Bitcoin broke through 40,000 US dollars overnight, with a market value of 731 billion US dollars, surpassing the top 10 US stock market value Berkshire, Ali and TSMC, ranking eighth!

However, there is a cryptocurrency that has performed even better, and it has risen three times this year. It is NANO, which once skyrocketed 3823 times.

NANO, formerly known as RaiBlocks XRB, is not a blockchain application, but a gadget that a programmer spent more than two years working on when he was home from get off work. It is a new type of cryptocurrency based on the block lattice structure, dedicated to global payments.

Founder Colin LeMahieu said,

“I first stumbled across Bitcoin in 2010 and immediately saw the potential for decentralization. After four years of following Bitcoin and researching its potential, I became concerned about its flaws: scalability, transfer times, and high cost.

Realizing that these issues might hinder its use as an everyday currency, in 2014 I set out to design a payment system to address these performance issues. "

NANO is indeed a magical currency, the execution speed is so fast that the transaction is confirmed almost instantly. At that time, the highest speed was Ripple, with TPS (TPS: transaction per second, representing the number of transactions executed per second) as high as 1500, while NANO was 7000, which was a complete rhythm.

"We are three times faster than Ripple," Colin said.

Compared with Ripple, which is very slow and too centralized, NANO is more decentralized and has no handling fees.

In the big bull market in 2017, NANO became a well-deserved star, and its price rose from 0.009 to $34.42, a full 3823 times increase. The peak market value is 4.5 billion US dollars, ranking among the top 20 cryptocurrencies.

Good luck and bad luck, NANO not only attracted the attention of the public, but also attracted the interest of hackers.

In February 2018, hackers attacked BitGrail, a small exchange listed by NANO, and stole 17 million coins (worth $170 million).

Then the exchange and the team entered the stage of wrangling, and the lawsuits continued. As a result, the tokens continued to plummet in the bear market environment, and they did not recover until 2019. The lowest was 0.356 US dollars, depreciating 99% from the high point.

From a dazzling star to a dead fish that no one pays attention to.

The media is also forgetful, with very little coverage of NANO in 2020.

However, NANO is currently listed on mainstream exchanges, with a 24-hour transaction volume as high as 516 million U.S. dollars. Salted fish has turned around. The highest price rose to 4.8 US dollars, an increase of more than 3 times this year, and a rebound of 12 times from the previous lowest point.

From the available information, the main information of NANO is as follows:

1. The total amount is 133 million pieces, all of which have been circulated;

2. It is a truly decentralized currency, and no individual or even the Nano team can own more than half of the supply;

3. It is open source, anyone can copy the technology, use it or contribute to the project at any time;

4. The block lattice adopts DAG technology;

5. The founder regards Nano as a large-scale, global network for value transfer, and each development progress brings Nano closer to the vision of "the most efficient currency";

6. Official website: Nano.org

7. White paper:http://nano.org/en/whitepaper

The last thing to mention is that the NANO team stated in 2019 that the developer fund can only support about 15-20 months, and the mainstream media has not seen further financing information.

However, SoftBank-backed Wirex sees Nano as the most promising cryptocurrency, along with Bitcoin and Ethereum.

"...the next generation of cryptocurrency with great potential, Nano can provide far superior functions than traditional blockchains, allowing individuals and communities to interact with the global economy in a more equal environment. Transfers are fast and cost-effective It can be expanded to a great extent.”

Regardless of NANO, in this round of big bull market, many salted fish that once rolled in the mud pond have shown new vitality.

For example, DNT rose from 0.003 to 0.19 US dollars, a 62-fold increase; CVC rose from 0.03 to 0.2 US dollars, a 6-fold increase.

What the three have in common is that there was a bright moment in the great bull market in 2017, a 99% depreciation in the 2018-19 bear market, and then rejuvenation in this round of bull market.

Is it the "dead cat jumping" market, or the spring when a hundred flowers bloom?

Recently, many people have been thinking that EOS, which lost 10 million US dollars in fat houses, has risen.

For many investors who like to bet on low-priced coins, take a gamble, and bet on a salted fish to turn over, if they accidentally bet on one, they will make money.

Let's wait and see.