Nano cryptocurrency increases its scalability with a new feature of 750 transactions per seconds TPS. The new feature was made known through its official Twitter handle on the 18th of August. The new height of transaction per second is the zenith the crypto has reached, and it will lead to growth in its acceptance and its usage.
Nano Achieve More Speed, As More Acceptance is Expected
On the 18th of August, Nano cryptocurrency rated among the top 50 cryptocurrencies in the ecosystem announced a grand achievement of reaching 750 transactions per second. The announcement was made via its Twitter handle stating:
“A big THANK YOU to everyone who participated in the beta network stress test. Users reported an average sustained TPS of 75 over 30 minutes with a reported peak of 756 blocks/second. Want to find out more? Join the conversation at https://bit.ly/2PeEA17$Nano #v15isComing.”
The new achievement which is the highest the cryptocurrency has achieved thus far is expected to aid its full adoption and also increase its scalability, by entertaining more transactions than before.
About Nano Cryptocurrency And Recent Growth
Nano cryptocurrency was Launched in 2015 by Colin LeMahieu as RaiBlocks. Its blockchain is a low-latency payment platform that requires minimal resources; making Nano ideal for peer-to-peer transactions.
With Nano, Each account has their blockchain that aids users to provide the computational power for the verification of their transactions. It also has wallets pre-cache, the anti-spam Proof-of-Work that makes transaction happens instantly and at no cost to the user.
The cryptocurrency was listed on the London Block Exchange [LBX] on the 7th of August which made the cryptocurrency tradable against the British Pound [GBP].
Nano got listed on the Bitcoin superstore recently, a feature that makes the cryptocurrency acceptable on platforms that are affiliated with the store. This caused it to experience a 43% hike in value last week along with some other cryptocurrencies.
The new scalability feature that aids it to conduct 750 transactions per seconds makes it far better than the top cryptocurrencies such as Bitcoin and Ethereum for performing transactions.