NANO is a cryptocurrency that shares the same vision as others - to replace fiat currency. Additionally, the platform seeks to revolutionize the blockchain technology by enabling zero-fee transactions in real time.
Initially named Raiblocks, the platform was created by Colin LeMahieu. It was launched in 2015 as Raiblocks and later rebranded to NANO. This rebranding caused the coin's price to surge 40% in less than 24 hours.