Nano Launches Upgrade to V20 Lydia

“Lydia has arrived on the Nano network — V20 of the Nano node brings a host of fresh optimizations and updates, making the network even more efficient and laying the foundation for important future features.” Read More — Graham Cull, Communications Team

Summary

The latest Nano node release brings a fresh collection of new features and improvements. With over 200 issues and pull requests as part of the release, there are significant improvements across the board.

Key upgrades include less setup from node operators, a migration to .toml config files, Proof-of-Work regeneration outside the development wallet, RocksDB experimental support, active elections and optimizations, and infrastructure for the PoW transition.

Performance improvements include vote caching, batched confirmation requests, confirmation optimizations, PoW prioritization and bootstrap improvements that reduce the time to download/process the entire ledger.

Significance

Lydia is helping make the Nano network more capable and more accessible. This design helps to tackle the emergent centralization issues seen in other currencies and allows more flexibility in who, how, and where costs related to a transaction are managed. It includes a completely new PoW algorithm, uniquely designed to reflect the speed and latency requirements of the protocol. Energy consumption is lower for an equivalent difficulty level and there are improvements that focus on reducing bandwidth and optimizing the confirmation process. When combined, these performance improvements result in higher transaction throughput.

Price at the time of Blockfolio Signal: $1.02. View NANO on Blockfolio.