Nano (formerly RaiBlocks) is a decentralized, sustainable, and secure next-generation digital currency focused on addressing the inefficiencies present in existing cryptocurrencies. The efficient and lightweight nature of Nano allows everyone, including individuals in emerging economies to easily participate in local and global economies with a low barrier of entry. Nano provides an intuitive experience that feels like digital currency should - no fuss, no fees, no wait. The speed of Nano transactions provides broad utility across a wide spectrum of financial applications. With a fully distributed supply, bridging opportunities such as foreign exchange transactions and fast cross-border transfers can be confidently facilitated over a decentralized network.
Designed to solve peer to peer transfer of value, Nano aims to revolutionize the world economy through an ultrafast, fee-less and decentralized network that is open and accessible to everyone.
Simple & Easy to Use - By focusing on transferring value as efficiently as possible, Nano provides options for users and services to easily access the empowering and cost-saving qualities of cryptocurrency. With ultrafast and fee-less transactions, there is no calculating gas or transaction costs - just pick an amount and send. Well designed and intuitive community wallets make sending and receiving simple and easy to understand. The Nano user experience is built to allow people in both developed and developing worlds to participate in economies on their own terms.
Each component of the protocol was created with the long term goals of decentralization and accessibility in mind. The network is sustainably secured, without the need for miners and wasteful energy expenditure, by an Open Representative Voting system exclusively controlled by the users. The digital mobility of Nano’s decentralization allows it to grow in a manner free from geographical and political pressures. Representatives are incentivized by indirect, operational cost savings. This removes one of the factors driving centralization in other systems because participants are not encouraged to interact beyond their direct needs and supporting the network, and thus economies of scale become less critical.
Having confidence that buying power can’t be diluted by any central entities is important for any true currency. Nano’s full and fair distribution, along with its focus on long-term decentralization, provides protection from centralized forces impacting its ability to capture, retain and transfer value.