{"id":"nano","version":1,"language":"en","title":"Nano","content":"Nano (formerly RaiBlocks) is a trustless, low-latency [cryptocurrency](https://beta.everipedia.org/wiki/cryptocurrency) that utilizes a novel block-lattice architecture, where each account has its own [blockchain](https://beta.everipedia.org/wiki/blockchain) and achieves consensus via delegated [Proof of Stake](https://beta.everipedia.org/wiki/proof-of-stake) voting.[\\[1\\]](#cite-id-7allbvbf39x)  \n  \n## Mechanism of Action  \n  \nUnlike 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.[\\[2\\]](#cite-id-ok89x8inekf)  \n  \n## Developers  \n  \n* Colin LeMahieu- Core Wallet Developer, Creator of RaiBlocks  \n* Sergsw/byte16 - Core Wallet Contributor  \n* James Coxon - Services & Integration Developer  \n* Mica Busch - Web & Android Developer  \n* Zack Shapiro - iOS Developer[\\[6\\]](#cite-id-tsr2767x59m)  \n  \n## Community Managers  \n  \n1. Louis Nobleman - English, Spanish, Tagalog  \n2. Jesus Moreno - English, Spanish  \n3. Kedrin Welodon - English, Russian  \n4. Gotowerdown - English, Indonesian  \n5. Flomess - English, Italian[\\[7\\]](#cite-id-ug94oxwtyqc)  \n  \n## History  \n  \nIn January 2018 RaiBlocks rebrands as Nano.[\\[3\\]](#cite-id-tuzwnanmhi)  \n  \nIn February 2018 one of the primary Nano exchanges, BitGrail announces that it is missing approximately $170 million dollars in funds.[\\[4\\]](#cite-id-wjk0iok5nj9)[\\[5\\]](#cite-id-otfraxjipo)","summary":"Nano (formerly RaiBlocks) is a trustless, low-latency cryptocurrency that utilizes a novel block-lattice architecture...","categories":[{"id":"cryptocurrencies","title":"Cryptocurrencies"}],"tags":[],"metadata":[{"id":"references","value":"[{\"id\":\"7allbvbf39x\",\"url\":\"https://nano.org/en\",\"description\":\"Nano Official Website\",\"timestamp\":1661309046642},{\"id\":\"ok89x8inekf\",\"url\":\"https://docs.nano.org/living-whitepaper/\",\"description\":\"Nano Documentation\",\"timestamp\":1661309078125},{\"id\":\"tuzwnanmhi\",\"url\":\"https://hackernoon.com/nano-rebrand-announcement-9101528a7b76\",\"description\":\"Nano Rebrand Announcement\",\"timestamp\":1661309111317},{\"id\":\"wjk0iok5nj9\",\"url\":\"https://techcrunch.com/2018/02/12/bitgrail-hack-nano/\",\"description\":\"Italian crypto exchange gets hacked for $170 million in Nano\",\"timestamp\":1661309166012},{\"id\":\"otfraxjipo\",\"url\":\"https://medium.com/@nanocurrency/bitgrail-insolvency-update-2-11-18-9349c9fe1281\",\"description\":\"BitGrail Insolvency Update — 2/11/18\",\"timestamp\":1661309193957},{\"id\":\"tsr2767x59m\",\"url\":\"https://github.com/nanocurrency\",\"description\":\"Github | Nano\",\"timestamp\":1661309262781},{\"id\":\"ug94oxwtyqc\",\"url\":\"https://twitter.com/nano\",\"description\":\"Nano on Twitter\",\"timestamp\":1661309278756}]"},{"id":"website","value":"https://nano.org/en"},{"id":"facebook_profile","value":"https://facebook.com/nanofoundation"},{"id":"instagram_profile","value":"https://instagram.com/nanocurrency"},{"id":"twitter_profile","value":"https://twitter.com/nano"},{"id":"linkedin_profile","value":"https://www.linkedin.com/company/nano-foundation/"},{"id":"youtube_profile","value":"https://www.youtube.com/nanocurrency"},{"id":"discord_profile","value":"https://discord.com/invite/5WGnsgS"},{"id":"reddit_profile","value":"https://www.reddit.com/r/nanocurrency"},{"id":"telegram_profile","value":"https://t.me/nanocurrency"},{"id":"github_profile","value":"https://github.com/nanocurrency"},{"id":"coinmarketcap_url","value":"https://coinmarketcap.com/currencies/nano/"},{"id":"coingecko_profile","value":"https://www.coingecko.com/en/coins/nano"},{"id":"previous_cid","value":"QmdHGEcnBARUVB6bXyBN7omtgmnNJJPQVVSyyzwCbhaZVV"}],"user":{"id":"0x7da121Af2c3Fc2e65eDCD3573a403C352B4538Aa"},"author":{"id":"0x7da121Af2c3Fc2e65eDCD3573a403C352B4538Aa","profile":{"username":"Ilori_Josh","avatar":"QmVG5Mp6f1NeZ4xEwqS2jh75tjqiF9su8xCRVWrsnv2RFA"}},"media":[{"name":"5-cryptos-nano.png","size":"0.014","id":"QmeRPGkqYdZshgzF9DCmxi345mNMR6XTT4Tc27Stk11JPJ","source":"IPFS_IMG"},{"name":"Nano.png","size":"0.256","id":"QmRWg1XMWUAFrunuTDVfCQyVrUo6M24gCDTCG6e6PfrSyV","source":"IPFS_IMG"},{"name":"nano.webp","size":"0.023","id":"Qmahh86ZZRidzmGm9QGL6oGrUpjfiWSkjR2DezH8wWGea5","source":"IPFS_IMG"},{"name":"NANO-1.png","size":"0.425","id":"QmWidz2bioo3czUVxreTmVJwGYN9uQtprjdbC66A4qPvMN","source":"IPFS_IMG"},{"name":"nanoCryptoBenefits.jpg.webp","size":"0.023","id":"QmZZwZBnSf9ufaSf1nWgnjUT1iDWrCnBQ2XGSRQ8T5YSg2","source":"IPFS_IMG"},{"name":"shutterstock_1086334091.webp","size":"0.148","id":"QmYtP1rXaTy21LjKRs5Q7zPD72MGuEA2eE6MpgxLcA7mga","source":"IPFS_IMG"}],"ipfs":"QmdHGEcnBARUVB6bXyBN7omtgmnNJJPQVVSyyzwCbhaZVV","transactionHash":"0x0a0cec8cc28e793ca13f4d2f08a2a74c08e74e2f2c8f58899f476494def381fb","created":"2022-08-23T18:09:32.279Z","updated":"2022-08-23T18:09:32.279Z","images":[{"id":"QmYaxSwJCi2qnuJzjUp76gLmDi3hftTKuM7Qqn75A9Vab9","type":"image/jpeg, image/png"}]}