Rank 49

Nano

NANO

Avg. Price

$0.988941 USD

24hr change

-2.08%

NANO/USD Calculator

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Market Cap / USD

$131,774,705

Circulating Supply

133,248,289

Volume 24hr / USD

$2,600,614

Total Supply

133,248,289

What is Nano?

  • Coin

Nano 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. Unlike conventional blockchains used in many other cryptocurrencies, Nano 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.

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