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Created in 2015 by Colin LeMahieu under the name RaiBlocks, Nano is a fast, low-latency payment system designed to run with very limited resource requirements, which makes it well-suited for peer-to-peer use. In Nano, every account runs its own blockchain within a broader directed acyclic graph. Verification is handled by the computational work contributed by each participant for their own transactions, so the whole network doesn’t have to update the shared ledger simultaneously in large blocks.
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