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RaiBlocks is a cryptocurrency with a low latency and strong throughput. It uses an analogy from the field of electrical engineering to compare network consensus to arbiters circuits. RaiBlocks now has a well-established and well-researched modeling foundation for how the method achieves a distributed, egalitarian, and effective result. Every account in the RaiBlocks framework has its own block chain that they manage, and all chains are distributed to all peers in the network, eliminating block cycles, mining, and transaction fees.
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Nano (NANO) was first released in 2015 under the name RaiBlocks (XRB), but was later renamed to its current name in early 2018. It introduces a novel method of transacting and monitoring values by providing each user with their own private blockchain or ‘account chain.’ The majority of the data is tracked and stored privately on these sidechains, with only the most critical elements being stored on the main blockchain. Because of this method, it can provide both free and instant transactions. For the majority of its post-ICO existence as the XRB coin, Nano’s value was virtually flat. This abruptly changed after the tokens’ value skyrocketed following the rebranding in early 2018, which also happened to correlate with the year’s overall crypto boom. As compared to most other digital currencies, NANO coins saw a much larger rise in value, but the price range eventually dropped down to a much lower level, though still elevated as compared to the price before the rebranding and 2018 crypto boom. It is also one of the top 40 cryptocurrencies in terms of total market capitalization. Nano is based on a simple sender/receiver validation scheme, with the pending transaction and the receiver’s confirmation or rejection being the only data stored on the underlying blockchain. This drastically decreases the demand on the underlying blockchain, allowing it to run much more smoothly.
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The cryptocurrency formerly known as Raiblocks has been renamed Nano. The purpose of this short work, according to the project team, perfectly characterizes the payment network, which is built for very quick transactions with no commission.
The cryptocurrency formerly known as Raiblocks has been renamed Nano. The purpose of this short work, according to the project team, perfectly characterizes the payment network, which is built for very quick transactions with no commission. The change in brand name, according to the developers, would have no impact on the network’s operation; the ticker symbol, meanwhile, will remain XRB. RaiBlocks was one of the first crypto currencies to use the Directional Acyclic Graph, with the original paper and first beta implementation released in December 2014. (DAG).
Other DAG crypto-currencies, such as DagCoin / Byteball and IOTA, arose quickly. These DAG-based crypto-currencies defied the blockchain’s form, resulting in improved device efficiency and protection. Weighted voting on competing transactions is how RaiBlocks achieves consensus. Although retaining a strong decentralized structure, this consensus system allows for quicker and more deterministic transactions.
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Hello, everybody. On the regular timeframe, most cryptos are forming an inverse head and shoulders pattern. I’m looking at NANOUSD right now, but I’ll probably do a similar study on a more common pair later. Please let me know if you have any suggestions.
On NANO, the graph speaks for itself. It has been one of the worst performers in 2018 and has been surrounded by volatility. Now, from a technical standpoint, this appears to be an intriguing trade. On several timeframes, the Stoch RSI is at the bottom, so this has to rise. To be safe, one should wait for a small confirmation of help…