The aim of Nano is to become the world’s next digital currency, is celebrating the withdrawal of its Brola lawsuit by implementing a new update and going live on investFeed, as was announced on 1st October. Previously called Railblocks, Nano is one of the original digital currencies which provided the public with a respite from the economic and political turmoil in countries such as Venezuela and Zimbabwe. The digital currency is environmentally friendly, evenly distributed and has recently had a pretty decent good week after launching an update and getting their official page listed on investFeed! The news regarding the update intends to fix some of the urgent issues that needed to be looked at on the previous versions after the announcement that the lawsuit against its foundation had been withdrawn.After a press release, the company had announced that the plaintiff had withdrawn the legal complaint against members of the Nano Foundation. This is because of the reasons that the case didn’t have enough merit to be continued. The US-based law firm, Silver Miller filed a class action lawsuit against Nano on behalf of the investors involved and claimed that both Nano and the minds on its main team violated federal security laws. In the lawsuit, it is said that Nano pushed to bring in XRB to investors through a cryptocurrency exchange in Italy called BitGrail. This is where over $170 million of the investors’ XRB were reported stolen in February earlier in the year.Essential updatesLooking into the issues with their previous versions - most notably v16.0 which saw most of the users heading back to the comfort of the much more stable v15.2 - the company has finally finished the development of its latest version v16.1.The latest version on the Nano node software, released last week on 29th September was received by users with mostly positive responses. With the release, the company announced that the next version would include a feature named ‘Lazy Bootstrapping’.
“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.”
Robert first came across Bitcoin in 2016 during a meetup in Belgium, and has been hooked ever since. With a background in Economics, you can find Robert frequently looking at the Twitter feed of the SEC for any regulatory updates relating to Bitcoin and Crypto in general.
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