Scalable, Peer to Peer Cryptocurrency Payments in Seconds
Nano, formerly known as RaiBlocks (XRB), is a next-generation cryptocurrency based on Directed Acyclic Graph (DAG) technology. Its implementation of DAG relies on block lattices, where each account (i.e. Nano address) maintains a blockchain of its own transactions. Each user’s blockchain is replicated to all the nodes on the Nano network to maintain an immutable ledger of balances. Boasting a network capacity of up to 7,000 transactions per second on current hardware, Nano has the potential to disrupt the world’s largest payment networks operated by Visa or MasterCard.
On January 31st, 2018, Nano was rebranded from RaiBlocks (XRB) to Nano (Nano). Read the official announcement. All user balances carry over at a 1:1 ratio. Therefore, 1 XRB = 1 NANO and existing wallet addresses beginning with “xrb_” may continue to be used.
Please note: We are an independent, community website not affiliated with the Nano core team or the Nano Foundation.
Nano is more advanced than traditional cryptocurrencies like Bitcoin, and accessible to more users worldwide than PayPal.
- No fees – The amount of Nano you send is the amount the recipient receives.
- Fast – Nano transactions are confirmed in seconds, instead of minutes or hours.
- No chargebacks – Unscrupulous buyers cannot dispute payments after they receive goods or services.
- Anyone can use it – Works anywhere with an Internet connection, thus “banking the unbanked.”
- Environmentally friendly – No need for power hungry mining farms that spur centralization.
- Secure – Through a consensus algorithm, users are prevented from double spending funds or “forging” the ledger.
- Spam resistant – Proof of Work (POW) is required to send and receive Nano, making it computationally expensive to overload the network with spam transactions.
Get a Nano Wallet
For your security, only download the Nano wallet from the official website at nano.org, or the lead developer Colin LeMahieu’s Github repository. The desktop wallet is available for Windows, Mac OS X and Linux. A web wallet is also available at nanowallet.io.
Nano is available as a trading pair at many cryptocurrency exchanges. To purchase Nano, you need to first purchase another cryptocurrency such as BTC/ETH/LTC and deposit it at your exchange of choice. Then you would sell that currency for NANO at the prevailing market price.
Are you a merchant who would like to accept Nano at your physical or online store? Many Nano users have a large amount of discretionary spending power, given the rapid rise of the currency. What could be better than a feeless, chargeback-free payment method supported by many e-commerce platforms?