08: Nano / Raiblocks, XRB, Block-lattice, and Directed Acyclic Graph

Today, we’ll be learning all about the cryptocurrency project Nano (previously known as Raiblocks): the Nano network, the XRB token, and how it all works. We’ll delve into the unconventional and creative consensus mechanism behind Nano - a modified form of delegated proof-of-stake (DPoS), the usage of block-lattices and multiple blockchains, and directed acyclic graph (DAG), all of which combine to make Nano a formidable peer-to-peer payment solution that rivals Bitcoin.

All of these technologies and concepts combined make Nano one of the fastest payment systems in existence - processing transactions at a fraction of a second - and incredibly secure…all while giving the user autonomy and control over their XRB tokens.

For a Nano speed test, check out nanospeed.live. Special thanks to Nano community member and representative rockmsockmjesus for providing resources that made this episode possible. You can learn more about their project by visiting nanocenter.org.

NOTE: The Nano community was kind enough to point out a few slip-ups that I want to clarify:
At 5:30 I said that the only two parties needed to validate a transaction are the sender and receiver. For confirmation, the network still needs to vote on the block. At 13:30 I mention UDP. Note that Nano will be switching to TCP soon for better bandwidth throttling and other advantages. At 14:15 I used the OLD ticker, XRB. With the rebranding, the ticker has been changed to NANO. Thanks!
We now have a Twitter page @ECryptoPodcast! Be sure to follow for updates on new episodes and news in the crypto space. You can also submit questions for the weekly Q&A here.

Subscribe and listen on iTunes here.

Subscribe and listen on YouTube here.

Download Episode