Nano is a Much Better Option for Banks Than XRP. Colin LeMahieu Explains Why

Although Ripple Labs has managed to consolidate its blockchain as the one preferred by cross-border banking and money transfer services, not everyone within the ecosystem believes that it is the best option to fulfill what it offers. Colin LeMahieu, the creator of Nano, fits perfectly into this group, as he has stated that his blockchain can meet the same objectives of Ripple more safely, faster and cost-efficiently.

In a test conducted in October, Nano was shown to be able to confirm a transaction in just under 3 seconds. This speed is 1/3 of the time it takes for an operation to take place in Ripple’s blockchain and is half of what it takes to be confirmed in Stellar’s blockchain.

Original source

Add comment

Please Sign in to be able to leave comments.