Various mechanisms have been proposed to heat the solar corona, but no
ne have been completely successful in accounting for its observed char
acteristics. Recently a further candidate has been advanced; namely, s
tochastic heating via a large number of tiny impulsive energy-release
events, the so-called nanoflares. In this paper we develop a simple se
mianalytical model to describe the temporal evolution of the nanoflare
plasma and to determine the response of magnetic flux tubes of differ
ent sizes to typical nanoflare energy releases. This allows us to show
how the repeated occurrence of low-energy events in an originally coo
l loop may eventually build up a high-temperature plasma- a nanoflare-
heated corona. We also calculate the average nanoflare rate of occurre
nce, as a function of loop size, required to keep the plasma at corona
l temperatures. The collective effect of this minievent population is
shown to account for the observed coronal temperature and global emiss
ion measure. The present estimates may be used as guidelines for defin
ing the requisites of future experiments aimed at observationally test
ing the nanoflare heating hypothesis.