NanoNANO#98

Open-source, sustainable and secure, Nano (NANO) was launched in 2015 with the aim of providing simple peer-to-peer transfer of value. Developed to make trading easily integrated into modern applications, paying with Nano is possible through many traditional merchants as well as a growing community of online marketplaces listed on Nano’s website. Its Block Lattice structure means that every Nano account has its own blockchain, allowing instant transactions as well as low fees and high processing capacity. Nano’s Delegated-Proof-of-Stake consensus makes for drastically smaller blockchain sizes compared to Proof-of-work chains, but – even though consensus is decided through representative voting – Nano’s representatives aren’t paid for their validation work. That decision was made to keep Nano as decentralised as possible, incentivising the currency with operational cost savings instead of direct rewards.