Nano is a decentralized, sustainable and secure digital currency focused on solving inefficiencies present in existing financial systems. Nano aims to provide simple peer-to-peer value transmission, and its unique design enables individuals to get the most efficient and easiest digital currency to connect them to the global economy at the lowest cost.

1. Project introduction

XNO is a cryptocurrency with zero fees, instant transactions and extremely scalable. It implements its functionality through directed acyclic graph (DAG) data structures rather than traditional single-threaded blockchain data structures. XNO uses a unique DAG, which its team calls block-lattice.

Features
Easy to use and no fees: By focusing on transferring value as efficiently as possible, the Nano network can provide free transactions, allowing users and service providers to easily enjoy the powerful and cost-saving quality of digital currencies.

Environmental: Instead of relying on high-energy mining to ensure security, Nano uses a lightweight and efficient consensus protocol called Open Representative Voting (ORV) to minimize energy consumption.

Instantaneous Transactions: Digital currencies should be fast and easy to use. Whether it is buying goods in a store, transferring money across borders or making online payments, Nano's transactions can be fully confirmed in one second. And these are fully settled payments on the Internet, and companies no longer need to wait for approval from credit cards or bank networks.

Mining and Airdrop
The Nano protocol deliberately avoids dependence on mining. This design decision eliminates the centralized problems caused by unnecessary energy consumption and mining activities. Nano has completed all currency distributions with a maximum supply of 133,248,297 XNO.

Nano uses a unique "verification code airdrop system" to distribute Nano as fairly and organically as possible. The airdrop started on October 1, 2015 and requires users to complete complex verification code tests to earn Nano. This distribution allows anyone with a computer to participate by contributing time and energy, rather than by inefficient mining methods like other projects.

This distribution through airdrop makes Nano easier to access, especially for those who do not have enough funds to buy mining hardware and participate in ICOs. This unique approach is a great way to distribute Nano to people who have never used it before and can make Nano more widely distributed worldwide. In addition to Europe and North America, this distribution method has helped to build active communities in Central and South America, including large communities in Brazil and Venezuela, while in Southeast Asia, the most active ones are Indonesian communities.

Network Protocol
The Nano network has some unique and efficient features that require minimal energy to complete a transaction instantly, easy to use and can truly provide the scalability required by digital currencies.

Nano's distributed ledger is called a block lattice, which allows each account to have its own blockchain instead of having only one chain in the entire network, and in the case of one chain each node rushes to add its own block to the chain in a fierce competition. With this design, only the account owner can add blocks to their own chains, allowing for a large number of transactions on the network at the same time while ensuring security.

The consensus mechanism known as open representative voting (ORV) is significantly different from other blockchain networks. ORVs reach consensus by voting on behalf of the validity of individual blocks shared on the network. The voting weight of each representative is obtained through the authorization of the coin holder, and the weight depends on the amount of the coin holder. The account owner can still use all of his funds without restrictions, because the authorization act does not involve pledges and represents no control over the funds, and they simply get the right to vote from them.

2. Commentary

Nano (formerly RaiBlocks XRB), a new cryptocurrency based on a block dot matrix (BlockLattice) structure, where each account has its own blockchain, providing near-instant transaction speed and unlimited scalability. Each account (i.e., address) has its own blockchain, allowing them to update asynchronously to the rest of the network, thereby obtaining fast transaction confirmation with minimal resource overhead. Transaction record account balances rather than transaction amounts allow the system to perform large database pruning without sacrificing security. Nano's no transaction fee and instantaneous transaction characteristics make it a high-quality cryptocurrency in the consumer trading field.

Related links:
https://nano.org/zh
https://info.binance.com/cn/currencies/nano
http://www.qukuaiwang.com.cn/szhb/2727.html#jj