (133,248,297 NANO)
Lightweight “be your own blockchain” design allows anyone to easily participate and quickly transact
- NANO Weaknesses- Since 2019, the core project development centers around just 5 developers
Centralization around Principal Representatives: the top 6 Principal Representatives control >51% of the vote
Centralization around token distribution - top 10 accounts hold nearly ~30% of the supply, including nearly 20% to Binance alone
Competition as easy payments from the proliferation of stablecoins and private actors like Facebook’s Libra
About the rating:CryptoEQ™ assigned NANO with a Neutral CORE rating. Neutral identifies assets that have scored below average on the 10 CORE Categories but do not display any obvious critical deficiencies and/or nefarious and deceitful practices.
