Question 1

What is it?

Accepted Answer

**Nano (XNO):**
Nano, formerly known as RaiBlocks, is a decentralized, sustainable, and secure next-generation digital currency focused on addressing the inefficiencies present in existing cryptocurrencies. It operates on a unique block-lattice architecture where each account has its blockchain, allowing for immediate transaction processing and scalability.

**Platform/Project:**
The Nano network aims to offer instant transactions without fees and with unlimited scalability. One of its distinctive features is its efficient consensus mechanism called Open Representative Voting (ORV). In ORV, representatives are voted on by the Nano coin owners, ensuring decentralization, and the main role of these representatives is to verify transaction validity on the network.

Question 2

What is it used for?

Accepted Answer

Nano is primarily used for peer-to-peer transactions, serving as a medium of exchange. Due to its fee-less and instant transaction attributes, it has gained traction in microtransactions and situations where transaction costs from other cryptocurrencies might be prohibitive. Additionally, as the Nano protocol is lightweight, it's also been adopted in areas where computational resources may be limited.

Question 3

Who created it?

Accepted Answer

Nano was created by Colin LeMahieu. He introduced the currency in 2015 with the goal of addressing the shortcomings he saw in existing cryptocurrency designs, particularly around issues of scalability and fees.

***Although 'XNO' was the ticker assigned at the deployment of the Nano token's smart contract, it is already in use by another asset that has a larger market presence and higher trading volume on major exchanges. Due to this pre-existing association and to avoid confusion in the marketplace, the alternative ticker 'NANO' has been adopted for this token. This designation is specifically used to ensure that assets are distinctly identified.***

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	NANO-USDT XNOUSDT	binance	AA	0.3070USDT	-2.85%	1,272,048.31NANO	6,145	0.3160USDT	0.3520USDT
2	NANO-USD NANOUSD	kraken	AA	0.3306USD	-0.49%	146,895.96NANO	349	0.3323USD	0.3520USD
3	NANO-USDT XNO-USDT	kucoin	BB	0.3216USDT	-7.48%	43,795.44NANO	1,173	0.3476USDT	0.3523USDT
4	NANO-EUR NANOEUR	kraken	AA	0.2906EUR	-3.85%	18,867.47NANO	89	0.3023EUR	0.3150EUR
5	NANO-USDT NANO_USDT	gateio	A	0.3254USDT	-8.00%	11,238.87NANO	303	0.3537USDT	0.3537USDT
6	NANO-USD XNO_USD	cryptodotcom	AA	0.3182USD	-4.44%	10,347.50NANO	98	0.3330USD	0.3505USD
7	NANO-EUR NANOEUR	bit2me	B	0.2910EUR	-3.75%	18,805.23NANO	88	0.3023EUR	0.3150EUR
8	NANO-USDT XNOUSDT	binanceusa	B	0.3130USDT	-0.32%	2,365.65NANO	21	0.3140USDT	0.3469USDT
9	NANO-USDT XNOUSDT	hitbtc	E	0.3900USDT	0.00%	0NANO	0	0.3900USDT	0.3900USDT
10	NANO-BTC XNOBTC	hitbtc	E	0.0₅7120BTC	0.00%	0NANO	0	0.0₅7120BTC	0.0₅7120BTC