Garry Tan on Nano

a photo of crypto expert reviewer Garry Tan

Garry Tan is a Managing Partner at Initialized, a seed-stage venture investor. He was formerly a partner at Y Combinator.

Y Combinator

expert reviewed cryptocurrency Nano logo

Nano is a cryptocurrency focused on fast transactions, no fees, and scalability.

Finance and payments

Nano reviews by Garry Tan

πŸ”‘ 2 positive | πŸ’© 0 negative

2018

  • πŸ”‘

    Nano is an interesting example for a future FairCoin: no premine except for a small 4.5% set aside for core team and bug bounties. No mining. No further dilution. Almost all coins were distributed quietly via captcha faucet to ensure wide initial distribution.

    Garry Tan, Co-founder and Managing Partner at Initiaized

    2018-02-04 | Full Review

  • πŸ”‘

    One of my favorite things about XRB. Super straightforward value prop that anyone can understand.

    Garry Tan, Co-founder and Managing Partner at Initiaized

    2018-01-30 | Full Review

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πŸ”‘

Decred is a functioning test bed for how to do proof of stake with governance. I’m a big fan.

Garry Tan, Co-founder and Managing Partner at Initiaized

2018-05-12 | Full Review

πŸ”‘

Proof of stake with on-chain governance is already here: It’s called Decred, and I think of it as the Velvet Underground of crypto.

Garry Tan, Co-founder and Managing Partner at Initiaized

2018-02-23 | Full Review

πŸ”‘

If decentralized apps become the dominant use of cryptocurrency, Ethereum has two main moats: 1) API moat for developer ecosystem and 2) end-user moat around use of Toshi/MetaMask wallets. All would-be challengers will need to overcome those two early advantages.

Garry Tan, Co-founder and Managing Partner at Initiaized

2018-01-07 | Full Review

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πŸ’©

One thing I find interesting about these "next-gen" and "scalable" blockchains is that although they've been released, transaction volume is scarily low. For instance, #Nano is processing a whopping 0.2 transactions per second currently.

Jackson Palmer, Group Product Manager at Adobe and Creator of Dogecoin

2018-06-17 | Full Review

πŸ”‘

I took a look at Nano currency recently. Pretty neat. Every account has its own blockchain. It focuses on fast and free transactions for payments. Uses PoS for double-spend protection and PoW to fight spam. The challenge is to keep it decentralized.

2018-02-28 | Full Review

πŸ”‘

Nano/RaiBlocks is pretty interesting. The big issue they face is figuring out a way to deal with spam attacks that doesn't result in a massive network slowdown or a de facto reversion to being purely PoS.

2018-03-01 | Full Review

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