Total Market Cap
Last historical data: 2021-01-22T08:14:05.000Z
Decimal places: 0
Algorithm: Directed Acyclic Graph (DAG)
Liquidity score: 53.962
Publi interest score: 0.007
Community score: 48.938
Developer score: 85.688
Coingecko score: 57.635
Market cap rank: 67
Coingecko rank: 18
Alexa rank: 313412
Bing matches: 0
Nano, a low-latency cryptocurrency built on an innovative block-lattice data structure offering unlimited scalability and no transaction fees.
Nano by design is a simple protocol with the sole purpose of being a high-performance cryptocurrency.
The Nano protocol can run on low-power hardware, allowing it to be a practical, decentralized cryptocurrency for everyday use. The original Nano (RailBlocks) paper and first beta implementation were published in December, 2014, making it one of the first Directed Acyclic Graph (DAG) based cryptocurrencies .
These DAG-based cryptocurrencies broke the blockchain mold, improving system performance and security.
Nano achieves consensus via a balance-weighted vote on conflicting transactions.
This consensus system provides quicker, more deterministic transactions while still maintaining a strong, decentralized system.
Nano continues this development and has positioned itself as one of the highest performing cryptocurrencies. Nano is a trustless, feeless, low-latency cryptocurrency that utilizes a novel blocklattice structure and delegated Proof of Stake voting.
The network requires minimal resources, no high-power mining hardware, and can process high transaction throughput.
All of this is achieved by having individual blockchains for each account, eliminating access issues and inefficiencies of a global data-structure.
We identified possible attack vectors on the system and presented arguments on how Nano is resistant to these forms of attacks. Check out CoinBureau for the complete review of Nano.
Nano (RaiBlocks before the rebranding) is a cryptocurrency designed for everyday use.
Peer-to-peer transactions on its blockchain are free, instant and scalable.