Nano NANO

$2.40
Market Cap $ 319.900 MM (#32)
24h Volume $ 10.812 MM
Chg. 24h: -0.14%
Algo. score 4.5/5  (#5)
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Nano project purpose and description

Nano clarity of purpose

Nano purpose and aspects

Nano offers a blockchain where each user runs heir own blockchain. Its trasanctions are feeless

Nano additional differentiation against competition

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Nano categories

Digital currency

Short description

Nano is a trustless, low-latency cryptocurrency that utilizes a novel block-lattice architecture, where each account has its own blockchain and achieves consensus via delegated Proof of Stake voting. Offers feeless, instantaneous transactions, as well as unlimited scalability, making Nano ideal for peer-to-peer transactions. The network requires minimal resources, no high-power mining hardware, and can process high transaction throughput.

Abstract

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.

Link to Roadmap: https://vimeo.com/253563861
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