2 Nano

Just like IOTA, Nano also works on the DAG . However, the way the transactions take place is entirely different. Nano uses a new technology called block-lattice. This enables Nano to leverage on the DAG but still work like traditional blockchain. In Nano, the nodes represent individual wallets. These nodes are called individual chains. Only the owner of a wallet can make changes to the individual chains. This means that each wallet can be updated asynchronously.



In this network, in order to complete a single transaction, both sender, as well as the receiver, must perform a transaction. The sender signs the funds and sends them, and the receiver signs the received funds in order to mark the transaction as complete. This means that the transaction speed is exceptionally high for nano.

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