First of all, I have to say that I'm a HUGE fan of Banano. I've used this cryptocurrency more than once in the past 3 months since I've discovered it, solely for the fact that transactions in this coin are instantaneous and feeless! Both of those qualities are highly sought after by literally all the cryptocurrencies out there. Banano proposed all the necessary framework for infinite scalability, yet remains one of those hidden gems, a diamond in the rough if you will.
But much more pulling than those qualities is the community that has formed around this coin. It's a homely and, quite frankly, engaging community that has formed over the past 3 years.
So, just what is Banano? and how did it achieve this capability of feeless and instantaneous transactions?
Glad you asked! Banano is a fork of another cryptocurrency, called Nano. It is a coin that seeks to dethrone Dogecoin as the de facto tipping currency used around the internet, especially Reddit by bringing forth an answer to the decade-old problem: How do we solve what Bitcoin and many countless others suffer from?
Enter the Block Lettuce!
The Block Lettuce, for the sake of simplicity, can be compared to the Block Chain Bitcoin currently operates on, except there are more than one chain present in Banano. Instead of being confined to one, constantly elongating chain of connected block, Banano operates on multiple chains. This change in configuration can enable efficient and proper distribution of power across all the chains, which results in feeless and instantaneous transactions within seconds!
I believe the advent of this cryptocurrency has finally solved what the myriad of other cryptocurrencies vehemently suffer from, which is regarding the scalability issues. And in doing so, Banano has finally satisfied the vision of the Bitcoin development team, and by extension, Satoshi Nakamoto.
It is only now that the hurdle this coin faces is the stigma of mass adoption, considering that this coin is premised on being 'meme-y' and not in a more serious aim, such as revolutionizing the scape of transactions. If only this coin were to be viewed in a more serious manner past it's short-sighted and kiddy appearance, then I believe that we can reap great benefits from it, and potentially hew out of it the much-needed solution to scalability.
Phew, that was a mouthful! Remember, you can be my referral over at FreeBitco.in! I'm going to distribute some of my funds back to my referrals as a generous thank you, so hurry up!
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