/biz/ - Business & Finance

And don't even get me started about how it is a literal prerequisite for intergrated m2m systems to utilize a cryptocurrency that is instant. It being free to send also allows transactions to be parsed in a network to pay for content that otherwise would be valued at less than a penny. Consider a marketplace for thought that an AI has to pay microcents for per function. No other cryptocurrency could be used for this.

>>15933220
You seem like a reasonable anon, so let me speak to you, anon to anon. Look more into Nano. Seriously.

PoW cryptocurrencies like BTC and ETH will head towards centralization due to mining and cheaper electricity costs in certain countries. Whoever has the monopoly on cheap electricity, will have the monopoly on PoW coins. It is currently looking like China. Needless to say, this is not a good thing. Also, the blockchain gets exponentially larger as time goes on. It may very well likely reach a point where mining costs more than what is produced. We know what will happen then.

Conversely, Nano is built on the idea of sending as little data as possible per transaction. No smart contracts are in the protocol nor ever will be, and every piece of data that isn't necessary for consensus is stripped. This will massively keep the ledger at a much smaller size and allow cheap nodes to still support the network. It is estimated that if the ledger was massively bloated, say if Nano reached worldwide adoption, that yes higher processing power will be needed, but it will still be within reach for many, and not near as resource intensive or costly as mining farms. Just an upgraded server from $5.00 to $20-$50, depending on the tps and ledger size. Currently, a $5.00 a month server does the job fine, still being able to confirm within 2 seconds. These nodes are able to serve over 100 tps currently before being knocked offline, while anything higher, while anything higher than 1-2 GB was fine at this amount with no downtime.


I am a big fan of BTC, and I am excited for ETH 2.0 and future models to come out, as the idea of immutable content on the internet just makes me cream. But I really think Nano is going to be the one that really revolutionizes things and makes ideas like smart cities feasible. It certainly has the greatest chance to successfully scale of the three, and stays true to the Satoshi model.

I hope this post benefits you.