Nano is a digital currency known for its fast, free, and scalable transactions. It operates on a block-lattice structure using directed acyclic graph (DAG) technology and a proof-of-stake (PoS) consensus mechanism. Compared to other cryptocurrencies, Nano is highly energy-efficient and supports various use cases, including microtransactions, remittances, and merchant adoption. It employs delegated proof-of-stake (dPoS) to ensure security, where account holders vote on representatives to validate transactions. Originally launched as RaiBlocks (XRB) in 2014, it was rebranded to Nano in 2018.
Summary: NANO is designed for low latency and infinite scalability to provide fast, fee-free transactions. Its block-lattice structure, DAG technology, and PoS consensus mechanism facilitate efficient and secure transactions.
