Nano is cryptocurrency that focuses on payments. It is possible to send Nano from one wallet to another wallet without any costs. In addition, the transaction time is less than ten seconds. Fast and free of charge. Nano that was first known as RaiBlocks (XRB) is in that respect comparable to IOTA that is also fast and free of charge. The two projects also use the same technology, "Directed Acyclic Graph" better known as Tangle. However, Nano is purely focused on payments between people as opposed to IOTA that focuses on payments between machines. Nano's motto is "Do one thing, and do it well" as follows.
NANO founded in 2015 and located in America, counts 10 team members at the time of writing.
NANO, unlike many other cryptocurrency projects, uses Tangle or Directed Acyclic Graph technology. This technology is highly scalable, a feature that blockchain technology does not have until now without giving up decentralization.
The NANO, which was then still called XRB, were distributed to people by means of a Catchpa during the establishment. People who completed the Catchpa received XRB as a reward for this. The distribution was stopped after the targets were achieved. Of the 133 million NANO, around 5.9 million (4.4%) are in the hands of the developers. The rest is distributed among the community.