How does Nano differ from Bitcoin as a digital currency?

1 answers

• Nov 26, 2021 · 3 years ago
  Nano and Bitcoin are two digital currencies with distinct differences. Nano, also known as RaiBlocks, is designed to be a scalable and feeless cryptocurrency. It uses a block-lattice structure, where each account has its own blockchain, allowing for fast and efficient transactions. On the other hand, Bitcoin is the first and most well-known cryptocurrency, using a traditional blockchain. Bitcoin transactions require fees and can be slower compared to Nano. In terms of scalability, Nano's block-lattice structure allows for better scalability as it doesn't require global consensus for every transaction. In terms of security, both Nano and Bitcoin utilize cryptographic algorithms to secure transactions, but Bitcoin's longer history and larger network make it more secure against attacks. Overall, Nano and Bitcoin offer different approaches to digital currency, with Nano focusing on scalability and feeless transactions, while Bitcoin emphasizes its pioneering role and wider adoption.
  993497