Nano is an eco-friendly cryptocurrency that offers fee-less and instantaneous transactions. It is a new currency to be digital and allows simple peer-to-peer transfers of value in use-cases such as remittance, microtransactions and Forex.
Nano is built on a Directed Acyclic Graph (DAG) network structure: Block Lattice. In the Block Lattice, each account has its “own blockchain” to keep track of transactions.
Nano removes inefficiencies over other technologies such as proof of work, mining, or fee-based incentives. Nodes in the network come to agreement using a voting based consensus algorithm. This means there is no massive energy waste as with mining.