Nano (XNO) wallet

What is Nano?

Nano, formerly known as RaiBlocks (XRB), is a virtual currency plot that provides fast transactions, zero-fee charges, and a high level of adaptability. Nano aims to fix inefficiencies residing in existing cryptocurrencies. It is the only cryptocurrency that employs its technology called the block-lattice architecture. Every user is assigned their blockchain, which is known as account-chain. The technology records account balances, unlike other blockchain technology, which tracks all transaction amounts.

Nano Features

With Solidus launch node, the network’s latest upgrade in July 4019, the Nano platform acquired some refreshing key features like Confirmation height, Dynamic PoW & Prioritization, and live traffic support on TCP. It makes the network more trustworthy, secure, and user-friendly to integrate.

Confirmation height

It is a fantastic feature included in the latest upgrade of the Nano blockchain. It helps to make the network more secure, efficient, and convenient while laying down the foundation for a host of new features. As this height is set in V19, it has already been providing confirmation history, allowing the cementing of blocks in the ledger, and is used to reduce elections. These changes make the network lower the traffic and enable easier ways to integrate multiple services with Nano.

Dynamic PoW & Prioritization

The PoW bounding algorithm was designed to prevent low difficulty transactions during high volume from filling up the active transaction containers that could, in turn, increase the load of rework required by others publishing transactions.

Live traffic support on TCP

All versions of the Nano node have communicated live network traffic over the UDP, Universal Datagram Protocol. It uses an Ethernet board as a physical layer, and each UDP packet contains bytes provided by an application layer. With the help of UDP, users can transfer data using the protocol from a real-time application, which is executed on the target computer. The reason UDP is fast is that it doesn’t require an acknowledgment that the data was received. You’re literally blasting packets into the void and hoping they get picked up. There are few advantages to using UDP, for example, it doesn’t demand confirmation of receipt, but this drags along the drawback like lost traffic resulting in wasted bandwidth. So as the UDP milestones had been reached, the Nano developers have begun focusing on rewriting the network to use TCP, Transmission Control Protocol. It was supposed to make Nano reach ledger pruning, reduce the network traffic, and improve the reliability of the Nano platform. With Solidus, the Nano node is being converted to participate in the live network utilizing TCP, which, apart from all the pros, is also more widely accepted across various types of networks. This allows easier integrations, lowers resource usage, and opens up more efficient peering across the network.

What is Nano Wallet

Nano wallet is a digital wallet for storing NANO Coin. There are different kinds of cryptocurrency wallets available as on web, applications and, hot and cold wallets. A cryptocurrency wallet is a software program that generally stores private and public keys and interacts with various blockchain networks to enable users to send, receive digital currency, and monitor their balance. If you want to use any cryptocurrency, you will need to have a digital wallet. For example, Atomic Wallet. It’s a multicurrency decentralized wallet, which supports more than 400 cryptocurrencies: NANO, Bitcoin, Ethereum, Ripple, Litecoin, and many more. Atomic Wallet provides high-level security and user-friendly interface to store, buy, exchange, and manage NANO Coin.

Nano Wallet Security

The hype around cryptocurrencies had activated more hackers than ever before, looking for opportunities to play their trump on gullible users’ funds. Atomic Wallet, being compatible with Nano, allows all your funds to be encrypted within triple layer technology only on your device, which makes money safe and secure. This is just like you open the safe with code; only then you get access to your funds using your seed phrase or password.

Where to keep Nano?

With many digital wallets available on the web with a promise of high-level security, it’s confusing which one to trust? Atomic Wallet is one of the recommended and thoroughly tested wallets by the market expertise. It’s a simple interface offering you a fast and convenient way to store, manage, buy, and swap various cryptocurrencies, including NANO Coin. Its prominent advantage is the non-custody and decentralization features. The wallet doesn’t require either ID proof or any of the personal data details to complete the setup process or to use it afterward. The wallet allows you to retain control of your private and public keys that are generated by a mnemonic phrase. The mnemonic is protected by the password you set. The mnemonic is your backup phrase, so it’s vital to keep it safe and not to share it with anyone.

How does Atomic Wallet Work?

Atomic Wallet is a digital multicurrency decentralized wallet, which provides security and anonymity to you. This means you hold your keys that are encrypted and kept only on your device. Only you control your funds and can efficiently swap tokens without any need to go through a centralized swap process.

The digital wallet can be downloaded onto your computer and mobile. The wallet is compatible with most of the operating systems like Windows, macOS, Ubuntu, Debian, Fedora, Android, and iOS.

Read the full complete guide here.