Nano

A review for

Coins
NC
Partner at Castle Island Ventures and Co-creator of Coinmetrics Source
it is a DPoS coin that claims to have free transactions with no tradeoffs. It was heavily astroturfed on Reddit. I felt that its consensus mechanism might entirely fail, and that the considerable enthusiasm was contrived. Amazingly, January 1 was almost its precise all time high — its market cap on that day was an eye-watering $4.6 billion dollars.
In fact, the consensus mechanism for Raiblocks (rebranded to Nano) did not fail, but its major source of liquidity, the Bitgrail exchange, did get extremely hacked in February. This wasn’t a trivial hack, either — approximately $150m (at February prices) went missing. That was a mammoth 13% of the entire supply. Despite the immense setback, and a truly impressive price collapse, development appears to be ongoing.

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