Nano to Be Listed on BaltEX

BaltEX will list Nano (XNO) on July 10th.

XNO Info

Nano (XNO), originally known as RaiBlocks, is a lightweight cryptocurrency launched in 2015 designed to enable secure, instant payments without fees. It positions itself as a solution to the limitations of traditional financial systems and many modern cryptocurrencies, emphasizing its suitability for the modern digital economy.

Nano operates on a peer-to-peer platform using a unique block-lattice data structure, which allows users to transfer value directly to each other, bypassing centralized intermediaries. Instead of the conventional proof-of-work (PoW) consensus mechanism, Nano employs Open Representative Voting (ORV). In ORV, account holders vote for representatives who confirm transaction blocks, making Nano highly energy-efficient and an eco-friendly alternative to PoW-based cryptocurrencies.

The Nano token, XNO, is designed for rapid transactions, typically achieving finality in less than a second. This speed, combined with fee-less transactions (as representatives aren’t financially compensated), makes Nano particularly suitable for commercial payments and micro-transactions. Nano’s architecture is based on a directed acyclic graph (DAG), differing from traditional blockchain technology. This structure supports scalability and high transaction throughput (up to 1,000 tps) and maintains integrity without an energy-intensive mining network.