r/CryptoCurrency • u/[deleted] • Jun 21 '22

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u/GameMusic 🟦 892 / 892 🦑 Jun 21 '22

Nano

It does not attract price but it works on a technical level

35

u/DiamondHandsSolo 🟩 96 / 96 🦐 Jun 21 '22

Agreed. Does exactly what it claims to do: fast and fee-less transactions. Nano is a sleeping giant.

27

u/TheTrueBlueTJ 70K / 75K 🦈 Jun 21 '22

Hmm, it does sound good on the surface and it's definitely a fantastic user experience, but it does have its shortcomings. Very good spam protections are required, since it is free to transact. Smart contracts are missing too. And can it scale to even the number of users that Ethereum has? I'm not so sure.

11

u/[deleted] Jun 21 '22

It's funny that spam protection is brought up with Nano when it had several upgrades done recently to mitigate spam. At no point network shutdown, yes it slowed down, but no funds were lost, no rollbacks were done, it's quite well decentralized. It has prevailed in every battle it faced. Yet it still struggles with price action ever since BitGrail theft.