XNO

Nano addresses key inefficiencies in existing financial systems and traditional cryptocurrencies. It tackles high transaction fees and slow processing times, offering instant and feeless transfers. Critically, Nano solves the significant environmental impact of energy-intensive mining by employing an innovative, non-mining consensus mechanism. This makes Nano a sustainable and accessible payment solution for a global economy, enabling efficient peer-to-peer value transfer with minimal resource usage and a tiny infrastructure footprint, unlike many other digital assets.

Nano is powered by a unique combination of a Directed Acyclic Graph (DAG) data structure and its Open Representative Voting (ORV) consensus mechanism. The DAG is implemented as a Block Lattice, giving each account its own blockchain, which allows transactions to be processed asynchronously and in parallel for unmatched speed. ORV is a leaderless, Byzantine Fault Tolerant (BFT) system where users delegate their voting weight to representatives who confirm transactions. This design eliminates the need for mining and on-chain fees, making Nano (xno) a highly efficient and scalable digital currency.

Nano eliminates transaction fees through its Open Representative Voting consensus, where representatives validate transactions based on delegated voting weight rather than fee incentives. Security is maintained through cryptographic signatures on every transaction and economic incentives preventing malicious behavior, representatives risk devaluation of their Nano holdings if they attack the network they help secure. This model achieves security equivalent to proof-of-work systems without energy consumption.

Nano's block-lattice architecture enables parallel transaction processing, as each account chain updates independently. Benchmark tests have demonstrated 1,000+ transactions per second on the live network. Unlike single-chain systems, Nano has no theoretical throughput limit since transactions don't compete for block space. Actual throughput is limited by network bandwidth and hardware capabilities of representative nodes.

Nano consumes 0.000112 kWh per transaction, 6.4 million times more efficient than Bitcoin, due to its voting-based consensus eliminating mining. The entire network runs on energy equivalent to 12 US households. This efficiency stems from Nano's lightweight protocol design, which requires only cryptographic signatures and network propagation for transactions.

If your delegated representative goes offline, your funds remain secure and accessible, but your voting weight becomes inactive. You can immediately redelegate to an online representative through any wallet transaction. The network continues operating normally since only a quorum (66%) of online voting weight is required for consensus. Representatives typically maintain >99.9% uptime to retain delegated weight.

Nano employs dynamic Proof-of-Work (dPoW) where the work difficulty automatically adjusts based on network load. During normal conditions, minimal computational work is required. During spam attacks, the required work increases exponentially, making spam economically impractical. Each transaction also requires separate work computation for send and receive blocks, doubling the spam cost. These mechanisms protect the network while maintaining feeless legitimate transactions.