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Nano (cryptocurrency)

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Nano (formerly RaiBlocks) 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. [14]

 

Mechanism of Action

Unlike conventional blockchains used in many other cryptocurrencies, RaiBlocks uses a block-lattice structure. Each account has its own blockchain (account-chain), equivalent to the account's transaction/balance history. Each account-chain can only be updated by the account's owner; this allows each account-chain to be updated immediately and asynchronously to the rest of the block-lattice, resulting in quick transactions. Since blocks can only be added by each account-chain's owner, transferring funds from one account to another requires two transactions: a send transaction deducting the amount from the sender's balance and a receive transaction adding the amount to the receiving account's balance. [15]

 

Developers [8]

Colin LeMahieu- Core Wallet Developer, Creator of RaiBlocks

Sergsw/byte16 - Core Wallet Contributor

James Coxon - Services & Integration Developer

Mica Busch - Web & Android Developer

Zack Shapiro - iOS Developer

 

Community Managers [8]

Louis Nobleman - English, Spanish, Tagalog

Jesus Moreno - English, Spanish

Kedrin Welodon - English, Russian

Gotowerdown - English, Indonesian

Flomess - English, Italian

 

History

In January 2018 RaiBlocks rebrands as Nano.[11]

 

In February 2018 one of the  primary Nano exchanges, BitGrail announces that it is missing approximately $170 million dollars in funds.[12][13]​ 

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Created: 05/23/2018 04:08:55 AM UTC
Last Modified: 05/23/2018 04:18:12 AM UTC