Nano On A Roll, Releases New Updates And CoinGate Announces Its Support

by | Dec 21, 2018 | Cryptocurrency, Cryptocurrency News

Nano | Coingate | update

Nano News: Since its origin as RaiBlocks (XRB), NANO has been leaping both in terms of development and earning recognition. The network welcomes two good news this week, for one it released a major update and CoinGate, a popular payment processing platform announces its support by stores in over 100 countries.

NANO has been unstoppable, especially after its rebranding, growing its credibility amongst technology experts and authorities and building a very solid and active community around it. Andy Johnson, public relations coordinator for NANO 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”.

Nano’s new version

The New version is focused on three fundamental lines of development:

Bootstrapping

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.

RPC stability

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.

Reduced Resource Usage

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.

Support from CoinGate

Adding on to the accomplishments of NANO, Coingate announced that the users will be able to use Nano in all the affiliated shops:

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

Arshmeet Hora

The idea of expressing one’s views and reviews through words is beyond intriguing. What started as a creative let out has now become a passion and a profession for Arshmeet K Hora. In her own words ” with every word, every article that I write, my passion towards this medium has grown stronger.”  Arshmeet covers latest crypto news and updates as well as what happening new revolving around Blockchain Technology.

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