Nano
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.[1]
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.[2]
Developers
- 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[6]
Community Managers
- Louis Nobleman - English, Spanish, Tagalog
- Jesus Moreno - English, Spanish
- Kedrin Welodon - English, Russian
- Gotowerdown - English, Indonesian
- Flomess - English, Italian[7]
History
In January 2018 RaiBlocks rebrands as Nano.[3]
In February 2018 one of the primary Nano exchanges, BitGrail announces that it is missing approximately $170 million dollars in funds.[4][5]
