announced the release of version 17 of NANO, on December 19, 2018. He noted some significant changes in the network:
“It’s been an incredible journey for v17. As one of our largest releases yet it provides foundational support for future software enhancements alongside the major feature of Lazy Bootstrapping”.
#Boulton is now available!
The inspiration for the name of our v17 release, Matthew Boulton, applied revolutionary modern technology to advance the currency of his time, and $Nano is doing the same!
Check the blog for details on the #Boulton release – https://t.co/yIdnI1h9Ns
— Nano (@nano) December 18, 2018
The New version is focused on three fundamental lines of development:
The article quotes this as “the lazy way”, The Lazy bootstrapping intelligently download the ledger, updating the new blocks, reducing the time it takes to start participating on the network using the Nano node.
With, a node “monitors the real-time network and waits for blocks to be confirmed. Because each account-chain is a blockchain when a block is confirmed, all of the previous blocks on its account-chain are also accepted by the network”. So instead of performing the process every five minutes, the node can bootstrap every hour without any commitment.
This particular update will enable the developers to run commands safer, faster and with greater stability, as many RPC calls have been optimized to avoid some failures or delays in the answers.
Due to the bootstrapping process, version 17, is expected to observe a significant reduction in the bandwidth and the number of resources needed for the proper functioning of the nodes. Also enabling the nodes to handle traffic much more easily.
Adding on to the accomplishments of NANO, Coingate announced that the users will be able to use Nano in all the affiliated shops:
Important announcement: we introduce a new native cryptocurrency on our payment gateway – #NANO! Now, you can use $NANO for purchases online, or you can accept it in your store! Feel excited? Then check our blog for more details! https://t.co/uegv7eAYwP @nano
— CoinGate (@CoinGatecom) December 20, 2018
$Nano is now accepted on the @CoinGatecom payment platform
Direct settlements into EUR and USD, 4,000 registered merchants and 100+ countries worldwide. A solid step towards unlocking the full potential of #Nano as a pure #cryptocurrency!
Find out more: https://t.co/EVaKYavqQ9 pic.twitter.com/7cUwvEkZBu
— Nano (@nano) December 20, 2018
Elaborating their decision payment processing platform stated:
Nano is a global currency developed purely for the purpose of making peer-to-peer payments. As much as we like Bitcoin and Litecoin, this cryptocurrency tackles many of the issues that major cryptocurrencies face.
Here are the main attributes that make it such a unique network:
- Infinitely scalable
- Not mine-able
- Fee-less and extremely quick
- Secured by proof-of-stake
Now, Nano has joined a group of more than 50 tokens that can be used in more than 100 countries worldwide. Not stopping at just this, Nano’s team is currently busy developing Dolphin, version 18 of its software.
Read more: Binance CEO Isn’t Worried For Crytpocurrencies, Bullishly Asserting That 2018 Was Just a Correction
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