Nano
$0.81766 -1.35%
NANO · 18w

Token Concentration and Network Security

In BTC, token concentration doesn't have higher implications. Consensus is tied to computing power only. On NANO, however, the ammount of tokens one posses has direct influence over network consensus. The top 100 wallets on BTC hold 19% of the supply, **while on NANO, it is a whopping 62%**. Token distribution is directly related to NANO's quality. The best way to increase decentralization and security, in this sense, would be to distribute voting power (tokens) over its members. This can happen by exchanging NANO for goods (such level of adoption is still far away) or by simply donating NANO - but since its money, I imagine hardly anyone will ever do it. However, the more decentralized we are, the more secure and reliable the network gets, and more value is attracted. Thus, by having less tokens per individual, each token would be more valuable. What would be a sweet spot, I wonder?? Would Core, for example, be willing to do a token distribution in the name of decentralization? It would only boost the intended fundamentals of the network and help it achieve its intended goal. Once more people need to get involved and tokens get pulverized, a collusion to hinder the network gets way more difficult Today, a group of less than 100 people can orchestrate a network breakdown. NANO incentives holders to act honestly in order to protect their investment, but most of the whales have invested nothing (but time to complete captchas or deploy bots to do it) to be in that position - tokens were freely distributed. There is improbable but possible scenario where network guardians (whales) collude to break the network. An actor who wants to kill NANO for whatever stupid reason would need to (i) accumulate / buy the highest ammount of tokens available in the markets, and, assuming he is unable to obtain 51%+ -> +(ii) convince holders who posses the missing ammount to collude - at the promise of higher profits. Bear in mind that I believe in the potential of the tech and I'...
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Nano is coming to COBINHOOD

⚡️New Token Listing!⚡️Nano ( $NANO ) will be listed on COBINHOOD Exchange on December 14! Deposit and withdrawal functions for NANO-BTC will be available upon listing. Read more: https://t.co/L8bJZeaa...
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Nano Will Be Live On December 14, 2018

COBINHOOD helps you maximize returns on your cryptocurrency investment. 0% trading fees without any conditions. Join COBINHOOD and sign up now!
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A short trailer for version 1.5 of NanoQuake by the Nano Center. For information on how to play, join the Nano Center Discord server at https://discord.gg/uW...
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Weekly Nano Update: 12/10/2018

The second release candidate for the Boulton version of the Nano node software was released this past Saturday and is currently undergoing testing on the beta network. There are still a few issues…