{"id":152,"date":"2022-01-14T03:03:00","date_gmt":"2022-01-14T03:03:00","guid":{"rendered":"https:\/\/coinrabbit.io\/blog\/?p=152"},"modified":"2025-01-31T12:15:34","modified_gmt":"2025-01-31T12:15:34","slug":"why-get-a-loan-with-nano","status":"publish","type":"post","link":"https:\/\/coinrabbit.io\/blog\/why-get-a-loan-with-nano\/","title":{"rendered":"Nano crypto loans"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div>\n<p>In one of our recent <a href=\"https:\/\/coinrabbit.io\/blog\/4-reasons-to-get-a-loan-in-bitcoin-cash\">posts<\/a>, we\u2019ve discussed a robust alternative to taking out a loan in Bitcoin. It was about Bitcoin Cash \u2014 a cryptocurrency that is faster than Bitcoin, more user-friendly, and much less expensive than the first crypto. BCH is a very reliable coin that has been in the Top-10 cryptos list since its inception \u2014 however, as it has been built on the same protocol as Bitcoin, it still carries some of its limitations in terms of speed and efficiency.&nbsp;<\/p>\n\n\n\n<p>Today, we will talk about Nano \u2014 the coin that shocks with its speed and is completely (yes, totally) free to use. While many people prefer using it for quick payments (which is quite reasonable), some HODL, which is reasonable too: Nano shows an ROI close to 50,000% and is making a significant growth right now. Thus, you may want to use your profits, but don\u2019t want to sell the coin as it may further appreciate. Here\u2019 the decision: get a Nano loan and you will have some funds to use right now, while your Nano will be safe in our hands until the moment you ask it back.<\/p>\n\n\n\n<p>In this article, we will discuss what is Nano, why is Nano an excellent choice to get a loan with, and how all this works. Dig in!&nbsp;<br><br><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2021\/05\/shutterstock_1086334091.jpg\" alt=\"\"\/><\/figure>\n\n\n<h2 class=\"wp-block-heading\" id=\"what-is-nano\">What is Nano?<\/h2>\n\n\n<p><strong>Nano<\/strong> (former XRB) and now <strong>XNO<\/strong> &#8211; a decentralized open-source eco-friendly peer-to-peer cryptocurrency that was created to address some of the scalability issues associated with blockchain-based digital assets (such as Bitcoin and Ether), including high fees and slow transaction times, which have been a blocker to mainstream adoption.&nbsp;<\/p>\n\n\n\n<p>In 2015, a coin named RaiBlocks was created. Its users got rewards for completing CAPTCHA challenges. In 2018, the Nano team realized that they aspire for the greater: making a coin for truly seamless peer-to-peer transactions, without any fees, and at a rocket speed. The old name didn\u2019t correspond to the new purpose, and thus RaiBlocks was rebranded to Nano.&nbsp;<br><br><\/p>\n\n\n<h2 class=\"wp-block-heading\" id=\"the-perks-of-nanonbsp\">The perks of Nano <\/h2>\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Instant payments of any size are possible.<\/strong> Nano is designed the way that no matter how the network is congested, you can always deliver your payment in a second \u2014 no matter where and how much. In Bitcoin, you can wait for your payment confirmation for hours, while here such a scenario is just impossible. We will talk about how it works further below.&nbsp;<br><\/li>\n\n\n\n<li><strong>Nano is completely fee-less. <\/strong>One more reason for anxiety is not relevant anymore \u2014 in BTC or ETH, your fees can eat a significant part of your payment, and you never know what the fees will be at a certain moment. Nano validators don\u2019t get mining or any other type of rewards, thus you simply don\u2019t have to pay anything. Besides user-friendliness, this perk has another non-obvious advantage of Nano: it allows making micropayments of dollars and even cents. This can be tipping or paying for small items.&nbsp;<br><\/li>\n\n\n\n<li><strong>Nano is energy-efficient.<\/strong> It works on a compact ORV (Open Representatives Voting) consensus protocol which consumes way less energy than the cumbersome Proof of Work like in Bitcoin. Nano is eco-responsible and has deliberately chosen an energy-efficient protocol design.&nbsp;<br><br><\/li>\n<\/ul>\n\n\n<h2 class=\"wp-block-heading\" id=\"why-is-nano-so-fast-how-does-it-work\">Why is Nano so fast? How does it work?<\/h2>\n\n\n<p><strong>First, it\u2019s the unique Nano blockchain architecture. <\/strong>They have implemented a so-called block-lattice design: each user has an account and their own separate blockchain inside. Only two transactions are necessary for validation: \u201csend\u201d and \u201creceive\u201d. Once a transaction goes, it gets validated in this user\u2019s separate blockchain right away without any waiting. This enables two things:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>First, it\u2019s <strong>speed<\/strong>. Nano\u2019s transaction per second rate is 125, compared to Bitcoin\u2019s 7. In BTC protocol design, about 500 transactions fit in a block which is issued every 10 minutes, and in this block, there are transactions from all over the world. Sometimes this creates bottlenecks, and users have to wait hours until their transactions are approved. In Nano, there\u2019s no possibility of such since blockchains are held by individuals, not the whole planet Earth at once. Thus, the network congestion does not affect speed.&nbsp;<br><\/li>\n\n\n\n<li>Second, it\u2019s <strong>efficiency in terms of energy<\/strong>. In Bitcoin, hundreds of miners in the whole world compete to validate the same transacitons at a given moment. Thus, much energy goes to \u201cnowhere\u201d. In Nano, one blockchain is only validated by one representative, which means no energy goes in vain.<br><\/li>\n<\/ul>\n\n\n\n<p><strong>Second, it\u2019s Nano\u2019s consensus algorithm.<\/strong> As a user, you have to choose one representative who will validate your transactions. How do you choose? Based on the following parameters: they should be online much of the time, have no more than 1% of voting weight, show links to their social media, be present in the community for some time. <br><br><\/p>\n\n\n<h2 class=\"wp-block-heading\" id=\"why-get-a-loan-in-nano-now\">Why get a loan in Nano now?<\/h2>\n\n\n<p>Let\u2019s say you have some Nano but don\u2019t want to sell it now. However, you need some money right now that you could spend on your needs. <a href=\"https:\/\/coinrabbit.io\/loans\/\" title=\"https:\/\/coinrabbit.io\/\">CoinRabbit <\/a>Nano lending allows you to get this money in a matter of minutes without any credit checks.<\/p>\n\n\n\n<p>When you borrow at CoinRabbit, you leave some Nano for temporary storage and <strong>get a loan in USDT or USDC stablecoin at a 50% loan-to-value ratio<\/strong>. For instance, if 1 Nano now equals $4.1, and 1000 Nano equals $4,100, you would get a loan worth $2050 in Tether for leaving 1000 Nano.&nbsp;<\/p>\n\n\n\n<p>With this $2K, you can go do whatever you want. USDT and USDC are very flexible crypto assets with plenty of use cases. Now, there\u2019s a bull run going on, and you can <strong>trade <\/strong>these funds against other coins to make profits on one of the crypto exchanges. Since stablecoins\u2019 value is pegged to the US Dollar and is always $1, you can easily count and plan your expenses and trading activity.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image is-resized\"><img decoding=\"async\" src=\"https:\/\/miro.medium.com\/max\/1400\/1*u-Zr0tYpmOiv8qXkYms0jg.gif\" alt=\"\" style=\"width:820px;height:461px\"\/><\/figure>\n\n\n\n<p>In the longer term, you can <strong>invest <\/strong>these stablecoins in a certain cryptocurrency to take out profits in several months or even years \u2014 CoinRabbit has<strong> no limits for the loan duration<\/strong>, and there are<strong> no monthly payments<\/strong> that would annoy you.&nbsp;<\/p>\n\n\n\n<p>Many online stores today accept Tether and USDC \u2014 so you can <strong>pay <\/strong>with these tokens, thus realizing your dream that you needed some extra money for but didn\u2019t want to sell your Nano in the middle of the bull run. However, if the service or online store of your interest doesn\u2019t accept crypto, simply <strong>cash out <\/strong>on one of the major cryptocurrency exchanges and pay with fiat.&nbsp;<\/p>\n\n\n\n<p>If you feel worried about the future of your cryptos or need some time to decide, you can <strong>store <\/strong>your USDT\/USDC. Their price won\u2019t change \u2014 so you can rest assured your funds are safe.&nbsp;<br><br><\/p>\n\n\n<h2 class=\"wp-block-heading\" id=\"why-coinrabbitnbsp\">Why Coinrabbit? <\/h2>\n\n\n<p>We offer you crypto loans at a 14% annual interest rate. You will only have to pay this money when you want to end your loan \u2014 we won\u2019t bother you with monthly payments. We lend Nano with unlimited loan periods and at low minimum amounts. It takes minutes to get your loan, and no paperwork is required \u2014 Nano lending at CoinRabbit is not accompanied by any credit checks. You can return your Nano at any moment you want.&nbsp;<\/p>\n\n\n\n<p><a href=\"https:\/\/coinrabbit.medium.com\/how-to-make-the-most-of-your-crypto-without-spending-it-6d68e20461be\">Here<\/a>, check the full list of our perks, and see the FAQs <a href=\"https:\/\/coinrabbit.io\/loans\/\">here<\/a>.&nbsp;<br><br><\/p>\n\n\n<h2 class=\"wp-block-heading\" id=\"calculate-your-loan-size\">Calculate your loan size<\/h2>\n\n\n<p>What is Nano and why Nano is better than many other cryptos?&nbsp; We didn\u2019t provide you the complete list of Nano pros and cons in this article, but if you\u2019re already using the coin, you might know most of them. <\/p>\n\n\n\n<p>How much USDT can you borrow now with Nano? Find out in this <a href=\"https:\/\/coinrabbit.io\/loans\/\">calculator<\/a>!<br><br><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><a href=\"https:\/\/coinrabbit.io\/loans\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" width=\"1024\" height=\"116\" src=\"https:\/\/coinrabbit.io\/blog\/wp-content\/uploads\/2021\/04\/Group-3462-1024x116.png\" alt=\"Get a Crypto Loan\" class=\"wp-image-1633\" style=\"width:679px;height:76px\" srcset=\"https:\/\/coinrabbit.io\/blog\/wp-content\/uploads\/2021\/04\/Group-3462-1024x116.png 1024w, https:\/\/coinrabbit.io\/blog\/wp-content\/uploads\/2021\/04\/Group-3462-300x34.png 300w, https:\/\/coinrabbit.io\/blog\/wp-content\/uploads\/2021\/04\/Group-3462-768x87.png 768w, https:\/\/coinrabbit.io\/blog\/wp-content\/uploads\/2021\/04\/Group-3462-1536x174.png 1536w, https:\/\/coinrabbit.io\/blog\/wp-content\/uploads\/2021\/04\/Group-3462.png 1697w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n<\/div>\n\n\n<p><br><\/p>\n\n\n\n<p class=\"has-small-font-size\"><strong>Disclaimer: <\/strong>the information provided in this article is for educational and informational purposes only and should not be construed as financial advice. Cryptocurrency investments carry a high level of risk, and it is essential to conduct thorough research and consult with a qualified financial advisor before making any investment decisions. The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of any financial institution or organization. We do not take responsibility for the platforms we recommend. Always invest responsibly and consider your individual financial situation before making investment choices.<\/p>\n\n\n\n<p><br><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In one of our recent posts, we\u2019ve discussed a robust alternative to taking out a&hellip;<\/p>\n","protected":false},"author":3,"featured_media":153,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","_uag_custom_page_level_css":"","ub_ctt_via":"","_lmt_disableupdate":"","_lmt_disable":"","_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[718],"tags":[48,68],"ppma_author":[655],"class_list":["post-152","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-lending","tag-crypto-loan","tag-nano-2","author-coinrabbit_admin"],"aioseo_notices":[],"featured_image_src":"https:\/\/coinrabbit.io\/blog\/wp-content\/uploads\/2021\/02\/8.jpg","author_info":{"display_name":"Dan Marsh","author_link":"https:\/\/coinrabbit.io\/blog\/author\/dan\/"},"modified_by":"Olga Davis","uagb_featured_image_src":{"full":["https:\/\/coinrabbit.io\/blog\/wp-content\/uploads\/2021\/02\/8.jpg",1200,630,false],"thumbnail":["https:\/\/coinrabbit.io\/blog\/wp-content\/uploads\/2021\/02\/8-150x150.jpg",150,150,true],"medium":["https:\/\/coinrabbit.io\/blog\/wp-content\/uploads\/2021\/02\/8-300x158.jpg",300,158,true],"medium_large":["https:\/\/coinrabbit.io\/blog\/wp-content\/uploads\/2021\/02\/8-768x403.jpg",768,403,true],"large":["https:\/\/coinrabbit.io\/blog\/wp-content\/uploads\/2021\/02\/8-1024x538.jpg",1024,538,true],"1536x1536":["https:\/\/coinrabbit.io\/blog\/wp-content\/uploads\/2021\/02\/8.jpg",1200,630,false],"2048x2048":["https:\/\/coinrabbit.io\/blog\/wp-content\/uploads\/2021\/02\/8.jpg",1200,630,false],"wptouch-new-thumbnail":["https:\/\/coinrabbit.io\/blog\/wp-content\/uploads\/2021\/02\/8.jpg",144,76,false]},"uagb_author_info":{"display_name":"Dan Marsh","author_link":"https:\/\/coinrabbit.io\/blog\/author\/dan\/"},"uagb_comment_info":0,"uagb_excerpt":"In one of our recent posts, we\u2019ve discussed a robust alternative to taking out a&hellip;","blog_post_layout_featured_media_urls":{"thumbnail":["https:\/\/coinrabbit.io\/blog\/wp-content\/uploads\/2021\/02\/8-150x150.jpg",150,150,true],"full":["https:\/\/coinrabbit.io\/blog\/wp-content\/uploads\/2021\/02\/8.jpg",1200,630,false]},"categories_names":{"718":{"name":"Crypto lending","link":"https:\/\/coinrabbit.io\/blog\/category\/crypto-lending\/"}},"tags_names":{"48":{"name":"crypto loan","link":"https:\/\/coinrabbit.io\/blog\/tag\/crypto-loan\/"},"68":{"name":"NANO","link":"https:\/\/coinrabbit.io\/blog\/tag\/nano-2\/"}},"comments_number":"0","authors":[{"term_id":655,"user_id":0,"is_guest":1,"slug":"coinrabbit_admin","display_name":"Diana Kelley","avatar_url":{"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&r=g","url2x":"https:\/\/secure.gravatar.com\/avatar\/?s=96&r=g2x"},"author_category":"","first_name":"","last_name":"","user_url":"https:\/\/coinrabbit.io\/blog","job_title":"","description":"Hi, I'm Diana :)\r\n\r\nCrypto enthusiast and blockchain advocate with a passion for exploring the latest trends in digital currencies. Dedicated to providing readers with insightful analysis on everything from crypto wallets and exchanges to emerging AI-driven coins. "}],"brizy_media":[],"_links":{"self":[{"href":"https:\/\/coinrabbit.io\/blog\/wp-json\/wp\/v2\/posts\/152","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinrabbit.io\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinrabbit.io\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinrabbit.io\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/coinrabbit.io\/blog\/wp-json\/wp\/v2\/comments?post=152"}],"version-history":[{"count":9,"href":"https:\/\/coinrabbit.io\/blog\/wp-json\/wp\/v2\/posts\/152\/revisions"}],"predecessor-version":[{"id":6554,"href":"https:\/\/coinrabbit.io\/blog\/wp-json\/wp\/v2\/posts\/152\/revisions\/6554"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinrabbit.io\/blog\/wp-json\/wp\/v2\/media\/153"}],"wp:attachment":[{"href":"https:\/\/coinrabbit.io\/blog\/wp-json\/wp\/v2\/media?parent=152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinrabbit.io\/blog\/wp-json\/wp\/v2\/categories?post=152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinrabbit.io\/blog\/wp-json\/wp\/v2\/tags?post=152"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/coinrabbit.io\/blog\/wp-json\/wp\/v2\/ppma_author?post=152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}