Nano

Nano, trading under the symbol XNO, is a Layer 1 cryptocurrency designed to function as a fast, feeless medium of exchange for everyday payments. It addresses the problem of slow and costly transactions that have limited the practical use of earlier cryptocurrencies, targeting anyone who wants to transfer value quickly without paying a fee to do so. The project describes its sole purpose as being a high-performance payment currency rather than a general-purpose programmable platform.

Rather than a conventional blockchain, Nano uses a block-lattice data structure, a form of Directed Acyclic Graph in which each account maintains its own chain of blocks, allowing transactions to be processed in parallel rather than sequentially. Consensus is reached through Open Representative Voting, a mechanism in which account holders delegate their balance weight to representatives who vote to resolve any conflicting transactions, without requiring coin holders to lock up their XNO or earn inflationary rewards. The XNO token is the unit transferred directly between accounts and has no other programmatic role inside the protocol.

Nano by design collects no transaction fees from senders or receivers, and no fees are distributed to validators, representatives, or any protocol treasury. This means that the fee-based measures commonly found on this site, such as fee revenue or protocol earnings, are structurally zero and not applicable to Nano rather than reflective of low activity. The dilution overhang stands at 0.0 percent point-in-time, and the fully diluted value equals the market cap exactly, because the entire maximum supply of 133,248,297 XNO is already in circulation and no new issuance is scheduled.