Published on Feb 21, 2020
Nano Web Wallet is the official online, light wallet for Nano. With the online wallet, you are in control of your funds without having to download the ledger.
Launched in 2015 by Colin LeMahieu as RaiBlocks, Nano is a low-latency payment platform that requires minimal resources; making Nano ideal for peer-to-peer transactions.
Recently, high demand and limited scalability have increased the average transaction times and fees in popular cryptocurrencies, yielding an unsatisfactory experience. Here we introduce Nano, a cryptocurrency with a novel block-lattice architecture where each account has its own blockchain, delivering near instantaneous transaction speed and unlimited scalability. Each user has their own blockchain, allowing them to update it asynchronously to the rest of the network, resulting in fast transactions with minimal overhead. Transactions keep track of account balances rather than transaction amounts, allowing aggressive database pruning without compromising security. To date, the Nano network has processed 4.2 million transactions with an unpruned ledger size of only 1.7GB. Nano’s feeless, split-second transactions make it the premier cryptocurrency for consumer transactions.
Nano transactions happen immediately, so it's a currency you can use every day for purchases large or small.
Pay for the purchase, not the privilege – zero fees on whatever you buy, from bus ticket to business class flight.
Nano can process over 1000x more transactions per second than Bitcoin, so you'll never get stuck in a queue.
With Nano, each account has their own blockchain 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.
Wallets pre-cache the anti-spam Proof of Work for the next transaction once a transaction is sent, making transactions instantaneous, as both sides have the proof of work ready to go.
Because the protocol is incredibly lightweight and running a node costs next to nothing, Nano’s transactions are processed with no fees.
One transaction fits within a single UDP packet, and transactions are handled independently, eliminating any block size issue
