Nano is the new name (rebranded in January 2018) for RaiBlocks, which was launched in 2015 for the first time. With Nano, each account gets its blockchain (contains the balance and transaction history), which provides the opportunity for each user to verify their transaction through the computational power of their device. The transactions are secured and are going through immediately. This makes Nano a currency that is easy to use for everyday needs. The reason why this is possible is that the wallets have anti-spam Proof of work after each transaction is sent. The fact that every transaction is processed independently prevents the block-size issues (i.e., waiting in a queue) that other coins face. Another advantage is that there are no fees – this, combined with the fact that it can process more than 1000 transactions than older coins (like Bitcoin), make Nano an easy choice. Nanotokens have a total circulation of 80 million and the features are ideal for peer-to-peer transactions as the platform requires minimal resources, including no requirement for powerful mining hardware.