Nano to Release Electrum v.28.2 Upgrade

Nano announced the launch of Electrum v.28.2, focusing on stability improvements and bug fixes. The update enhances database handling and improves bootstrapping reliability. Users are encouraged to upgrade to the latest version through the official documentation.

XNO Info

Nano (XNO), originally known as RaiBlocks, is a lightweight cryptocurrency launched in 2015 designed to enable secure, instant payments without fees. It positions itself as a solution to the limitations of traditional financial systems and many modern cryptocurrencies, emphasizing its suitability for the modern digital economy.

Nano operates on a peer-to-peer platform using a unique block-lattice data structure, which allows users to transfer value directly to each other, bypassing centralized intermediaries. Instead of the conventional proof-of-work (PoW) consensus mechanism, Nano employs Open Representative Voting (ORV). In ORV, account holders vote for representatives who confirm transaction blocks, making Nano highly energy-efficient and an eco-friendly alternative to PoW-based cryptocurrencies.

The Nano token, XNO, is designed for rapid transactions, typically achieving finality in less than a second. This speed, combined with fee-less transactions (as representatives aren’t financially compensated), makes Nano particularly suitable for commercial payments and micro-transactions. Nano’s architecture is based on a directed acyclic graph (DAG), differing from traditional blockchain technology. This structure supports scalability and high transaction throughput (up to 1,000 tps) and maintains integrity without an energy-intensive mining network.