Hello fellow Steemers, today, a short prebiew about Nano. ENJOY reading.

Nano, previously known as RaiBlocks, is a cryptocurrency that uses Block Lattice technology to send and receive transactions. Transactions confirm in seconds and are completely free.

Nano, created by Colin LeMahieu, is a new type of cryptocurrency that uses Block Lattice technology to send and receive transactions. Instead of using miners, Nano utilizes a system of representative nodes that act as voters to insure transactions are secure and accurate. Nano transactions have no fees and processing speeds are extremely fast. With Nano, each account has their own block lattice 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. With Nano, users get unlimited scalability plus instantaneuos transactions without fees. That absence of fees is possible thanks to the minimal resources required by the network, including no requirement for high-power mining hardware. According to its website, the Nano network so far has processed more than 4 million transactions. This is even more impressive considering that the unpruned ledger is just 1.7 GB. First of all, anyone using Nano is already running a node trough the Nano wallet. If you are using a web wallet like Nanowallet, you are essentially assigning your "representation", or voting power, to one of Nanowallet's accounts. Nanowallet will do the Proof-of-Stake voting for you. When you first create a Nano account, your representative node is assigned to one of the 8 official nodes, maintained by the devs. This can be changed to any other node you prefer. Over time, there is expected to be many more user created verification nodes. The Nano network needs many nodes to function. More nodes lead to decentralization, quciker conflict resolution and increased capacity. As the network grows, the consolidation ot these representatives will be reversed, and voting power will be redistributed amongst more unique identities.

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Source: https://www.monitor.si/novica/sosedom-ukradli-za-120-milijonov-kriptovalut/184107/

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Value at this moment: Source: discordapp.com

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Source: BitScreener

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*Main Source: "Top 100 cryptocurrency" (Bill Lou & Dan Sangyoon Kim)

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