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Nano

On Sunday morning, May 20, the founder of Nano announced on its Twitter profile the launch of Nano Universal Block Canary.

In addition to the announcement that has enjoyed many users, it seems that the newly launched platform has had to deal with technical problems, reported several Reddit users.

Nano, a decentralized cryptocurrency, was launched in 2015 by Colin LeMahieu. While the standard platform offers zero-commission transactions, the Universal Block Canary aims to provide faster and more scalable transactions on the NANO network. The renewal of the system consisted of introducing the blocks into a common one, called “the universal block type“.

The implementation of universal blocks also signals the release of official and final version mobile and desktop wallets, along with Nano Ledger hardware integration, both happening sometime in the near future. Once these are completed, the devs will finally start their marketing push, and I’m confident they have some interesting plans for adoption,” reported a Reddit user.

I agree that Nano is the best cash replacement, but this article errs in over-criticizing BTC. For example very few sites use 6 confirmations, 3 being the norm. The LN is already running and matches Nano in speed and scalability – but not in simplicity, feelessness or the elimination of miners (environmental impact and centralization threat). We want to persuade Bitcoiners with valid arguments, not irritate them with bad ones,” commented another Reddit user.

Since the announcement was made, numerous users have encountered technical problems on Binance. It seems that their funds have been blocked on the way to reach the Binance deposit, the world’s largest crypto exchange. Of course, many of those who had difficulty making transactions have blamed the Canary Block. The Binance team didn’t comment on what happened.

Here are some complaints:

I deposited NANO to my Binance wallet about 2 hours ago, but it hasn’t yet appeared. What gives? Transaction shows fully broadcast and confirmed on Nanode,“ reported a Reddit user.

The deposit might not be working because of the 2nd canary block release this morning? It will probably be fine with a day. Not sure if binance needs to update their node,” claimed another Reddit user.

According to CoinMarketCap, at the time of writing, Nano (NANO) was trading at $ 5.71, having a market capitalization of $ 760,674,509, with an increase of 2.55% in the past 24 hours.

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