Nano Coin (NANO) is a crypto project that has been focusing its innovations and resources to foster digital currency adoption in the real world. It was launched in 2015 as RaiBlocks but rebranded to Nano (NANO). The platform is a low-latency payment system that consumes the least resources and as a result, Nano has become the epitome of peer-to-peer transactions in the industry.
Nano Coin is a community project and the team makes it easy for the members of the community to communicate their concerns and contribute to the project. Moreover, the community is often encouraged to take part in testing new products, upgrades, and testnests. Recently, Nano (NANO) announced the release of the node version 16.0. The upgrade is already available for download, besides, this version focuses mainly on code cleanup. However, it includes the changes in the Vote by Hash; introduced in version 15.2. The announcement was made on September 11 via Twitter while a detailed version of the release was published on the official Medium account. The announcement reads:
“Version 16.0 of the Nano node software is now available for download. Version 16.0, which focuses primarily on code cleanup, also includes fixes to the Vote by Hash feature added in version 15.2. Thank you to everyone in the community who has assisted with testing v16 on the Nano beta network.”
Why Is Version 16.0 Vital For The Nano-Network?
Nano Coin is already one of the fastest blockchain platforms in the crypto sphere but the changes brought by version 16.0 are geared towards making it even more efficient. For instance, the wallet refactor #1097 has been tested and is running without any issues. Similarly, the community members who participated in the test reported positive feedback while all the checks passed. In addition to that, the development team included changes on RPC Semantics where active blocks have now been excluded from pending RPC. The changes to the Vote by Hash feature is expected to significantly bring down the bandwidth required when executing a Nano node. The Nano version 16.0 is currently being prepared to be added to the mainnet after passing all the beta tests implemented since September 6.
Significantly, this week’ Nano Coin update included a summary of the transactions on Bitcoin Superstore and the Paytomat Pushing Adoption. This comes following Bitcoin Superstore announcement on Saturday where Nano Coin was revealed as the second most used crypto on the platform behind Bitcoin (BTC). This is a big achievement for Nano Coin as it increases mass adoption in order to become a globally used currency.
“The “Most Used” cryptocurrency at http://bitcoinsuperstore.us over the past 10 days was #Bitcoin. Bitcoin made up 35% of all transactions, with the next “Most Used” being #Nano at 20%, #Tron at 17%, & #Litecoin at 8% of all transactions.”
Paytomat, a company that provides POS services is integrating Nano (NANO) into their system. The addition comes after a voting contest conducted by Paytomat. Although Nano came in second, the platform decided to add NANO to its wallet service due to the impressive community support.
Nano Price Overview
Nano (NANO) is up 18.96% in a 24-hour timeframe and trading at $2.01. The token has increased in value significantly recovering from the ashes following the declines that had it trade lows of $1.60. The price approached $2.15 but stalled on losing momentum. There are lower corrections at the time of writing but a support at $2.0 is being established. Nano Coin is a $267 million token that is ranked 31st with a trading volume of $19 million.