When did Colin LeMahieu begin developing RaiBlocks?
Colin LeMahieu began developing RaiBlocks in 2014 to solve Bitcoin's scalability issues. He launched the project publicly in October 2015 with a unique distribution strategy.
Questions about Nano (cryptocurrency)
Short answers, pulled from the story.
What is the total supply of Nano tokens after the developer fund was added?
The total supply settled at 133,248,297 RaiBlocks after adding a developer fund of 7 million units. The organization changed its name from RaiBlocks to Nano during 2018 and fixed this supply cap permanently.
How does the voting mechanism work on the Nano network?
Nodes vote on which transactions to confirm based on their currency holdings. When two contradictory transactions appear, nodes cast votes until one reaches 67% of total voting power.
What happened to Italian exchange BitGrail on the 9th of February 2018?
Italian exchange BitGrail announced a massive security breach on the 9th of February 2018 where users lost access to assets worth 17 million Nano tokens. Courts ruled the exchange guilty in January 2019 for failing safeguards and police alleged fraud was committed by the founder.
Why did the organization change its name from RaiBlocks to Nano?
The organization changed its name from RaiBlocks to Nano during 2018 to clarify the project's identity and long-term vision. Developers maintained the same underlying technology while updating public communications and fixing the total supply cap at 133,248,297 units.