Nano Research Hub | XNO information, history and analysis

XNO is a utility token of the Nano network, a cryptocurrency that aims to become a circulating currency to replace traditional fiat currencies.

Nano Token (XNO) is a lightweight cryptocurrency designed to support secure payments, instant transactions, no fees and overcome some of the critical limitations of both traditional financial infrastructures and cryptocurrency infrastructures. Nano Token was born with the same initial goal as Bitcoin: to become a currency that replaces conventional fiat currencies and can be used every day.

Nano Network was founded in October 2015 by Colin LeMahieu, an engineer and software developer with many years of experience working at leading technology companies such as Dell, AMD, and Qualcomm, and his team of leading experts in the field of blockchain.

XNO solves essential problems of the Bitcoin network:

• Scalability issues lead to an increase in transaction fees on the Bitcoin network.
• Computational problems lengthen transaction times.
• The growth of energy consumption for Bitcoin mining severely affects the environment.

Nano Token (XNO) is equipped with features for common payment purposes in life:

• Peer-to-Peer payment: Use XNO to pay for everyday consumer services: pay rent, electricity, and water bills, taxi fares.
• Micropayment: Use XNO to pay for small value assets.
• Business to Customer: Use XNO as a means of payment between businesses and customers.