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

1. Louis Nobleman - English, Spanish, Tagalog
2. Jesus Moreno - English, Spanish
3. Kedrin Welodon - English, Russian
4. Gotowerdown - English, Indonesian
5. 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]