Nano, formerly Raiblocks is a POW cryptocurrency that supports transactions without fees and almost instantaneous. It uses a data structure and consensus radically different from Bitcoin with the Blake2b algorithm. Unlike the Bitcoin blockchain, Nano uses a data structure where each Nano address has its own blockchain. The project was launched in 2014 with the ultimate goal to offer a worldwide payment solution for daily application. Nano is a cryptocurrency where everyone has their own blockchain. They interact with each other with a double transaction mechanism, where the recipient and the sender compare the balance of their funds reciprocally and this asynchronously.
This data was last updated 2021-05-13 05:37:17 UTC