What is the current price of NANO (XNO)?

The current price of NANO (XNO) is 1.25339646289 AUD, representing a -4.09 from the day prior.

Can I buy NANO (XNO) on Coinstash?

Yes - you can easily buy and sell NANO (XNO) on Coinstash. Simply login or sign up, to start buying NANO (XNO) in minutes.

Where is the best place to buy NANO (XNO) in Australia?

The best place to buy NANO (XNO) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell NANO (XNO) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.

What is the daily trading volume of NANO (XNO)?

The trading volume of NANO (XNO) is 10.6M AUD in the last 24hrs, representing a -4.09 from the day prior.

How can I buy NANO (XNO)?

NANO (XNO) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.

What is the market cap of NANO (XNO)?

The current market cap of NANO (XNO) is 166.5M AUD.

Can I convert NANO (XNO) to cash?

Yes - With Coinstash you can convert your NANO (XNO) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.

How many NANO (XNO) are there?

The current circulating supply of NANO (XNO) is 133.2M.

Is Coinstash a safe place to buy NANO (XNO) in Australia?

Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling NANO (XNO) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices here.

Buy NANO (XNO)

What is Nano?

Nano is a decentralised, peer-to-peer cryptocurrency system designed for fast and feeless transactions. It utilises a unique block-lattice data structure and Open Representative Voting (ORV) consensus mechanism, making it energy-efficient and scalable. Initially launched as RaiBlocks in 2015, it was rebranded to Nano in 2018 to better reflect its emphasis on simplicity and utility in facilitating quick, low-cost payments.

How does Nano work?

Nano operates using a block-lattice architecture, where each account has its own blockchain, termed an "account-chain". This allows for parallel transactions and rapid block confirmations. The network employs an Open Representative Voting (ORV) consensus mechanism, where users vote for representatives to validate transactions. This system is highly energy-efficient compared to traditional Proof of Work (PoW) models, making Nano an environmentally friendly option. A small amount of PoW is used as a spam-prevention measure when a transaction is made.

What are the potential use cases for Nano?

Nano's fast and feeless transactions make it suitable for various applications including:

Microtransactions: Ideal for small payments and tipping, given the absence of transaction fees.
Remittances: Facilitates quick, cost-effective transfers across borders.
E-commerce: Supports fast merchant payments without processing delays or costs.
Peer-to-peer payments: Allows smooth and immediate transfers between individuals.

Additionally, Nano is integrated with several platforms for purchasing goods and services, from buying airline tickets to vehicle purchases, enhancing its practicality in everyday financial transactions.

What is the history of Nano?

Nano, originally named RaiBlocks, was created by Colin LeMahieu in 2015, with initial coin distribution happening through a Captcha-based faucet. In 2018, RaiBlocks was rebranded to Nano to better align with its mission of being a fast and feeless digital currency. The ticker symbol was updated from XRB to XNO in 2021. Significant events in its timeline include the BitGrail hack in 2018, which led to serious discussions about network security and resynchronization, and its ongoing technological evolution, marked by enhancements in its block-lattice structure and consensus mechanisms. Nano continues to build partnerships and integrations, increasing its adoption and utility in real-world scenarios.