Weekly Nano Update: 10/1/18

Lawsuit Update, Version 16.1 Released and Live on InvestFeed

Brola v Nano Lawsuit Update

We are pleased to announce that the legal complaint against members of the Nano Foundation has been withdrawn by the plaintiff due to a determination that the case lacked merit. The Nano Foundation maintains its support for the Bitgrail victims in pursuit of their claims in the existing bankruptcy proceedings in Italy. The Foundation looks forward to continuing to work alongside the Nano community towards the goal of making Nano a universally accepted global currency.

Version 16.1 released

Version 16.1 of the Nano node software was released Saturday evening. Initial feedback from the community is extremely positive, the syncing issues with v16.0 appear to be resolved. As more representatives update to v16.1, we will be tracking the Vote by Hash feature to assure it is functioning correctly.

As always, a big thank you to everyone running nodes on the beta and main network who assisted with testing and troubleshooting.

We now look ahead to v17, which includes the major feature “Lazy Bootstrapping.” For a recap on this feature, we can revisit a previous update:

Right now a block may get voted on thousands of times during its lifetime by nodes that don’t actually care about the block or chain it’s on — and further, they’ll vote on other blocks which reference it indirectly, leading to thousands more votes by proxy! Instead, passively listening for blocks and actively pulling down only chains which a node cares about by requesting their frontier and receiving votes on them validates not just the chain but all blocks in all chains which have sent to this account from the latest sending block for which we have received (since that receive was voted on and accepted, the sending block must have also been voted on and accepted, and thus all blocks down in the senders chain must be valid). This allows accounts to chain to the Genesis block of the network with minimal ad-hoc votes, and only if a node is interested in that account in the future! Real-time voting will be entirely passive. This means that most blocks will be voted on directly exactly once, resulting in a drastic reduction in, ultimately, wasted votes! This reduction in bootstrapping will result in less voting, and less peer-to-peer traffic as nodes become largely passive on the network. It will also reduce disk I/O significantly. The mechanism for this is called Lazy Bootstrapping and it should be available in the very near future.

Live on Investfeed

Nano now has its own official page on InvestFeed, a social media platform designed for blockchain enthusiasts giving access to real-time coin data and allowing users to discover the latest blockchain projects.

This provides us with yet another platform to share news and updates with the community. Thanks to the InvestFeed team for assisting us with the setup as well as procuring us the Nano username.

We will be sharing all posts (starting with this one!), articles and information related to the Nano project, so be sure to subscribe!