Nano is designed to be a low latency, high throughput cryptocurrency and was launched in 2015 by Colin LeMahieu as RaiBlocks. It builds on an analogy from the electrical engineering discipline by equating network consensus to arbiters circuits. This gives Nano an established and well-researched modeling basis for how the system comes to a distributed, egalitarian, and efficient conclusion.
In the Nano system, each account in the system has a blockchain that is controlled only by them, all chains are replicated to all peers in the network, removing block intervals, mining, transaction fees.
Nano can process over 1000x more transactions per second than Bitcoin, so you’ll never get stuck in a queue.