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CoinGate integrates Nano
In an interesting development, CoinGate, the main payment gateway for blockchain payments announced on Thursday dwarf has been integrated as the most recent native cryptocurrency. According to the blog, anyone who owns Nano can now buy from over 4,000 merchants who use our payment gateway.
"Nano is a global cryptocurrency developed purely for the purpose of making peer-to-peer payments.As we like Bitcoin and Litecoin, this cryptocurrency It addresses many of the problems faced by the major cryptocurrencies, "reads the blog.
The differentiating factors that make Nano unique are:
- High scalability: Nano is highly scalable and uses a block-lattice architecture that gives it an edge over others. Distributes the ledger on each node, so each account has its own blockchain.
- No extraction: unlike the Bitcoin blockchain, mining is obsolete when it comes to Nano. Instead of being extracted, Nano was initially distributed with the CAPTCHA test in order to make the distribution as fair as possible.
- No tariffs and extremely fast: in the last three years, the network has processed a large number of transactions and yet the size of the ledger remains about 8 GB. The average energy cost of the Nano blockchain transaction is about $ 0.005.
- Proof of delegated effect: Nano uses a form of consent Proof of Stake (dPoS) delegated to resolve malicious events on the network. Security is guaranteed by active nodes that automatically perform the vote for the first transaction that appears on the network in the event of a conflict.
All these features make everything more efficient and add to the potential to become a preferred mode for micropayments and also provides a way to solve the current inefficiencies found in other cryptocurrencies.
Cryptocurrency is still in its nascent phase and many traders are still skeptical to accept it as a method of payment. But Nano offers them a feasible, easy, efficient and safe alternative.
At the beginning of this month, the company based in Lithuania announced that it has partnered with Changelly and will offer an exclusive opportunity to exchange in fixed-rate service, which, in effect, counteracts the risk of market volatility.
See also: CoinGate Changelly members promote the mass adoption of cryptocurrencies
CoinGate simplifies receipt of customer payments in Binance Coin (BNB)
Image via Shutterstock
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