The Nano crypto software aims to provide cryptocurrency transactions which are free of any fees. Key to this design is “Block Lattice”, a design where each account has its own blockchain, and when a transaction is made, the owner signs a transaction, updating their ledger, and broadcasts it to the Nano network.
The Nano blockchain does not keep a record of all transactions but looks at and tracks balances on accounts and their transaction amounts, thus differentiating itself from Bitcoin and Ethereum. There, all transactions are recorded and batched into blocks which have a finite capacity. On Nano, Nodes vote on who creates blocks, and thus users don’t have to pay to have their transactions included. Each block contains a proof-of-work component which is used to discourage spam transactions, discouraging users from continuously sending transactions.
Nano price UK history shows the highest value of 8.80 GBP . We recorded this price on May 15, 2021, but we cannot exclude that a higher price was registered before February 12, 2021.