Nano is an instant and feeless payment system build on innovative block-lattice architecture instead of standard
blockchain one. In fact, block-lattice represents a specific arrangement of blockchains, where one is linked to user’s private key and other
blockchain is used by peer network. This architecture extends its scalability and reduces transaction speed. Main components of Nano are: account, node, ledger and block. Account is shared with peers and same user can possess multiple accounts, each of them serving as unique public key. Node is a part of decentralized environment and it represents a software product which is used for performing transactions. These transactions are also called blocks, which are structured in a global chain – ledger. Nano was previously known as RaiBlocks and it was recently rebranded.