Nano, formerly RaiBlocks, is a cryptocurrency that is designed to be used as a digital currency and was created by Colin LeMahieu in 2015 that uses a combination of Directed Acyclic Graph (DAG), block lattice, and delegated Proof-of-Stake consensus mechanisms. Nano is based on a directed acyclic graph (DAG) and block-lattice data structure that creates a single blockchain with its own private key for every individual account on the platform. The Nano protocol claims to be able to support and infinite amount of instant transactions with no transaction fees. The Nano cryptocurrency is represented by the symbol XRB. Nano offers a variety of cryptocurrency wallets that are available online, on mobile devices (IOS and Android), and desktops (Windows, Linux, and Mac).
Founder & Lead Developer
Devin Alexander Torress
Operations & Partnerships
BitGrail Vs. Nano: Who Is Responsible For the $150 Million Theft?
Documentaries, videos and podcasts
DashCast Ep. 5 | Colin LeMahieu (Founder of Nano)
October 24, 2018
31 January 2018
- Directed acyclic graphA graph data structure that uses topological ordering, meaning that the graph flows in only one direction, and it never goes in circles.
- CryptocurrencyA cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies.
- Delegated proof of stake (DPOS)Delegated proof of stake (DPOS) is a method of providing security to a crypto-currency network through the approval voting of delegates.
- IOTA (cryptocurrency)IOTA is a distributed ledger technology based on a structure called the "tangle". It was developed to enable decentralized transactions for the internet of things.