summary: Nano (formerly RaiBlocks) is a trustless, low-latency cryptocurrency that utilizes a novel block-lattice architecture...
content: Nano (formerly RaiBlocks) 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. Mechanism of Action Unlike conventional blockchains used in many other cryptocurrencies, RaiBlocks 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. Developers Colin LeMahieu- Core Wallet Developer, Creator of RaiBlocks Sergsw/byte16 - Core Wallet Contributor James Coxon - Services & Integration Developer Mica Busch - Web & Android Developer Zack Shapiro - iOS Developer Community Managers 1. Louis Nobleman - English, Spanish, Tagalog 2. Jesus Moreno - English, Spanish 3. Kedrin Welodon - English, Russian 4. Gotowerdown - English, Indonesian 5. Flomess - English, Italian History In January 2018 RaiBlocks rebrands as Nano. In February 2018 one of the primary Nano exchanges, BitGrail announces that it is missing approximately $170 million dollars in funds.