Nano

Nano, trading under the symbol XNO, is a Layer 1 cryptocurrency designed to function as a fast, feeless digital payment network. Its stated purpose is to let anyone transfer value directly to anyone else without paying transaction costs or waiting through slow confirmation times. The project positions itself as a practical everyday payment tool, particularly for people who find conventional transfer fees or delays to be a barrier.

Rather than a single shared chain, Nano uses a block-lattice data structure in which every account maintains its own chain of blocks, and transactions are settled by linking a sending block on one account's chain to a receiving block on the other's. Consensus is reached through Open Representative Voting, a mechanism similar to Proof of Stake in which account holders delegate their balance weight to representatives who vote on conflicting transactions, but without locking XNO or issuing inflationary rewards to participants. Confirmation times are recorded at effectively zero minutes, reflecting the near-instant finality the protocol targets.

Nano by design collects no transaction fees from users, and no fee revenue flows to validators, the protocol, or any treasury. This means the fee-based measures that some research sites publish for other assets — such as fee yield or protocol revenue — do not apply to Nano and would show zero if calculated. The protocol's circulating supply equals its maximum supply of 133,248,297 XNO, both standing at 100% of issuance as of the point-in-time figures stored here, so there is also no new issuance through which participants might be compensated.