What is Nano?

"Digital currency for the real world – the fast and free way to pay for everything in life.

Recently, high demand and limited scalability have increased the average transaction times and fees in popular cryptocurrencies, yielding an unsatisfactory experience. Here we introduce Nano, a cryptocurrency with a novel block-lattice architecture where each account has its own blockchain, delivering near instantaneous transaction speed and unlimited scalability.

Each user has their own blockchain, allowing them to update it asynchronously to the rest of the network, resulting in fast transactions with minimal overhead. Transactions keep track of account balances rather than transaction amounts, allowing aggressive database pruning without compromising security.

To date, the Nano network has processed 4.2 million transactions with an unpruned ledger size of only 1.7GB. Nano’s feeless, split-second transactions make it the premier cryptocurrency for consumer transactions."

-Nano.org
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General

TICKER SYMBOLS
NANO, XRB
CURRENT PRICE
$0.775247
Updated 2 minutes ago via cryptocompare.com
CHEDDUR ALL TIME HIGH
$36.23
2 years ago
CIRCULATING SUPPLY
133,248,297 coins
Updated 21 minutes ago via coinmarketcap.com
MARKET CAP
$103,300,311
Updated 10 seconds ago
CO-FOUNDER
Colin LeMahieu

Technical

BLOCKCHAIN / LEDGER
Uses own
MONETARY POLICY
Maximum Supply (340,282,366.921 coins)
PRE-MINED / RESERVED
Yes (207,034,077.7 coins)
CONSENSUS MECHANISM
Directed Acyclic Graph (DAG)
MINEABLE / STAKEABLE
No
HASHING ALGORITHM
BLAKE2b

Categories

Payments

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