How does Nano coin work?

Another groundbreaking feature of Nano is its utilization of a directed acyclic graph (DAG) data structure. This innovative approach enables Nano to achieve scalability and decentralization without compromising on security.

Nano, a revolutionary cryptocurrency, incorporates a unique block-lattice data structure that revolutionizes the way transactions are stored. Each account within the Nano network maintains its own individual blockchain, ensuring a high level of efficiency and scalability.

This design allows for parallel processing of transactions, as each blockchain operates independently. This eliminates the need for all nodes to process every single transaction, significantly reducing the time required for confirmations and enhancing the overall speed of the network.

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In Nano's DAG structure, each "block" comprises a single transaction and the updated balance of the respective account. This design minimizes data redundancy and simplifies the verification process, further enhancing the network's performance.