A brief record of Nano officially Raiblocks Wallet
Nano Officially called Raiblocks Wallet is a cryptocurrency that focuses on making instant and free transactions. There are several cryptocurrencies out there now with many having practically the exact same operating system, however, what makes Nano different? It is simple, transactions on blockchain can be slow, expensive, and require massive energy. Nano accomplishes this by using its novel-like approach known as the block lattice structure to deliver fast and scalable trades. Each Nano account has its blockchain, which is updated immediately and at Nano Coin Github precisely the same time with different users account to the block lattice. This eliminates the Bitcoin bottleneck where a new block may only be made every ten minutes.
Nano Officially known as Raiblocks Github keeps track of account balances instead of transaction amounts which requires much fewer data. It is much more energy efficient compared to Bitcoin because the protocol is lightweight and doesn't need high powered mining gear. Each transaction requires a send and receive block other to be processed. You have to understand that, though it is said that Nano transactions are fast, however, when you send Nano from an exchange, it may not be as fast as it's going to be when you send from a Nano account to another Nano account.
When Nano came up in twenty-fifteen, they didn't have an ICO however they had a very interesting distribution. Consequently, they actually used a faucet, a capture faucet where individuals will literally go, fill out captures and they will receive Nano Coin Node (that was Raiblocks in the time) for doing so. This was the way they spread the coins. They had catch websites and people were getting tens of thousands Nano tokens, originally RaiBlocks just for filling out a capture faucet. As a result of this, a lot of people got access to Nano coin instead of only the wealthy or those who could manage it.