Nano - Digital Currency for the Real World
Nano (formerly RaiBlocks) is a decentralized, sustainable, and secure next-generation digital currency focused on addressing the inefficiencies present in existing cryptocurrencies. Designed to solve peer to peer transfer of value, Nano aims to revolutionize the world economy through an ultrafast, fee-less and decentralized network that is open and accessible to everyone.
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Nano transactions happen immediately, so it's a currency you can use every day for purchases large or small.
Pay for the purchase, not the privilege – zero fees on whatever you buy, from bus ticket to business class flight.
Nano can process over 1000x more transactions per second than Bitcoin, so you'll never get stuck in a queue.
Each account has their own blockchain
With Nano, each account has their own blockchain as part of a larger directed acyclic graph.
Each individual user provides the computational power for the verification of their own transactions, meaning entire network is not required to update the overall ledger together in massive blocks.
Wallets pre-cache the anti-spam Proof of Work
Wallets pre-cache the anti-spam Proof of Work for the next transaction once a transaction is sent, making transactions instantaneous, as both sides have the proof of work ready to go.
Running a node costs next to nothing
Because the protocol is incredibly lightweight and running a node costs next to nothing, Nano’s transactions are processed with no fees.
One transaction fits within a single UDP packet, and transactions are handled independently, eliminating any block size issue.