On 18th August, it was informed to users that Nano, the cryptocurrency, had achieved a maximum transaction per second [TPS] rate of 750 blocks per second, a record high for the cryptocurrency. The company also announced that they could maintain an average sustained rate of 75 TPS for over 30 minutes. The official handle of the cryptocurrency announced:
“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”
Users of the cryptocurrency were very impressed by the development as made evident by the sheer number of positive comments on the announcement.
The Nano Seagull, a crypto enthusiast commented:
“Mighty impressive stuff!
The transaction speed development also goes hand in hand with NANO’s addition to the Bitcoin Superstore, the world’s only cryptocurrency store. The Bitcoin Superstore houses almost all retail stores worldwide, including stores like Amazon, Alibaba, and John Lewis. Customers can pay for their purchases through cryptocurrencies which reports suggest could usher in a path to mass adoption.
Currently, the store accepts Bitcoin [BTC], Bitcoin Cash [BCH], Dash, Ethereum [ETH], Litecoin [LTC], Nano [NANO], TRON [TRX], and XRP. The upgrades in the cryptocurrency network have seen a direct positive correlation in its price with the token seeing a 43% hike in value. According to reports, this has been a recurring pattern this week, with altcoins showing a sudden bullish rise in this bearish market.
The end of the week saw a marked difference in the cryptocurrency market with altcoin prices varying drastically, surprising investors as well as enthusiasts. According to CoinMarketCap, the biggest gainer during the midweek August window was VeChain, Ontology, and Lisk. Reports suggest that the surge in price is a stark contrast in the bearish market, where the prices have been on the downflow for the past one week.
The recent strides made by Nano has seen the cryptocurrency get a notice to be listed on the London Block Exchange [LBX]. The partnership would mean the first Nano and British Pound [GBP] pairing, a stark contrast to the pound’s rigid behavior. Furthermore, Nano and the exchange platform have decided to launch a cryptocurrency hunt in order to celebrate the collaboration.
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