Digital money shouldn't cost the Earth
Nano was created to perform efficiently without the need for mining, an energy-intensive mechanism to process transactions. Instead, nano uses an innovative voting system where no mining is required.
This efficient mechanism allows the nano network to use magnitudes less energy than other digital currencies, providing the world with an environmentally-friendly, and sustainable currency for a greener future.
Less Data Storage & Faster Transactions
The nano network has a tiny infrastructure footprint. Currently just a few hundred machines are needed to power the network.
The energy usage of a single nano transaction has been calculated as low as 0.111Wh.
Supported by Kindness
Anyone saving money with nano's feeless transactions is incentivised to help keep the network safe by supporting representatives or running one themselves.
We’re only two months in, and it’s safe to say 2021 has seen the global economy flipped on its head. Reddit traders are duelling with institutional investors, Jeff Bezos has stepped down as CEO of Amazon, Tesla has revealed plans to accept Bitcoin, and once again “cryptocurrency” continues to reign as the buzzword of the year.
My aim in writing this article is to convince you that even if you do not care about cryptocurrency, you should care about Nano. Because while you might not be part of the crypto world, crypto is part of our collective world, and the environmental impact Bitcoin has is not something to be ignored.
NANO (NANO), unlike many cryptocurrencies, doesn’t rely on an energy-intensive mining, minting, or printing process. The coins, previously called RaiBlocks, were initially distributed via an online faucet, wherein everyday people could solve CAPTCHA ("I am not a robot") puzzles in exchange for coins.