Skip to content

Commit

Permalink
Update introduction.md
Browse files Browse the repository at this point in the history
Adding updated source for block count
  • Loading branch information
qwahzi authored Oct 11, 2024
1 parent abfb53b commit d6b2b78
Showing 1 changed file with 2 additions and 1 deletion.
3 changes: 2 additions & 1 deletion docs/protocol-design/introduction.md
Original file line number Diff line number Diff line change
Expand Up @@ -22,7 +22,7 @@ Since Bitcoin's release in 2009, there has been a growing shift away from tradit

Nano is a low-latency, feeless, scalable, and environmentally friendly cryptocurrency that improves on many of Bitcoin's core properties via unique design decisions. For example, each Nano user has their own blockchain, allowing them to update their chain asynchronously vs other transactions on the network, resulting in fast transactions with minimal overhead. Transactions keep track of account balances rather than transaction amounts, allowing aggressive database pruning without compromising security. Consensus is maintained by [Open Representative Voting (ORV)](../protocol-design/orv-consensus.md), which facilitates irreversible finality (full-settlement). User-selected representative nodes vote on each transaction, and every node independently [cements](../glossary.md#cementing) each transaction after seeing enough representative votes to achieve [quorum](../glossary.md#quorum).

As of October 2024, the Nano network has processed more than 200 million transactions. Average transaction confirmation time during typical network conditions is <0.5 seconds [^2]. The production network has seen traffic as high as 161 CPS (80.5-161 TPS), while the beta network has achieved >1800 CPS (900-1800 TPS) [^3]. Nano’s feeless, split-second transactions make it an ideal cryptocurrency for consumer transactions, while also maintaining decentralization, censorship-resistance, and self-sovereignty.
As of October 2024, the Nano network has processed more than 200 million transactions [^13]. Average transaction confirmation time during typical network conditions is <0.5 seconds [^2]. The production network has seen traffic as high as 161 CPS (80.5-161 TPS), while the beta network has achieved >1800 CPS (900-1800 TPS) [^3]. Nano’s feeless, split-second transactions make it an ideal cryptocurrency for consumer transactions, while also maintaining decentralization, censorship-resistance, and self-sovereignty.

## Background

Expand Down Expand Up @@ -55,6 +55,7 @@ The original Nano (RaiBlocks) paper and first beta implementation were published
[^10]: S. D. Lerner, “DagCoin Draft”, 2015. Available: https://bitslog.files.wordpress.com/2015/09/dagcoin-v41.pdf
[^11]: A. Churyumov, “Byteball: A Decentralized System for Storage and Transfer of Value”, 2016. Available: https://obyte.org/Byteball.pdf
[^12]: S. Popov, “The tangle”, 2016. Available: https://assets.ctfassets.net/r1dr6vzfxhev/2t4uxvsIqk0EUau6g2sw0g/45eae33637ca92f85dd9f4a3a218e1ec/iota1_4_3.pdf
[^13]: BlockLattice.io, "Nano Network Status" 2024. [Online]. Available: https://blocklattice.io/network-status

---

Expand Down

0 comments on commit d6b2b78

Please sign in to comment.