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The Man at the Wheel - Q&A with Colin LeMahieu



About this video

In this video, Colin LeMahieu, creator of Nano and Founder and CEO of the Nano Foundation, answers the many questions investors and partners have about Nano. A very informative Q & A session.

Some of the topics discussed in this Q & A session were about Nano's white-paper and its updates; How the foundation is using the developer fund, and how are they converting Nano to Fiat; The new features that will be added to Nano; and much more interesting questions throughout the video.

Did you Know?

Nano uses Proof of Work

Nano was built to be feeless (as in, when you send 1 NANO, the receiver receives 1 NANO and not 0.99999 NANO), and also instantaneous (as in, when you send Nano, it takes less than 1 second to reach the receiver). Because of this, Nano could be prone to Spam Attacks, where users with bad intentions could abuse the feeless and instant properties of the network to send thousands or millions of transactions in short spans of time, with the objective of affecting the nodes that run the network.

To prevent that, Nano achieved a solution, to use a small Proof of Work (PoW) associated with each block. In most cases, this PoW takes less than a second to generate. Which makes sending transactions still almost instantaneous for normal users, but makes users with bad intentions waste a lot of resources and time in order to try and spam the network.
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Watch & Learn - Nano Currency

We have selected 10 random videos along with some very interesting facts about the Nano Currency for you. So that you can learn about this new amazing currency (or cryptocurrency).

But first, let's just make a quick introduction to Nano:

What is Nano?

Nano is a cryptocurrency, alternative to Bitcoin and other cryptocurrencies. As a cryptocurrency, Nano is a decentralized network of nodes that allow the execution of peer-to-peer (P2P) transactions between any two individuals, without the need of third-parties or authorities, like banks. Imagine digital coins and banknotes, that you can send digitally to anyone in the world, without the need of a bank or any third party service, as if you were delivering these coins in hand to the other recipient. The network is also cryptographically secure, which, simply put, means that no one can hack the network, or steal your money.

How can I use Nano?

To use Nano, you must have a wallet, that is composed of a private key, or seed, and a public address. There are many ways in which you can create a wallet. By creating an account at PlayNANO, a wallet (or address) will be generated for you. You can use that wallet to receive Nano and to send Nano to anyone you want, you'll just have to put their wallet address in the destination address, and the amount you want to send. PlayNANO connects to the Nano network and sends the transaction for you.

Learn More

To learn more about Nano, start watching our selection of videos, which explain in more detail what is Nano, and what you can do with Nano.

Each video is accompanied by quick topics and facts about the Nano Currency so that you learn everything there is to know about Nano. So, what are you waiting for?

Start learning right now!



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