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Nano

Nano (formerly RaiBlocks) is a trustless, low-latency  that utilizes a novel block-lattice architecture, where each account has its own  and achieves consensus via delegated 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]

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Nano

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August 24, 2022

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