This article was first published on Metal
If you read our announcement about Nano (NANO) joining the Metal Pay Marketplace, you might have heard about its unique “block lattice” design. But what exactly is block lattice, how is it different from blockchain, and what are the advantages and/or disadvantages of this type of cryptocurrency? In this Metal Pay University lesson, we’ll explore everything there is to know about block lattice in simple, easy-to-digest language that will leave you feeling informed and ready to make decisions. Let’s get started.
What is block lattice?
Thankfully, most cryptocurrency terms use words that already have common definitions to signal what they might mean, and block lattice is no different. The first step to understanding block lattice begins with breaking it down into its two components: block and lattice.
One common definition of block is “a large quantity or allocation of things regarded as a unit.” For cryptocurrency, this makes sense: blocks are how we organize information about transactions, account balances, and price histories. When we talk about blockchain, we mean exactly that: a sequential chain of information separated into blocks or chunks.
You’ve probably seen a lattice structure in the real world; this is a design of interlaced strips or segments, often seen in chain-link fences, mesh nets, and even spider webs. In cryptocurrency, the word lattice is used to signal that something is a separate, self-contained network.
Putting these definitions together, we can see that a block lattice structure in cryptocurrency is a series of chunks of information about transactions and balances (blocks) organized into a separate, interwoven structure (lattice) independent of other accounts.
How is block lattice different from blockchain?
You’ve no doubt heard of blockchain; most cryptocurrencies are centered around this design, and the technology holds promise for a growing number of industries. An important distinction between ...
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