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- CoinGate has just announced its integration with Nano Payments
- The payment gateway sees this move as a way to help both customers and merchants looking for a reliable cryptographic payment infrastructure
- Nano offers many advantages, making it an ideal option for CoinGate
CoinGate has just announced the integration with Nano Payments as the most recent native cryptocurrency.
CoinGate is a payment gateway for blockchain payments. Since 2014 they provide reliable payment infrastructures to meet the needs of customers and traders. Cryptocurrency owners can use the payment gateway and use their coins to purchase goods or services. Traders can also use the benefits of blockchain if they aim to grow their businesses.
How much dwarf, is a low-latency payment platform that requires only minimal resources to operate. They are known for providing instant transactions and offering users a currency they can use every day for large or small purchases.
In a statement they said that anyone with Nano can now shop at over 4,000 merchants who use their payment gateway. They said:
"Nano is a global cryptocurrency developed exclusively for the purpose of making peer-to-peer payments.As we like Bitcoin and Litecoin, this cryptocurrency addresses many of the problems facing major cryptocurrencies."
CoinGate has characterized traders to help users easily start spending Nano. Their merchants include MMOGA, ThunderPick, CoolWallet, BitLaunch, Patchion or donate to LibreOffice.
While some encrypted merchants are not yet aware dwarf, CoinGate has still chosen the payment platform for its undeniable capabilities:
Highly scalable – The initial design of Nano allows it to be scalable to infinity. Uses a block-lattice architecture, making it a better choice for transaction throughput. Nano also distributes the ledger on each node, so each account comes with its blockchain. These individual accounts independently track their transactions and the accounting balances of the public ledger. This solves the problem of the size of the block with which Bitcoin is currently fighting. Despite infinite scalability, the time or cost of transactions will not increase.
Miners rendered obsolete – Unlike Bitcoin, Nano avoids miners. Because each user can verify their transactions with the use of their computing power, it is not necessary to use mining. Instead, Nano was initially distributed through the taps with the use of the CAPTCHA tests, making the distribution fair. Now, there is a fixed quantity of 133,248,289 NANO in circulation, and it is actively exchanged through different exchanges.
Instant transactions – Transactions take place immediately, due to the asynchronous nature of the lattice block data structure. This allows users to use it every day to make purchases large or small. Although the Nano network has already processed millions of transactions, it remains light. In fact, its size of the ledger is about 8 GB.
These are just some of the reasons why CoinGate has integrated Nano payments. They see Nano as a payment platform that has the potential to solve the inefficiencies that users experience with other cryptocurrencies.
