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.
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.
- 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
- Louis Nobleman - English, Spanish, Tagalog
- Jesus Moreno - English, Spanish
- Kedrin Welodon - English, Russian
- Gotowerdown - English, Indonesian
- Flomess - English, Italian
In January 2018 RaiBlocks rebrands as Nano.
Did you find this article interesting?