Banano

Here's the fresh Banano Monthly Update May 2024 with all the news and updates from the 

BANANO: a Feeless, Instant, Rich in Potassium Cryptocurrency Powered by DAG Technology Disrupting the Meme Economy

Here's the fresh Banano Monthly Update May 2024 with all the news and updates from the $BAN   ecosphere in April 2024.  https://banano.cc/blog/banano-monthly-update-73-may-2024   Mirrors: https://medium.com/banano/banano-monthly-update-73-may-2024-83921419137d  https://coinmarketcap.com/community/articles/6636b34fe29abb5c06c361bf/  https://www.publish0x.com/banano/banano-monthly-update-73-may-2024-xoqykwl?a=QJ0dNjvdLO

Banano describes itself as a feeless, instant, rich in potassium cryptocurrency powered by [directed acyclic graph](https://coinmarketcap.com/alexandria/glossary/directed-acyclic-graph-dag) (DAG) technology that aims to disrupt the meme economy. Banano was a hard fork of Nano coin in 2018. The current team features members that had previously worked at Nano, and are represented by dancing banana avatars on the coin’s website. Banano’s key features include: the block-lettuce, a play on Block lattice, DAG architecture; instant and feeless transactions; fungible tokens; daily airdrops and more. Users that want to obtain Banano tokens must first create a wallet. They can then participate in [airdrops](https://coinmarketcap.com/alexandria/glossary/airdrop), Banano crypto [faucets](https://coinmarketcap.com/alexandria/glossary/faucet) and more. Banano’s website is community focused, with a section of community-created projects, announcements and updates from the team, and social engagement platforms such as Discord, Reddit and Telegram. Furthermore, the page is littered with memes, monkey and banana animations, and witty team member profiles and meme testimonials and FAQs. This is testament to the team’s mission of attracting “normies” or crypto newbies to cryptocurrency in a fun and meme-filled environment, before educating them the proper way.

To keep track of Banano prices live, download the [CoinMarketCap mobile app](https://coinmarketcap.com/mobile/) and check cryptocurrency prices on-the-go. To check Banano price now in the fiat currency of your choice, you can use CoinMarketCap’s converter feature directly on the [Banano price page](https://coinmarketcap.com/currencies/banano/).

Curious about the crypto space? Read our educational section — [Alexandria](https://coinmarketcap.com/alexandria/).

MetaMask

Binance Chain Wallet

BNB Smart Chain (BEP20)

PancakeSwap

Trust Wallet Token

BinaryX

SafePal

Venus LINK

Electra Protocol

Genopets

Sakai Vault

ColossusXT

Magic Square

MarsDAO

Landshare

Artyfact

Oxbull.tech

Pop Social

AgoDefi

Infinity Rocket Token

A.I.Earn

ZUZU

Billed as "digital money for the modern world," nano is a lightweight cryptocurrency that is designed to facilitate secure, practically instant payments, without fees, and addresses some of the major limitations of both legacy financial infrastructure, and many modern cryptocurrencies.

Development of the project began in 2014 under the name RaiBlocks, and the coin (then termed XRB) launched the following year through a public faucet, which allowed users to claim small amounts of XRB after completing a captcha challenge. Anyone with access to a computer or phone could solve captchas, and be rewarded with RaiBlocks. The number of XRB people received per solved captcha varied over time

RaiBlocks (XRB) was rebranded to Nano in January 2018, with the new name chosen to better represent the speed and simplicity the project offers to users.

It is a peer-to-peer platform that uses a unique block-lattice data structure to allow users to easily transfer value to one another without relying on centralized intermediaries.

Unlike other platforms which typically use the combined proof-of-work of a massive mining network to achieve consensus, nano instead uses a system known as Open Representative Voting (ORV) — which sees account holders vote for their chosen representative, who then work to confirm blocks of transactions securely.

ORV makes Nano extremely energy efficient, positioning it as a more environmentally friendly alternative to proof-of-work (POW)-based cryptocurrencies.

In November, 2021, aiming to bring nano to the real world and to comply with the globally-recognized standards of the International Organisation for Standardisation (ISO) requirements, nano adopted a new ticker and a standard symbol: XNO and Ӿ.

Nano

BitKan

SmartCash

Graviocoin

QuadrantProtocol

Litecoin Cash

X-CASH

Nimiq is designed to make cryptocurrencies easy to use for everyone without compromising decentralization. Nimiq is the only blockchain where users always participate directly by default. In comparison to the likes of Bitcoin and Ethereum where the default is to use a third-party node to connect to the network. Learn more: https://youtu.be/dA40oyDVtqs

Team Nimiq invented Nimiq OASIS, the DeFi crypto-fiat bridge! Atomic swaps between crypto like NIM and BTC (ETH coming soon) and fiat currencies like EUR (USD next) with no personal information are now possible. Earned swap fees are converted to NIM and held to create scarcity. See how it works: https://youtu.be/Spp_Be4dHaM

Nimiq created Albatross, a new, super fast Proof-of-Stake consensus algorithm that will launch with Nimiq 2.0, the next version of the Nimiq Blockchain. We expect ~1000 TPS and finality in one second, pushing Nimiq 2.0 to the theoretical limits of single chain blockchain protocols. Energy consumption will also be reduced to less than 1% (compared to current Nimiq POW) with this upgrade. Try out the demo: https://www.nimiq.com/albatross/

Nimiq’s “super-halving” coming soon! The transition to Nimiq 2.0 will reduce the emission rate from currently ~3000 NIM to only ~525 NIM per minute. Calculate your rewards using the Staking Calculator: https://www.nimiq.com/staking-calculator/

Join the friendly Nimiq Community to ask questions and learn more: https://www.nimiq.com/community/

Nimiq

ThunderCore

BytomDAO

MixMarvel

Vite has built a Directed Acyclic Graph (DAG) based smart-contract platform, with a Snapshot Chain structure to facilitate zero-fee transactions and optimize transaction speed, reliability, and security. The Snapshot Chain of Vite utilizes Hierarchical Delegated Proof of Stake (“HDPoS”) to achieve network consensus, while supernodes take only staking rewards and no transaction fees. Vite virtual machine maintains compatibility with EVM, and utilizes asynchronous smart contract language, Solidity++.

The VITE token is the currency for simple token transactions and smart-contract executions on the Vite network, with users staking VITE for transaction quota instead of consuming gas. VITE can also be used to vote for Snapshot Block Producers (aka supernodes). In addition, a VITE staker with unused transaction quota can lease such quota to dApps in exchange for their tokens. For instance, users can stake VITE in exchange of ViteX’s native decentralized exchange token, VX.

Vite’s current products include a decentralized exchange (ViteX), a multi-purpose wallet application (Vite App), payments (VitePay), and government/enterprise blockchain applications (VitePlus):

ViteX is a decentralized exchange with on-chain orderbook and matching engine, and supports currently 20+ digital assets.

Vite App is a mobile application that allows trading (ViteX), asset management (wallet), dapps (e.g Vite-based games) in one place.

VitePay is a fast and feeless payment solution, currently available to use in Singapore’s Ce La Vi Sky Bar and taxi services under the Midwest Global network - Users can pay for merchants with Vite wallet, who in turn receive payment with zero fees with near-instant settlement. VitePay is also integrated with the e-commerce platform OpenCart, and one can utilize VitePay at the official Vite store.

VitePlus is a Vite-based enterprise blockchain solution for governments and enterprises. Vite has developed a pilot app, SyraCoin, for the Syracuse government, allowing city housing fund donors to receive blockchain-based coupons that are redeemable for goods and services within city bounds.

VITE

Validity

Ignis

Tachyon Protocol

Carbon Protocol

Humaniq

Peercoin, also known as PPC or Peer-to-Peer Coin, was created by Sunny King and his team and launched in August 2012. It is the first blockchain to implement Proof-of-Stake consensus.

The primary inspiration behind the creation of Peercoin was to address a number of perceived shortcomings of Bitcoin, including energy efficiency, security and sustainability, decentralization and long-term viability.

Essentially it was designed as an enhanced replacement for Bitcoin. As such, it was originally forked from Bitcoin and uses the same UTXO style blockchain. However, Peercoin's code was modified to introduce Proof-of-Stake as its primary consensus protocol. The next section explains how this makes for a better blockchain.

Given that Peercoin uses most of the same code, it can easily port new features from Bitcoin and utilize any of the supporting infrastructure, including tech advancements like Taproot or Lightning Network. Peercoin is the only Proof-of-Stake blockchain that uses modern Bitcoin code, making it the perfect drop-in replacement.

Peercoin also has a dedicated community, is actively developed, fairly distributed, has low barriers of participation, can do everything that Bitcoin does, minus the 13 TWh of energy usage, and it's not a scam.