News

With the aim of updating our website to be more in line with the volunteer, collaborative model that we now operate, we’ve updated the Nano Foundation page! 

The V27 beta testing has entered its fourth round, as announced by gr0vity in the Discord channel on July 9.

"Beta testing for V27 continues. This addresses some issues identified in previous rounds mainly when using RocksDB backend. During this phase of testing, we continue to focus on confirmation times and overall system stability as we move closer to the Release Candidate (RC) phase."

So far, results have been positive, with improved performance for transaction confirmations and bootstrapping nodes even facing a high load of transactions, simulating "spam." The nano developer and beta tester gr0vity also reported some of these improvements on the same day.

"I did some testing on confirmation durations with 100 additional bootstrapping nodes.

You can see that the additional bootstrapping nodes have no negative impact on confirmation durations. This shows that we successfully met our target for V27, which aimed to ensure priority blocks confirm quickly even under spam conditions. In all tested situations, the median confirmation duration is around 1 second.

Previously, similar tests on V26 resulted in extended confirmation times for priority blocks, exceeding 15 seconds most of the time. However, there still is an impact on throughput with additional nodes, which drops from ~350cps to ~80cps. This will be addressed in an upcoming version via traffic shaping and a redesign of the network topology."

He also explained that these tests were using a single bucket of transactions.

The beta testing continues, and everyone is welcome to take part in the tests before the final release.

Missed the recent Nano Weekly Dev Space from the 9th of July 2024? 

Get up to date with the latest XNO developments via YouTube here!

What a milestone! The nano network has now successfully processed over 200,000,000 blocks! Yes, that is two hundred million! This achievement underscores nano’s efficiency, scalability, and ability to provide fast, fee-free transactions.

Nano has consistently demonstrated its value as a fast, secure, and eco-friendly digital currency. Crossing the 200 million block threshold is a testament to the network’s robust architecture and the community's active participation.

A big thank you to all the people that have not only helped to build such an efficient network, but also those that have used nano to send and receive money globally. As nano continues to evolve, the focus remains on enhancing user experience, expanding adoption, and exploring new use cases for fee-free, instant transactions.

The milestone of 200 million blocks is just the beginning. We're ready for the next 100 million blocks and beyond!

Accepting payments in nano as a business can be as simple as setting up a self-custody wallet and properly communicating it. However, doubts can arise about how to liquidate or make this XNO circulate.

Community contributor Vini Barbosa addresses this topic in this article: "How to Accept Payments in Nano as a Business and Avoid Fiat Ramps."

I have been accepting payments in nano (ticker: XNO, symbol: Ӿ) since 2020, and while onboarding others to do the same, one of the most recurring concerns he identified is "How to properly off-ramp to fiat currencies to save, spend, or pay for business costs?" This is a fair concern, which I want to address in this article.

TL;DR: You won't need to off-ramp most of the time. Or, at least, that's the general idea: Avoiding on-ramps and off-ramps as much as possible.

An academic research team from India published a paper sharing a Methodology for Developing an IoT Parking Space Counter System using Nano (XNO). Here they give us an overview of this methodology with full paper linked at the end, with thanks to the Department of Computer Science and Engineering at Osmania University.

Gustav Schauwecker officially announced RsNano, a working nano node written in 100% Rust, after two years of intensive work and development.

Gustav ported the C++ nano-node and has streamed part of the process on his YouTube channel, with a special stream celebrating this announcement on May 28.

However, there is still more work to do before the node is officially launched for public testing. You can read more about the missing pieces and next steps in this blog post.

"So what’s next? Of course all of those missing features have to be implemented in Rust. Also the RsNano code repository is currently 200 commits behind the C++ repository. This will be the focus for the next weeks. Then, shortly after V27 is released, I’m going to release RsNano 1.0-alpha for public testing, which will be equivalent to V27." - Gustav Schauwecker

RsNano@GitHub: https://github.com/simpago/rsnano-node

Cake Wallet implemented nano-gpt.com in its marketplace on May 12.

NanoGPT is an AI pay-per-use service that allows users to access ChatGPT-4, Dall-E 3, Claude 3 Opus, and other premium subscription AIs with payments using nano (ticker: XNO, symbol Ӿ).

 “AI chatbots have become very popular and, in Cake Wallet, we believe cryptocurrencies like the ones supported by the app can be a great way to open up access for them [AI chatbots], more efficiently and privately  – as we are fully committed to these attributes as a company. Also,  nano is perfect for this micropayment use case due to having zero fees.”
- Vik Sharma, founder of Cake Wallet, for Finbold

Mira Hurley, founder of NanoGPT, was giving away some nano in a post on 𝕏 - for Cake Wallet users to try the app for free.

The Wodo Network announced the implementation of nano (ticker: XNO, symbol: Ӿ) to the Wodo Wallet on April 26.

As reported in the announcement, this implementation allows nano users to access an exclusive gaming store and over 60,000 outlets.

Community contributor Enaanapu Gabriel hosted the first Nano Networking Meetup in Nigeria, called "First African Merchant Meetup." Now, he shares his experience and vision related to the event in this article.

Nano has a fairly unique decentralization and consensus mechanism with the Open Representative Voting (ORV). Each owner, according to their liquid share of XNO's total supply, can actively determine whether the network has a more or less decentralized consensus.

This creates very interesting dynamics with an innovative game theory and decentralization incentives, which Vini Barbosa addresses in this article.

We announce the full release of nano node V26.1 Tremissis - an upgrade that significantly improves network efficiency and resiliency, particularly during adverse network conditions like heavy spam.

What's in V26?

• Vote Hinting Improvements
• Improved bootstrapping performance for some slower nodes
• Server-side support for up to 255 votes per message
• Server-side support for frontier scanning
• Miscellaneous cleanup items

Read more here:
https://nano.org/en/blog/v26-tremissis-is-live--cfe82d5d 

Read this fantastic article by community contributor 'monram,' exploring the benefits of nano cutting our cost of living.

"If each of us stopped for a few minutes to reflect about our relationship with money in our daily lives, thinking of money itself as a means to cutting our cost of living would hardly cross anyone’s mind. Partly because we’ve been taught to think of shenanigans like inflation as pretty much a given, and partly because we live in a world riddled with rent-seeking middlemen whom, whenever there’s a payment to be made, will come out of the woodwork to try to get their cut.

But what if money could actually be engineered in such a way that it would cut our living costs by letting us bypass debasement, fees, and even borders? What if I told you this form of money already exists and has been in circulation for a few years?"

While platforms like ChatGPT-4 offer a treasure trove of knowledge and assistance in various domains, the cost and payment options can be a barrier for many. Nano democratizes this access, allowing people to pay only for what they use.

In this article, Senatus dives into how they leveraged Nano to make ChatGPT-4 accessible to a broader audience. Whether you're a tech enthusiast, an educator, or someone looking to stretch your dollar while making efficient use of AI and crypto, read on!

The Nano Community Programme has evolved, and now, more than ever, we need every community member's support and activity to increase nano awareness and adoption worldwide. In this article, Nano Foundation's Community Lead Vini Barbosa guides you through a meet-up structure idea that anyone can reproduce anywhere in the world — just like sending and receiving nano (XNO).

Building circular economies is one of our most important goals to foment real-world adoption of nano as a currency. A circular economy exists when entities can directly spend the coins they earned with another participant, and so on.

For that, I introduce you to the Nano Networking meet-up proposed structure. This should be a general guide for the first steps of organizing a local meet-up aiming to build circular economies worldwide.

By following this guide, all nano community members will be able to host their local nano networking meet-ups and become leaders (or ambassadors) locally.

It's with a touch of sadness that the creator of a long-running project, Nanocafe.cc, active for nearly three years since its inception during the raiblocks era, has announced its closure. Despite the creator's self-professed limited programming skills, the project has thrived, a testament to the power of determination and community support. 

In a gesture of gratitude and to boost network awareness one last time, a final giveaway is planned, with details to be announced. Nanocafe.cc, which has significantly contributed to the Nano network, reaching over 80,000 unique users and operating as a non-profit, will leave its domain and open-source materials on GitHub available for anyone interested in continuing the journey.

The creator, u/Saizo, expresses immense pride in the project's achievements and heartfelt appreciation for the relationships and learning experiences gained through this venture