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What do smart people think about NANO (Formerly Raiblocks)? It also uses a DAG scheme and has fast transactions with no fees, and it's already decentralized.
by rthomas6 9y ago
What do smart people think about NANO (Formerly Raiblocks)? It also uses a DAG scheme and has fast transactions with no fees, and it's already decentralized.
- rileyphone 9y agoImportant to note is that Nano isn't really a DAG, but rather a block lattice - essentially every account has it's own chain of transactions that are verified by nodes. Additionally, each transaction is actually two, a 'send' and a 'receive', each mentioning the other address, amount, and preceding block to prevent double sends/receives. The only problem in this article shared with Nano is the ability to spam the network, but there is a small PoW associated with each transaction to slow this down.