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Cake day: October 24th, 2023

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  • zergtoshi@lemmy.worldtoLemmy Shitpost@lemmy.worldPlease Stop
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    8 months ago

    There’s attempts at having payments with 0 fees, that is, if you don’t involve exchanges or payment service providers, who obviously charge a fee for fiat conversion.
    Using Nano you have 0 fees for the transaction and ideally as little as 0.25% fee at an exchange for fiat conversion.
    It’s not only without fees, it’s very fast (ideallly sub-second confirmation) and eco-friendly (requiring no special hardware, because there is no mining and using very little energy overall).
    What’s lacking is places where you can actually pay for things with Nano, but that’s the classic chicken and egg problem.


  • zergtoshi@lemmy.worldtoLemmy Shitpost@lemmy.worldPlease Stop
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    8 months ago

    Fixing issues like energy consumption, confirmation time, fees?
    Just in case you haven’t heard of Nano, allow me to tell you it’s an attempt at creating a peer-to-peer digital currency with minimal energy consumption, 0 fees, 0 minimum account balance, very fast confirmation (ideally sub-second, sometimes a bit slower) and 0 supply inflation.
    It focuses on doing one thing and doing it well: transferring value efficiently, sustsinably and without middlemen.
    It’s around since 2015 and still kicking, getting better and better with each release, ironing kinks out.
    It might sound too good to be true, but it’s worth a look; make up your own mind.















  • Your understanding is correct.
    Relativistic mass increases the faster the moving object gets. That in turn means more energy is required to accelerate an object the closer it gets to the speed of light.

    Fun fact: the speed of light is not as absolute as it might seem when looking at relativistic effects. In media with a refraction index above 1 (only perfect vacuum has a refractiom index of 1), the speed of light equals 1/(refraction index).
    For light moving in water that results in a speed of light of around 3/4 the speed of light in vacuum.