Stories by Nano on Medium

The Nano Foundation takes a step forward on its open-source journey

Nano — Tue, 10 Oct 2023 17:26:49 GMT

Since 2018 The Nano Foundation has executed on its mission to build the most efficient digital currency possible. 8 months ago The Nano Foundation moved to a completely volunteer-led operating model and released our most successful releases to date. This article will bring you along on our journey so far, what has led us towards this change in operating model, and our vision for the future.

In the ever-evolving digital landscape, nano stands out with a vision that is both unique and transformative: to establish a fee-free & sustainable currency that makes digital payments accessible to everyone, everywhere.

Nano is currently the most efficient form of fully distributed digital money with zero network fees, confirmed settlements in 0.4s on average, while the whole network is using the same energy output as a single wind turbine.

A Dual-Pillared Mission

The Nano Foundation has always been driven by two paramount objectives:

Protocol Excellence: Ensuring the continuous development and improvement of a protocol that guarantees secure and efficient fund transfers.
Global Adoption: Promoting nano’s widespread acceptance and bolstering community growth via educational endeavours, a robust online presence, talks, and more.

The Nano Foundation believes that nano is the closest to the digital money vision through its fundamentals, moreso than any other in the space.

Today, we’re here to shed light on the remarkable journey we’ve undertaken and to share exciting insights into our road ahead.

Why we have changed our operating model:

Despite this move always being in the Nano Foundation’s path, it has come a little sooner than wanted. For some time the Nano Foundation was funded through building services for Trustable based on nano’s technology though this endeavour encountered regulatory setbacks. However, instead of succumbing to these challenges, we swiftly adapted. Over the past 8 months, we’ve embraced a volunteering mode, a clear testament to the resilience and passion of our team.

Our decision to transition into volunteer-mode back in March this year as a team underscores the essence of decentralisation and open-source principles within the community. Embracing this shift is crucial for the next phase of the nano ecosystem, with the Nano Foundation cementing that we are just one part of the nano ecosystem, not the nano ecosystem itself.

Why speak now?

We wanted to showcase that a dedicated team, even if small, can sustain and thrive in such a model. Today, we’re reaching out because we believe in the power of collective effort. While we can continue our current trajectory, inviting the community’s involvement can exponentially amplify our impact.

During these 8 months, the following has been achieved by our team of volunteers across different disciplines:

Development

V24 Siglos

This version update focused on improving performance and stability of the nano network, forming the first half of a 2-prong release with V25. V24 contained a multitude of advancements including Unit test stability & clarity along with three major changes designed to improve bootstrap reliability. You can read about V24 Siglos in further detail here >

V25.1 Daric

V25 Daric completed the 2-prong release and included several enhancements that improved the performance and reliability of the nano network. Not only did these changes improve testing, modularity and maintainability of the node codebase but also allows for easier merging of future updates. This release included Ascending Bootstrapper, Optimistic Elections, speeding up the cementing process while introducing a new type of election scheduler, the optimistic scheduler, that operates alongside the default election scheduler. Not only this, other features included in this release were Continuous Backlog Population, Node handshake upgrade and an overhaul of the network’s testing infrastructure enabling faster development & facilitating proactive tweaking. Want to have a deeper dive into V25? Read here >

V26 upcoming

Subject to change, current V26 plans include: splitting the block table, improving election scheduler bucket bounding, and refactoring of the block processing pipeline. These changes will improve the network’s flow control and response under heavy load.

Adoption: Integrations, merchants

Blog pieces:

Alliances & Media

Why does this matter?

What we are trying to highlight is that having moved to a volunteer model internally over 8 months ago, great progress has been made while not diluting our core principles of how we work and why we do what we do. In addition to keeping up our passionate work to further nano in the world, we believe that this model will also have the following benefits long term:

Sustainable Development: In a decentralised ecosystem, relying on a single centralised entity for funding and development can pose a risk to the project’s long-term sustainability. By moving into volunteer-mode, we are trying to ensure that nano development and adoption can continue to thrive, irrespective of changes in funding or leadership. The network has been designed to allow decisions to be made by you, the community, through representative voting. This does not change.

Community Empowerment: Shifting towards a volunteer-based model empowers the broader nano community to take a more active role in the protocol development and maintenance. This not only fosters a sense of ownership but also encourages innovation from diverse perspectives.

Resilience: Decentralised systems are inherently robust and resistant to single points of failure. With a decentralised team of volunteers, nano becomes less vulnerable to disruptions or external pressures, ensuring its resilience in the face of challenges.

Alignment with Principles: It aligns with the core principles of decentralisation and open-source philosophy. Where transparency, collaboration, and community-driven efforts are valued. This move reinforces Nano Foundation’s commitment to these principles.

Global Collaboration: Volunteers from around the world can contribute their expertise, time, and energy to the nano ecosystem and protocol which we have seen time and time again. This global collaboration can lead to a more inclusive and comprehensive development process.

Why don’t you approach VC funding?

It should be known that there are no shares nor equity held behind the Nano Foundation, neither Colin nor George have equity or share ownership behind the non commercial entity structures. This was purposeful and was designed to make sure that personal greed and ego had no place behind any decision we made pertaining to the Nano Foundation and the work we do. Nano is for everyone.

This has meant that a VC funding for our work at the Nano Foundation is impossible, we cannot and shall not give away ownership of the Nano Foundation through shares nor equity to companies or individuals in return for funding. For instance, a well known ‘partnership’ potential for us was nothing of the like behind the scenes — it was a bid to buy ⅓ of the Nano Foundation and explore adding fees to the network and make the gains associated with releasing the news a profit for the company in question. We would not let this happen.

Trustable was pegged to be a vehicle to VC funding however as you are aware, Trustable has had a very difficult time when it comes to the regulatory hurdles it faced in this nascent world and despite the technology existing, the scaling of the entities has been put on hold. This took place at the beginning of the year and despite approaching VC funding for Trustable throughout and since then, the FTX fiasco has soured the taste of those we respect in the VC world, wanting to take a risk on us.

Will you increase the maximum supply of nano in circulation?

We will never, ever try to increase the maximum supply of nano to help fund the Nano Foundation, that is not nano. Additionally, we would not be able to. Nano is decentralised, with no single entity able to push through decisions like this.

Nano is the most efficient form of digital currency through grass-root community movement, our work is not a game to walk away the richest through an exit strategy — nano is an open source, decentralised live monetary network that relies upon its founding principles — adding fees or expanding the supply is not the experiment at hand.

Will the Nano Foundation continue to work without private funding?

Simply, yes. We as a team have shown that we can still produce and evolve the nano protocol and help support the community through our socials over the last 8 months while there has been no payment to the team. Vini joined the team at the start of this transition to help initiate building out and opening up the Community Programme and we look forward to sharing this soon.

What will happen to the remaining Ӿ300,000 in the Dev Fund

We do not want to kick-start a countdown so-to-speak of the last Ӿ300,000 which currently equals $188K so you will see the current funds being moved from the publicly available data — these funds have been loaned against over the year as our US bank of Silvergate was shutdown, not allowing us to liquidate with safe compliance and will be used to repay creditors.

It is pertinent to explain that the Bitgrail trial against Firano will begin this October however the Italian Courts are not as speedy as other jurisdictions when it comes to the pace of the trial. The Nano Foundation is deemed a victim of Firano’s crimes and has to produce Expert Witness testimony on the damages Firano caused through reputation and price action. This will cost approximately 15% of the remaining Dev Fund however will allow the Nano Foundation to lay its claim along with other creditors to the bankruptcy funds held by The Court. No part of the remaining Dev Fund has been designated for the trademark suit against Coinbase.

Moving forward in a far more open-source and transparent model, we plan to build a new page on our official website where specific categories can be donated to, if people wish. These categories will include Infrastructure among others while any spend of these public donations will be shared and transparent for all to see, we feel that this will be much more in line with an open-source operating model which is a new model for the NF. The last transaction of the Dev Fund was a donation of Ӿ10 over 2 years ago >

What does this mean for the Nano Foundation’s future?

Moving to a volunteer model was a necessary step to set up the organisation in a way that has longevity along with following the principles of open-source development. We believe that the organisation, with this move, is taking a step forward to being able to perpetually exist governed by a broad community of nano enthusiasts.

Will development continue?

Yes. Since the team moved to a volunteer mode, V24 and V25 have been successfully released and built upon, with V26 moving along nicely. We have open discussions in Github, on discord and in the Community-Devs channel within the Nano Foundation slack, however, we are looking to open up the latter to being more visible by the wider community soon, the first step being having our weekly developer meeting on a Twitter Space for anyone to listen in to live.

The last two releases have propelled our network throughput as seen in the graph below:

Sustained network performance post-saturation is one benchmark for commercial grade and you can see how our local test networks highlighted a reduced confirmation rate with large unconfirmed transaction backlogs. This challenge has been addressed, with the solution making its debut in the next major V26 release.

Not only this, but Gustav our RsNano developer within the team has been porting the nano node into Rust and over the last 8 months has not only added over 830 commits, grown the Rust Codebase by 13,000 lines of code, uploaded 20 hrs of development live streams he has also replaced the C++ async runtime with Rust meaning all network communication is now handled by Rust!

In the realm of integration testing, Bob has taken on the challenge of streamlining the process to spin up local test networks. These networks serve a dual purpose: they facilitate automated test cases and allow developers to run a range of scenarios on their local machines, providing a quick way to validate new ideas aimed at enhancing the network.

To make use of this, all that is required is installing the nanolab Python library. With a single command, users can then launch a range of test cases. Additionally, each time a new pull request or commit is made to the official nano-node repository, a suite of tests run in parallel on GitHub’s hosted runners.

For those keen on keeping track, a simple dashboard at https://ct.bnano.info provides insights into which pull requests and commits have successfully passed the tests and which haven’t.

The passion & time given to nano development by our team of volunteers is something to be incredibly proud of and has produced remarkable results so far. We look forward to continuing this trajectory.

Will Colin and George continue to work with nano?

Yes, they aren’t going anywhere. They have part-time work through contracting that sustains their livelihoods.

Will nano’s adoption campaign continue without funding?

Nano’s adoption has always been grassroots-driven. The Nano Foundation does not pay for listings nor, like some in the space, spend millions on partnerships that are nothing more than a press release to pump the price. We have never engaged in the dubious practice of “crypto market making” or engaging in sythetic volume to maintain our rankings and believe that the speculative markets will shift to heralding utility first in the future. This does not change with our new model and the focus on building circular economies within emerging economies remains through a vast network of volunteers across the globe including our Ambassadors, CMs and the team itself. You can read about our vision for adoption here >

Will the website and socials under the control of Nano Foundation be kept alive?

Yes. Nothing has changed over the last 8 months while the team has been volunteering and will remain the same moving forward. Educational resources and social media growth will continue to be built upon with the aim of furthering nano’s visibility across the various sectors we exist in. Website development will shift towards adding more information and data pertaining to nano’s open-source development.

What does the push to a more open-source setup look like?

Public Weekly Developer Meetings

On Tuesday, Sep. 26th, we kicked off our public weekly developer meetings. These sessions, presented in the dynamic format of Twitter Spaces, will delve into our current endeavours, challenges, and milestones. Listen to how development decisions are made and the discussions that underpin nano’s protocol evolution >> or read the thorough notes taken by Patrick and posted on reddit here >

Streamlining development inroads

Back in April this year we depreciated the old forum (forum.nano.org) in order to streamline development discussions into one easily accessible place — our Github.

We believe this move has allowed for more active participation and engagement among our users, as well as making it easier to collaborate and share ideas.

With the advent of new sites such as nano.casa which tracks open-source contributions and contributors — it is now even easier to follow along and join in the future development of nano. We are looking to embed this data in the official nano.org website in the very near future while also making a larger focus on open-source development across the official website.

How can I contribute to the nano network?

At the Nano Foundation, we believe there is so much talent, determination and good will in our community and so many valuable contributions that could be made to the network — we made a handy guide for those proficient in C++ which includes the Ten Commandments of the Nano Node. Read in further detail here >

How can I contribute without knowing C++?

Included in this handy guide are seven ways to contribute something new and meaningful to nano node development beyond C++ programming. Although not critical tasks, they are incredibly valuable and are the first step on the pathway that leads to Nano protocol development.

These tasks range from Ledger Formatting to Automatic testing / Continuous integration — there are a plethora of ways to get involved if you are technically-minded but C++ is not your thing. So, if you have the skills and drive to help us realise anything on this list, get in touch via our development Discord.

I’m not technical — how can I contribute to nano’s future?

There are endless possibilities when it comes to how you can support the vision of nano without any technical knowledge, this can range from:

Join the Community Programme and represent your local community or country through being an Ambassador, Community Manager or indeed keeping our social channels a happy and healthy place to have discussions. Email vini@nano.org for more information and join the programme channels on discord.
Are you a student and interested in joining the Nano University Programme? Email aneena@nano.org and start repping at your Uni!
Are you a budding writer and would like to share your work? Contribute to our blog and be published on our official website; whether educational, personal experience or just about nano’s fundamentals — we want to read it & share it! Find out more here >
We have a plethora of social media channels and you can support nano by creating & sharing posts and tweets with your wider circles and online communities. This helps spread the word of nano outside of the bubble we exist in. We have multiple communication channels to partake in discussions online ( r/nanocurrency, Nano Twitter, Nano LinkedIn, Nano Telegram, Nano Discord, Nano GitHub )
Are you an emerging TikTok star? Help us get the nano word out with making videos and sharing the vision of true digital money online!
It is a common misconception that only Nano Foundation can organise listings. As we take a step further onto a more decentralised pathway, it should be known that anyone can reach out to organisations, services, exchanges that they would like to through simply reaching out to them and asking. Exchanges and such want to keep their users happy, and so with enough user support, will add nano. We of course can always provide technical assistance if needed.
Know of a charity that could benefit from accepting nano donations? It is super simple to help set them up and then just let us know so we can share the news far & wide! Read here for simple donation tool instructions > We will also list them on our Nano Hub.
Organise local meetups in your area! This could simply be inviting people to join you at your local cafe or bar and share your ideas. A new handy meetup guide is in the works currently which we look forward to sharing.
We are always in need of translation help to further our global accessibility of information and educational materials — join us here on our Crowdin platform to learn more and dive in!
Prefer to remain in the shadows when it comes to social media? There are many things you can do to help the network such as the simply:
Take custody of your own nano, read how to here >
Choose your representative wisely, read how to here >

Do you have a special skill that you feel we are missing? Let us know and join us!

The vision of Nano Foundation cementing that we are just one part of the nano ecosystem, not the nano ecosystem itself, is being enacted. And it is happening on a foundation of team members that have been around for the past 8 months without pay alongside a network of ambassadors/moderators/enthusiasts that have never been paid. We do this because we truly believe nano is and will continue to make tangible change in the real world as a global digital currency.

Our journey in the volunteering model has been a testament to our conviction to this as shown in detail above. We wanted to showcase that a dedicated team, even if small, can sustain and thrive in such a model as we have done. Today, we’re sharing this because we believe in the power of collective effort. While we can continue our current trajectory, we invite the community’s involvement which can exponentially amplify our impact.

We understand this is a big move and will raise all sorts of questions. Our team will monitor our social platforms, collect the questions and we’ll write up answers in a follow-up blog post.

Join us in the mission of a truly decentralised global digital currency and let’s do this together.

The Nano Foundation.

Nano Foundation does not endorse or approve products and/or services used or developed by third parties. Any links to third party software or sites are for informational purposes only. Nano Foundation bears no responsibility for the operability, accuracy, legality or content of third party products and/or services. Any questions regarding third party material should be directed to that party.

The Nano Foundation takes a step forward on its open-source journey was originally published in Nano on Medium, where people are continuing the conversation by highlighting and responding to this story.

Progress Toward Achieving Commercial Grade

Nano — Fri, 06 Oct 2023 11:49:33 GMT

For the last eight years, nano has been a ground-breaking & sustainable financial network handling more than 180 million blocks. Since we began measuring value transfers about 5 years ago, over $5 billion have been processed, averaging around $3 million per day. All of this has been achieved without fees, in an eco-friendly manner, and with settlements in under a second.

To put things into perspective, active users on platforms like PayPal average about 50 transactions annually. In our current configuration, nano can accommodate 30 million such users in a fully decentralised and open manner. However, we aspire for more.

While we’ve largely thrived, we’ve also faced challenges. Two instances of denial of service (DoS) attacks caused desynchronization between nodes, leading to a degraded network state with low confirmation rates. These events highlight the importance of constant vigilance and adaptability. They also reinforce our commitment to achieving commercial grade. It’s not just about scaling but ensuring that every transaction processes seamlessly, especially during peak network activity, thereby fortifying nano’s resilience through continuous technical improvement.

Let’s first take a look at our recent achievements and then dive deep into our roadmap, underscoring our commitment to reach commercial grade.

Milestones Achieved in the Past Year

As we march forward, it’s essential to reflect on the strides we’ve made in the recent past:

Bootstrap rewrite: We rewrote the node’s bootstrapping algorithm greatly improving speed and efficiency.
Code Refactor: We revamped our codebase, enhancing its efficiency, and ensuring agility.
Improved Testing: We ramped up our testing processes,, both at component and system levels.
Enhanced Debugging & Visualisations: Advanced debugging tools and visual analytics have provided invaluable insights into node behaviour..

Additionally, two major releases have propelled our network throughput, as visualised in the graph below.

Ensuring Rapid and Reliable Development

The intertwined relationship of quality and speed in software development might appear counterintuitive. However, in their book ‘Accelerate’, Gene Kim and his team demonstrate that there’s no need to compromise between enhancing performance and achieving greater stability and quality. In fact, top performers shine in both dimensions. A primary reason for this is the efficiency gained from thorough testing procedures. Early error detection and rectification not only save invaluable development time down the road but also ensure the software remains in a deployable state at all times.

From the start, nano recognized this principle. We’ve consistently emphasised the importance of unit tests, ensuring each distinct component of our software performs as designed. With a suite of over 800 tests, every aspect of the system undergoes rigorous scrutiny.

Consider these unit tests analogous to inspecting every component of a car, from the engine to the brakes. Yet, just as inspecting parts doesn’t negate the need for a comprehensive test drive, these unit tests can’t replace holistic system checks.

Over the last year, we’ve introduced automated integration tests which simulate a full-fledged network and validate that every change leads to transactions being confirmed within the expected timeframe. By automating this process, we ensure that any systemic issues are identified and addressed at the earliest opportunity.

Our Upcoming Challenges and Commitments towards commercial grade

1. Sustained Performance After Network Saturation

One of our primary benchmarks for reaching commercial grade is performance maintenance post-saturation. The idea is to maintain a high confirmation rate independent of external factors and usage.

Our local test networks highlighted a reduced confirmation rate with large unconfirmed transaction backlogs. This challenge has been addressed, with the solution making its debut in the next major V26 release.

2. Bounded Disk Storage

In addition to maintaining performance under network saturation, nodes need to maintain a bounded amount of storage growth over time. Currently, unconfirmed blocks consume disk resources due to the way blocks are processed.

Bounding disk storage requires both maintaining performance under network saturation and also a rewrite of how blocks are handled in the block processing pipeline.

Work to redesign the block processing pipeline has already commenced and the ability for nodes to set a maximum number of confirmation per second will be added to complement the existing node bandwidth limiter.

3. Spam/DoS Resistance

Nano has a unique transaction prioritisation system based on the last transaction time of an account and its balance. Through strategic categorization into specific buckets — determined by the larger of the two: account balance or transaction amount — we proactively prevent spam transactions from congesting the network.

This method ensures genuine transactions are prioritised, especially from less frequently used accounts, allowing them to proceed without interference from potential spam.

In our pursuit of increasing DoS resistance, we’re drafting a peer rating system. This system will identify and manage peers that display irregular behaviours, such as sending improperly signed messages or excessively flooding the network. While the specifics are still under consideration, this measure aims to maintain network health by potentially limiting or temporarily isolating such non-compliant peers.

Beyond Commercial Grade: Future Innovations and Developments

Reaching commercial grade marks a significant milestone in a continuum of growth and improvement. Here’s a glimpse into some of the avenues we’re exploring post-commercial grade:

1. Long term storage

Over time the storage requirements of the nano ledger grows as users perform transactions. Due to the nature of how blockchains work, historical transactions need to be considered in perpetuity which constitutes a data storage concern for nodes that connect to the network.

Mitigating the data storage issue is the fact that historical transactions almost never need to be referenced and when they do, they don’t need to be referenced as quickly as recent transactions. With this in mind it is possible for nodes to archive historical transactions in a common place, for instance a p2p distributed hash table network, so the historical data doesn’t need to be duplicated and stored on every node.

2. Network topology improvement

The primary limiting factor for network scaling is bandwidth requirements. Bandwidth requirements scale as the product of transaction rate and network decentralisation. The majority of bandwidth goes to broadcasting votes to nodes on the network.

The network currently uses a simplistic broadcasting algorithm which results in a noticeable amount of repeated data. The ideal broadcasting would ensure every node on the network reliably receives one single copy of broadcasted data.

This change would involve a redesign using techniques similar to multicast or other broadcast/flooding algorithms used in other p2p systems.

In summary, our journey towards achieving commercial grade is filled with relentless dedication to create the best version of digital cash. As we progress, we invite all the eager watchers to become an integral part of this growth story. Your insights and involvement will make us stronger. Together, let’s forge the future!

Progress Toward Achieving Commercial Grade was originally published in Nano on Medium, where people are continuing the conversation by highlighting and responding to this story.

Free Money Day 2023: Nano’s Remarkable Contribution to a Day of Generosity

Nano — Sat, 30 Sep 2023 10:47:17 GMT

Every year, Free Money Day rolls around as a testament to the human spirit’s generosity, prompting intriguing conversations about money’s place in our lives. Instead of viewing money as a limited resource we fiercely compete for, this day inspires a more abundant, shared perspective.

The Nano Foundation was thrilled to partner with the Post Growth Institute this year, synergizing the ethos of both entities to promote a revolutionary idea.

Marked annually on September 15th, Free Money Day found an unexpected yet apt ally this year: nano currency. Nano stands apart in the bustling world of cryptocurrencies. It’s not just a digital currency; it’s a fast, feeless, eco-conscious statement of what the future of money can look like. With its decentralised nature, it wipes away barriers, allowing for seamless, instant transactions.

The result? 27,000 nano transactions made globally in 24 hours!

The Nano community’s passionate participation in Free Money Day was clear. A surge of enthusiasm coursed through the network, visible as a notable uptick in transactional activity. Within the span of just 24 hours, the Nano network confirmed a staggering 27,000 transactions! This wasn’t merely a testament to the currency’s capabilities, but also a clear indication of the community embracing the spirit of Free Money Day. The decentralized nature of nano combined with its speed and zero fees truly found its moment in the spotlight, underlining the potential nano in fostering a culture of generosity and inclusivity.

Participation using WeNano

The WeNano app, designed for and by the nano community, proved instrumental. This innovative app allows users to create and locate ‘spots’ for nano transactions globally. During Free Money Day, 95 new spots emerged worldwide, facilitating 2273 payouts and dispersing a generous sum of 349 nano.

Nano’s reach was truly global. Enthusiasts from Brazil to Australia, India to Germany, and many nations in-between participated, proving that the spirit of generosity transcends borders. Many recipients, previously unfamiliar with nano, were introduced to this revolutionary currency. Its versatility was evident, with users highlighting its use in everyday transactions, from grocery shopping to bill payments, and from philanthropic donations to future savings.

Social media activity

The beauty of Free Money Day is that it brought forth an array of individual and merchant contributions, especially on Twitter. Notable personalities like Patrick Luberus, Vini Barbosa, and @atxmj championed the day with generous nano giveaways. They appealed to their followers, sharing the spirit of the event and the ease of using nano.

Giveaways ranged from selecting random recipients to rewarding a set number of early responders. Such endeavors not only amplified the reach of the event but also fostered increased familiarity with nano.

Moreover, businesses in regions as diverse as Nigeria showcased their adoption of nano. New entrants like GSYLCAKES, a bakery, announced their acceptance of nano for their delightful array of products. Meanwhile, established merchants such as Yelam Foods reminded patrons of the option to utilize nano in their transactions.

The spotlight also shone on individuals like Bob Burlage and Moncho, who utilized the WeNano app to create new spots, thereby enabling more people to engage with nano. Additionally, Nano Esperanto’s invitation to try out WeNano during Free Money Day was a testament to the inclusive spirit of the community, showcasing the adaptability of the currency across different languages and regions.

The nano community also used social media platforms such as Twitter, Reddit and Discord to spread the word about Free Money Day and nano. They shared their experiences, stories and images of giving and receiving nano, using hashtags such as #FreeMoneyDay, #Nano and #WeNano.

Check out this amazing video by Nano Foundation’s Community Lead Vini Barbosa showcasing the many different activities across social media on Free Money Day!

https://youtu.be/-TEvYyVWgog

Conclusively, Free Money Day 2023 wasn’t just a win for the nano community; it was a monumental stride for the broader mission of rethinking money’s societal role.

Nano showcased its potential as more than just a currency; it’s a catalyst for positive societal transformation, embodying the principles of inclusivity, empowerment, and altruism. It shone a light on a future where money is inclusive, straightforward, and available to all, irrespective of geographical or socio-economic barriers.

Free Money Day 2023: Nano’s Remarkable Contribution to a Day of Generosity was originally published in Nano on Medium, where people are continuing the conversation by highlighting and responding to this story.

Celebrate 2023’s Free Money Day with nano and spread the message of generosity

Nano — Tue, 12 Sep 2023 19:01:44 GMT

What is Free Money Day?

Free Money Day is a global social experiment held every year on September 15, where scores of people from around the world hand money over to strangers, for free! The day intends to spark conversations about sharing economies and promote new types of economic activity — asking the general public to think about their relationship to money and engage the broader population in financial reform.

Organised by the Post Growth Institute, this global social experiment is now in its 13th year and has inspired over 350+ events in over 250+ locations in 35 and counting countries!

“Free Money Day is a chance to get money flowing more readily in our society and to inspire greater generosity, rather than shaming people into action. It’s a chance for people to experience how good it can feel to give, and a moving reminder that we’re all in this together,” said Donnie Maclurcan, Executive Director of the Post Growth Institute and Global Organiser of Free Money Day.

Sounds familiar right?

Nano Foundation & Post Growth Institute

Last year on Free Money Day, we saw the nano community donate nano around the globe via countless spots in the WeNano App and even giving away lots of nano on Reddit. A chain was even started on Twitter, where users would receive nano and pass half of it on to the next person! This is the magic of nano — it is the only currency that can be sent to anyone around the globe for free!

Well, we have some wonderful news — after the success of last year’s efforts across the nano community, the Nano Foundation is proud to announce our partnership with the Post Growth Institute for this special day!

The Post Growth Institute (PGI) is an international, not-for-profit organisation facilitating the shift to a world where people, companies, and nature thrive together within ecological limits. The world’s first group to integrate macro, micro, and community economy perspectives into a holistic vision for a sustainable future, the PGI strives to re-imagine economics, from extractive accumulation to regenerative circulation. The PGI supports organisations reorient, from bloated, profit-maximisation to lean, purpose-driven approaches; and reconnect communities, from systemic isolation to strengths-based belonging.

“If you’re questioning the status quo and interested in a more sustainable society, Free Money Day is your chance to get involved. It’s the beginning of a conversation, a thought provoking and exciting idea; Free Money Day is also a creative exercise and a lot of fun!” Ravi Prasad, Founder, Friends with Things, Earth Hour Finalist 2020.

Nano and Free Money Day, a match made in heaven

Nano stands out as an exemplary digital currency, making it a great addition for Free Money Day, to spread the message even further and wider. Here’s why:

Global Money for a Universal Message: Free Money Day is a universal movement, transcending geographical boundaries to promote a spirit of generosity. Nano, as a global currency, complements this by erasing borders in the financial realm. Anyone from anywhere can send and receive Nano, ensuring that the message and spirit of Free Money Day truly resonate worldwide.
Truly Free Digital Transactions: A day promoting the freedom of money is made even more symbolic when the currency used carries no transaction fees. Nano transactions are instant and completely free, making it the ideal medium for participants. There’s no reduction in the gift due to fees, ensuring that the recipient gets every bit of the generous gesture.
An Altruistic Heartbeat: At its core, Nano and its community embody values that align with the very essence of Free Money Day. Their commitment to a decentralized, equitable, and sustainable financial ecosystem makes them natural proponents of initiatives that seek to break down the barriers of traditional monetary systems and promote shared prosperity.
A Platform for Philanthropy: Beyond its fundamental characteristics, nano’s ecosystem brims with applications and platforms designed around the concept of giving. From charitable donations to community-led initiatives, the nano ecosystem fosters a culture of generosity, making it a fitting platform to amplify the impact of Free Money Day.

By bringing nano into the fold, Free Money Day stands poised to make an even more profound statement on the transformative power of generosity in the modern age.

How can you participate in Free Money Day 2023 with nano?

We want to show how nano can be used to share the message of Free Money Day across the globe. Let’s see how much nano we can get sent around the world in 24 hours — to show the power of nano’s altruism and that nano is digital cash!

Here are a few things you can do to participate:

WeNano spots

WeNano is a great tool to share nano with people around the world. WeNano can be used in several ways if you want to participate in Free Money Day 2023. For example, you can donate to an existing WeNano spot if it’s empty, so that others can claim nano there from your donation.

You can also set up a spot yourself, anywhere on the world map, to share your nano donation with people in that area.

For Free Money Day, WeNano even allows you to create a spot pre-filled with nano (funded by the WeNano team), for free! You can do this by simply going to the community tab in the app, selecting ‘Global and Spotlight,’ and it will display an option for ‘Spot Giveaway’ there. When you tap that option, a new view will appear where you can set the name of the spot and decide where you want to place it on a map. After setting it up, you will become the owner of the spot.

Additionally, you can use spots that are in your area by bringing a friend to visit a WeNano spot and having them claim some nano. Free Money Day is a perfect opportunity to introduce someone new to nano and provide them with a bit of nano for free!

Donations via WeNano also count towards our goal of seeing how much nano can be sent peer-to-peer in 24 hours. Stats about how many WeNano donations and payouts have been made, and how much nano total has been sent on the nano network, will be recorded as well.

Social Media

You can also use social media to spread awareness of Free Money Day and nano! This way, more people will find out about the initiative, start thinking about their relationship with money, and perhaps even participate in Free Money Day as well! With nano being a great digital addition to Free Money Day, people can easily participate in sharing money from behind their desk.

Make sure to use the #FreeMoneyDay and #nano hashtags, and tag their social media profile.

Twitter

Instagram

Facebook

Free Money Day Linktree

Pamphlets

Sharing with people on the street how they can get nano for free on Free Money Day using WeNano is another great way to participate! To help you out, we’ve created stickers and pamphlets that can be printed and shared with friends, family and on the street!

Take a look at this pamphlet & this sticker.

Are you planning on printing and distributing these pamphlets and/or stickers? Make sure to record your experience and share it on social media such as twitter, instagram, facebook and tiktok!

Free Money Day is a great opportunity for us all to show the world the generosity and altruistic side of the nano community, and to show the potential of nano as a global currency that is not made of greed, but instead built on sharing, working together and improving the world one little nano step at a time.

Let’s use September the 15th to share some love with one another by sharing nano!

Celebrate 2023’s Free Money Day with nano and spread the message of generosity was originally published in Nano on Medium, where people are continuing the conversation by highlighting and responding to this story.

The Rise of Nano in Nigeria: How Small Merchants are Embracing the Future of Payments

Nano — Wed, 09 Aug 2023 14:02:16 GMT

The emergence of digital currencies has undoubtedly caused a seismic shift in the global financial ecosystem. Among these novel currencies, nano stands out due to its unique, decentralised, and eco-friendly technology, which provides instant, fee-free transactions. Its suitability for micro-transactions, instantaneous nature, and zero-fee approach makes it particularly attractive for an emerging economy like Nigeria. This article sheds light on the rising acceptance of nano in Nigeria, focusing specifically on small merchants and vendors that have recently started accepting nano payments in their business.

Nano: a perfect currency for Nigeria

Nigeria, with a significant number of unbanked and underbanked citizens, faces challenges with its traditional banking system. The geographical dispersion of the population, along with infrastructure and affordability issues, pose significant hurdles for many Nigerians seeking to participate in the conventional financial system. Enter nano, a digital currency that bypasses these barriers, empowering individuals and businesses to take control of their finances without the need for banking intermediaries.

The inflationary nature of the Nigerian Naira also makes nano a compelling alternative. Unlike the Naira, which is subject to inflation and depreciation, nano is inherently deflationary. There’s a maximum supply of 133 million nano, meaning its value cannot be diluted by creating more coins.

The growing adoption of nano in Nigeria is a testament to its unique advantages, with numerous small merchants and vendors embracing this transformative technology. Here’s how some businesses are making waves with nano.

The power of nano for merchants

Diva’s Kitchen

Diva’s Kitchen, a catering service that offers home-cooked meals on a pre-order basis, was among the pioneers to start accepting nano in Nigeria. “We adopted nano because it’s global coin that gives us a level financial freedom and flexibility we’ve never experienced, with no charges at all!” says the owner of Diva’s Kitchen.

Their innovative use of nano not only brought attention to the currency but also enabled them to make a significant social impact. A fundraiser hosted by Diva’s Kitchen, where nano was used, helped feed over 300 people in Ibadan, Nigeria. This event drew considerable attention to the utility of nano as a payment medium in Nigeria, inspiring more businesses to follow suit. You can read more about the fundraiser and Feed the Streets event here.

Yelam Foods

Located in Ibadan, Yelam Foods is also one of the first small businesses in Nigeria that started accepting nano. They offer a range of raw foods such as rice, beans, garri, oil, and drinks. “We accept nano because it is global, easy to use, and fee-free!” explained the Yelam Foods team.

With the addition of Yelam Foods accepting nano in the same area as Diva’s Kitchen, a circular economy has started to emerge. Diva’s Kitchen actually bought ingredients directly from Yelam Foods with nano for a Feed the Streets initiative, feeding 300 people on the streets of Ibadan!

Everythingkaffy

Everythingkaffy is a merchant that specialises in oven-fresh dried catfish. They have recently started accepting nano as a payment option. “Our catfish is clean, fresh, and prepared under excellent hygiene conditions. And with nano, we can now offer this same freshness and quality in our payment system,” says the owner of Everythingkaffy.

Praiz Ventures

Praiz Ventures is another addition to the growing list of Nigerian businesses accepting nano. They offer a wide range of goods and services, including female clothing, shoes, bags, data and airtime, and even paying electricity bills. The manager of Praiz Ventures said, “Nano has made our business transactions smoother and more efficient. It’s a win-win for us and our customers.”

The increasing acceptance of nano by small merchants in Nigeria shows the potential of digital currencies to address local economic challenges, transforming the way businesses operate in the process. As more and more small businesses experience the benefits of nano’s instant and feeless transactions, it is reasonable to anticipate a future where nano and other cryptocurrencies become a standard payment method in Nigeria and beyond.

This shift is not just about adopting a new form of payment; it’s about empowering businesses and individuals, and facilitating financial inclusion. It’s about offering an alternative to the traditional banking system that many Nigerians have been excluded from for so long. It’s about creating a new financial future that is accessible, efficient, and inclusive for all.

The future of nano in Nigeria

While Nano’s adoption among small businesses in Nigeria is encouraging, it’s only the tip of the iceberg. The potential applications of nano and other cryptocurrencies in Nigeria extend far beyond small merchants. Given the numerous advantages that nano offers, such as its instantaneous nature, feeless transactions, and its resistance to inflation, it’s easy to envision a future where larger businesses, remittances, peer-to-peer transactions, and even governmental services in Nigeria are facilitated by nano.

Further, the success stories of these small merchants are an inspiring signal to other businesses, both small and large, to consider integrating nano into their payment systems. As more businesses and individuals learn about nano’s potential, and as digital infrastructure continues to improve, the growth of nano in Nigeria is likely to accelerate.

In conclusion, nano’s growth in Nigeria symbolises the dawn of a new era in digital payments. Its adoption by small merchants such as Diva’s Kitchen, Yelam Foods, Everythingkaffy, and Praiz Ventures shows how technology can offer efficient and inclusive financial solutions, even in developing economies. As Nigeria continues its stride towards digital transformation, nano is set to play a crucial role, transforming the country’s financial landscape and paving the way for a more inclusive and efficient economic future.

The Rise of Nano in Nigeria: How Small Merchants are Embracing the Future of Payments was originally published in Nano on Medium, where people are continuing the conversation by highlighting and responding to this story.

Building the Best Version of Digital Cash: A Call to all the Builders, Tinkerers, and Changemakers

Nano — Tue, 18 Jul 2023 14:02:37 GMT

In the pioneering spirit of exploration and discovery, amidst skeptics and freedom advocates, a new vision emerges. It’s time to redefine our financial future.

As the era of digitization advances at a breathtaking pace, we find ourselves at the threshold of a global financial metamorphosis. The transformation of traditional systems into the digital realm will bring us Central Bank Digital Currencies (CBDCs) — digital Euros, digital Dollars, and the like. But this moment prompts an essential question: Should we accept this change passively, or should we aspire to something more significant, something truly revolutionary?

This is for all those who see the profound value in decentralized digital cash. We, who value freedom of choice and harbor skepticism towards the looming dominance of CBDCs. We, who desire to change the system, to make a difference.

We’re builders, tinkerers, high achievers and sometimes procrastinators. We believe in our collective capacity to conceive and develop an improved version of digital cash: open, inclusive, and free for everyone.

The Power of Decentralized Digital Cash

Public trust in financial institutions has been steadily eroding over time. There’s a growing discomfort towards the level of control that centralized entities could potentially exert over a digital currency. A decentralized version of cash stands as a viable solution. It implies that no single authority can control, manipulate, or decide who has the right to use it.

Free from central authority, digital cash embodies the essence of economic sovereignty and personal freedom. It’s available to anyone with internet access, not discriminating based on location, identity, or wealth. It’s an empowering tool for individuals, rather than an instrument of control for institutions.

Dreaming Up the Future of Money

The path forward is filled with challenges and complexities. We need the collective intelligence and creativity of many to tackle issues of scalability, privacy, security, and user experience. Yet, there’s an enduring belief that together, we can build this system. We can create digital cash that is as free as the air we breathe, as universal as human rights, and as groundbreaking as the invention of the internet itself.

To every builder and tinkerer brave enough to reimagine our financial systems, to every high achiever who won’t settle for the status quo, to every procrastinator waiting for the perfect moment to make a mark — this is your call to action. It’s your chance to contribute to something transformative, something monumental.

Together, we can redefine money, not as a tool of control but as a means of empowerment. Where access to financial services is a right, not a privilege. With technology, we have the power to not merely replicate financial inequalities of the past, but to create a future of financial inclusion and freedom.

People like us, build things like this. Join in to shape our future!

Building the Best Version of Digital Cash: A Call to all the Builders, Tinkerers, and Changemakers was originally published in Nano on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nano Digest: V25 Release, a new team member, News Page launched, and more!

Nano — Wed, 12 Jul 2023 14:02:21 GMT

It has been a busy quarter, not just behind the scenes at the Nano Foundation but across the sector and in all our own daily lives with the cost of living crisis expanding making life even more difficult for people globally. We are reminded in times such as these of the importance and need for decentralised digital currencies such as nano and how they could tangibly change the world for the better!

So as usual, ignoring the market-noise — let’s dive into the huge amount of updates, news and community actions that are the backbone to the nano ecosystem.

V25 is live!

We are very excited to say that V25 Daric is Live! This update complements the earlier released V24 Siglos update and completes this two-pronged update to the nano node software. It includes several great improvements to the node software that increase performance and security. Several changes were made to the nano node software, introducing the Ascending Bootstrapper feature, optimistic elections, continuous backlog population and more. A subsequent V25.1 patch was released not much later fixing a minor RPC call bug.

Read the full article announcing V25 Daric here.

In the graphic above, it is clearly visible that the V25 Daric update has had a significant positive impact on network throughput as quorum was reached. For node operators that have not updated to the latest version V25.1 yet, we strongly recommend all node operators to upgrade.

News Page launched
We are very happy to have yet another dynamic and useful addition to our nano.org website — the News Page! Here, all news around nano can be easily linked and filtered, making it a great way to show the amazing things happening with nano and the Nano Foundation, or for those searching for specific types of news such as events, media or development.
The page also gives you the ability to filter on time frames, making it easy to see what has happened in the past 3 months, past half year, or past year!

Check out the News Page here.

Luckily all the items have a shareable icon meaning that it is even easier to share the latest news with your own communities.

Community Programme update and a new NF member

Since launch 2 years ago, the Community Programme has seen more than 20 enthusiastic Ambassadors, Community Managers and Moderators volunteer their time to keeping the nano community channels clear and safe while working tirelessly to grow the community whether through adoption or localised community endeavours.

Having listened to the community over this time and the need for a more interactive programme bridging the gap between the community and the Nano Foundation, we have decided to evolve the programme with some new additions to the team!

We are overjoyed to announce that Vini Barbosa has joined the team as a volunteer taking the role of Community Lead while Aneena, using her experience having led the programme since inception, moves into creating and building a newly focused Nano University Programme.

The Community Programme
Lead by Vini moving forward, the Community Programme will have two different branches, which we are now calling: ‘Presences’:

Online Presence, through our Digital Teams and Content Creators;
Local Presence, through Events and Circular Economy Projects.

Ambassadors, Community Managers and Moderators will be able to build their online and local presences, while contributing to the nano ecosystem, education, and adoption; with tasks well aligned to their personal profile and skill sets.

We will have a higher focus on creating nano-based local circular economies in countries, towns, cities, villages, or neighbourhoods. And this will happen through education, workshops, contacting businesses, onboarding users, participating in events, hosting meetups, establishing contact with local press, etc.

The Community Manager (CM) role was also redesigned, after considering the feedback of our CMs, that will have a higher focus on creating and managing action-guided teams for different tasks. More information will be shared in the following days, including a new application form to the Programme.

Talking about feedback, the Community Programme, as long as the Community Lead position, will both aim to have a closer relationship within the nano community. Making sure there is a clear communication line, and a mutually collaborative relationship between action-guided community contributors, and the Nano Foundation.

Having experimented with alternative platforms to house the programme activity, we also have decided to move back to Discord. There so, Ambassadors, Community Managers and Moderators will have private channels to communicate, as long as new exclusive activities such as trainings, workshops, and lectures, aiming to increase their results, while representing the Nano Community worldwide.

The Nano University Programme

Lead by Aneena, who herself is an Assistant Professor and Academic Researcher outside of her nano life, aims to create through this new programme an inclusive and supportive environment where the academic community can actively participate and contribute to the nano ecosystem. It is an initiative designed to empower students, developers, and researchers to explore, learn, and build on nano.

If you are at all curious to find out more about the two different programmes and would be interested in lending your time, passion or skills to one of them, please get in touch via info@nano.org or send an email to Community Lead Vini Barbosa (vini@nano.org) or to Nano University Programme Lead Aneena Ann (aneena@nano.org)

Besides the Community Programme and University Programme, there are other ways to contribute to the nano ecosystem as well. For instance, you can contribute to our Nano Blog, help develop the nano node software development through C++ contributions and even contribute to the network without knowing C++ at all!

Team Changes

So as you have read above, all very exciting news! Not only are we saying a big warm welcome to Vini joining the Nano Foundation team, we have Aneena moving into the role of Nano University Programme Lead.

We have another change to announce and that is officially saying goodbye to Xavier, our long-standing designer at the Nano Foundation. Xavier stepped away last year due to a family tragedy and while we always have a door open to him to rejoin the team, the time has come to remove him from the website. As most of you are aware, Forest stepped up to the design board to fill this gap and has been evolving our designs ever since.

Partner news

Businesses and organisations embracing nano are continuously progressing. As new partnerships form and more entities integrate nano into their operations, those already on board are refining their integrations and expanding their capabilities. Our partners actively contribute to raising awareness and disseminating information about nano, both within the crypto space and beyond. They are committed to advancing nano’s adoption and fostering its growth.

Exchanges & Services Updates

Kraken adds recurring buys with debit cards
The popular crypto exchange Kraken now allows users to perform recurring buys with debit cards. This is a great feature for one of the exchanges with the most nano volume. The feature allows users to automatically buy or sell nano on a daily, weekly or monthly basis.

Improved NOWNodes nano response time

The team over at NOWNodes finished maintenance and their tech team achieved 34 times faster node response time for nano! Even with high-load methods! This means easily interacting with on-chain data of the nano network is not only super easy with NOWNodes, but now also super fast!

NanoBrowserQuest updates

The gold system is now live on NanoBrowserQuest (NBQ)! You can now collect, trade, sell, and buy items for gold. The team at NBQ have also seen a couple of new players grinding the levels and the new items. They are happy to be welcoming even more players with the wallet-less registration (only username & password are now required). More details can be found in this Medium article regarding the updates.

Goleada affiliate program
Goleada, a popular browser-based football management game, offers a 10% share from all auction and ticket purchases made by those registered via your referral link. Instant transfers to your Nano wallet upon every deal.

LetsExchange promo code
Not too long ago, LetsExchange published an article interviewing the Nano Foundation to spread awareness of nano among their users. To keep the cooperation going, LetsExchange published a press release including a promo code, NanoForNature, to celebrate Earth Day! This promo code allowed users to get cashback when exchanging nano on their platform.

Binance removes advanced USD pair trading, adds XNO/USDT pair, and leaves dutch markets
Binance has been undergoing some heavy changes lately, and has unfortunately left the dutch markets. Luckily for the people in the Netherlands, there are many other options out there to exchange nano to euro or between other currencies. You can find all exchanges available on our hub.

Additionally, Binance is pivoting to become more of a crypto-only exchange as most USD pairs are removed and the XNO/USDT pair added instead. Read more about it here.

Nanogram.ai development shelved
Unfortunately, due to budget constraints, the community developer known as nano2dev has indefinitely paused the development of the nano-based social media platform Nanogram.ai. Meanwhile, the developer is working on several other projects such as https://nano.to, https://nault.pro, and https://xno.social.

WeNano & WeNano Business Updates

WeNano has recently pushed an update for both WeNano Business and WeNano that mostly focuses on how businesses can promote themselves, receive payments and connect with WeNano users. They have also pushed some minor updates focusing mainly on the map for WeNano. If you zoom out on the map, you will see the most recent new Spots added to the map, and also any Spots that are active/trending right now. They are also working on some other fun new features related to the map and users, but will tell more about that later. With regards to the future, they hope to do some kind of promotions late summer/early autumn to get businesses to sign up and receive nano as payments.

Additionally, they added a new ‘raining nano’ feature that allows users to donate nano to up to 10 active users!

‘If there is a lot of activity within a Spot, you can now rain on up to 10 users that have been active the last hour. If there is more than 10, it will randomly pick 10 out of everyone.

You can now zoom in on any location on the map, and it will tell you if there are any active WeNano users around. It will list users that have opted to sharing their location, and their last activity was within a few days. You can then decide to rain to up to 10 randomly picked users.”

SendNano pivoting towards fundraising
SendNano unfortunately has to shut down twitter tipping, however is pivoting to fundraising and has already gathered a bunch of fundraisers on the platform!
https://www.sendnano.com/f/search/

Nano.to features added

Need an easy way to sell items for nano? But can’t find the right way to do so? Nano.to just got more features allowing you to do exactly that! You can now create a shop and sell items using nano.to!

Getnano.csquared.nz faucet shut down
Getnano.csquared.nz faucet is unfortunately shutting down. Luckily there are many other faucets to go to in order to get some free nano! Want to see a full list? We keep track of new faucets popping up at our nano hub! Take a look right here.

Get XNO reaches 1,000 users!

Get XNO reached 1,000 users recently! The website allows users to easily earn nano in various ways, as it functions as a faucet but also lets users perform certain tasks to earn nano.
To celebrate, they hosted a giveaway on twitter!

Nano Donate browser extension update
A minor update has taken place for the Nano Donate browser extension that replaces the old symbol with the new Ӿ symbol in logos and elsewhere throughout the extension. Additionally, nano addresses in the extension now link to the Nanolooker block explorer.

The Nano Donate browser extension makes it easy to donate nano to any participating websites. You can download and install the browser extension here.

Wallet updates

Stack Wallet integration

Stack Wallet, a non-custodial and open-source wallet, has now integrated nano! The wallet includes a built-in exchange, is user-friendly, and supports multiple different currencies. Give it a try here!

Nautilus updates
One of the best maintained, feature packed and great wallets in the nano ecosystem is Nautilus. Development of Nautilus, by community developer Matthew Fosse (aka Fossephate), nbever stands still! For instance, Nautilus now allows you to import your 12 word mnemonic phrase from trust wallet! But the improvements don’t stop there — Nautilus now also has scheduled payments, subscriptions, payment history, and more! Read more about the latest update here.

Trust Wallet improved integration
It is amazing when partners listen to the nano community. The team at Trust Wallet has listened, and they have now updated their nano integration — sending and receiving nano with Trust Wallet is now smooth as butter! A big thanks to the Trust Wallet team for solving prior issues!

New ways to use nano

Zink Tipping Integration

Nano is perfect for tipping — it’s fee-free and instant! The folks over at Zink Tips are very aware of this and decided to integrate nano into their platform, allowing people to easily create a tip jar to receive tips, or tip others! The service even has an easy to implement widget for websites and tipping can be done in a single click! Check out the announcement of the integration here or create your own tipjar!

Additionally, Zink Tips hired nano Community Ambassador NanoNerd99 to help grow Zink Tips!

The Zink tipping team even hinted towards a feature to directly tip nano to content creators on twitch!

Earn nano by offering video services, livestreaming, and sharing your world with Perseeve!

Perseeve is a revolutionary livestreaming app that empowers content creators and service providers to earn nano in real-time while connecting with their audience. It allows livestreamers to monetize their streams on a per-second basis, providing an alternative revenue stream beyond traditional sponsorships or tips.

Additionally, service providers such as teachers, advisors, and consultants can offer their expertise and get paid instantly for their services in nano. Perseeve also allows you to see someone else’s perspective, at any location in the world. Whether it’s for journalists to see a live feed of a certain event, for people that want to see a holiday destination before they go or if you just want to learn about a different place or meet different people!

Perseeve integrates with nano to facilitate seamless and transparent transactions. Livestreamers, service providers, or those that show their area receive Nano directly from their viewers or clients, without any intermediaries. The app tracks the duration of the stream or service session, and automatically makes payments every few seconds, ensuring fair compensation for every second.

Partner Media

We love it when our partners spread awareness about nano in various media, such as articles and videos! Check out the latest partner media outreaches below.

Swapzone article about nano & gaming

Swapzone.io published an enlightening article on how Nano is revolutionizing the gaming industry. The piece elaborates on nano’s potential as a game-changer, highlighting its array of impressive features that offer a seamless and cost-effective solution for gamers and developers. By creating a revolution in the interaction with virtual currencies, nano stands out as an optimal fit for the gaming industry. Check out the full article here.

Why is Nano a Good Sustainable Cryptocurrency?

Nano is sustainable and super energy efficient! That’s why our partners over at AutoCoinCars wrote this great article explaining why nano is such a good sustainable cryptocurrency. Did you know AutoCoinCars even allows you to buy a sustainable car with that sustainable money?

Read the article written here.

Nano: Empowering Instant, Fee-less Transactions for a Sustainable Future
Our friends over at Guarda Wallet wrote this great article highlighting how nano offers instant, fee-free transactions, the sustainability of nano, usecases and how nano is perfect for non-custodial solutions!

Read the full article here.

LetsExchange article about partnership with nano!

The team at LetsExchange has broadened their cooperation with nano, and even gave the nano community a promotional code ‘NanoForNature’ for cashback on their platform in the weeks around Earth Day!

“At LetsExchange, we aim to make cryptocurrency swaps available to anyone, anywhere in the world. We support the socially responsible position of Nano to benefit unbanked people in emerging economies by providing fee-free and instantaneous crypto transactions. We believe such an approach will foster the mass adoption of cryptocurrencies, resulting in benefits for crypto users and companies,” says Alex J., Chief Product Officer at LetsExchange.

CoinDCX mentions nano among lowest transaction fee crypto
It is amazing to see our friends over at CoinDCX mention nano in their article about the top cryptos with the lowest transaction fees! With nano having no transaction fee at all, it’s a must to mention!

“Nano also does not have any transaction charges and facilitates small to large transactions just within a few seconds.”

Read their full article here.

Madora.io gaming showcases
We all know that nano is perfect for gaming, as it is instant, global and fee-free! This makes nano perfect for microtransactions in games, arcade style gaming, and rewards in games. Want a great example? Madora.io showcased the use of nano in the game “Fast & Nano”. Check it out right here!

New video from Altcoin Radar
The YouTube channel Altcoin Radar recently published a great video informing people about nano and why it is the best currency for 0 fee transactions! Check it out here.

Stack Wallet interviews Nautilus developer FossePhate

It’s always great to see people in the nano community share their enthusiasm and thoughts about nano in the media! The team at StackWallet interviewed developer of Nautilus, Matthew Fosse, about nano and Nautilus for their StackCast show. They discussed how Nano manages network spamming and instant transactions, running nodes for a feeless currency, and more. View the full StackCast interview here.

Events & Media

George Coxon on LinkedIn Live session

On the 25th of May, George Coxon spoke at the University of East London’s LinkedIn Live session about the Future of Money: The Rise of Digital Currencies, Opportunities and Risks. The session was full of great discussion with different views and perspectives on cryptocurrencies.
https://www.linkedin.com/events/7064184409721057280/comments/

George Coxon speaking at the UN Summer Academy

George Coxon had the amazing opportunity to speak at the United Nations Summer Academy on the 27th of June! Organised by the United Nations SCC as one of their Trend Talks for ‘Navigating a World of Disruption’, she led a discussion on ‘The intersection of sustainable digital currency & governance: How can we build a more resilient digital economy’, what an incredible opportunity for us to bring awareness to the mission we are on with sustainability at its core and put nano in front of the leaders of tomorrow!

Following the event, George recapped: “Really pleased with how yesterday’s Trend Talk for the UN Summer Academy went. The audience were national & local government bodies, civil society, academia, as well as private sector sustainability entrepreneurs and organisations such as WWF in addition to UN Staff — everyone was really engaged, asked lots of great questions and then had a flurry of connections post talk wanting to chat further! Thank you all for the well wishes of support!

I have been approached to now to give a similar workshop/talk at the United Nations Office for Disaster Risk Reduction (UNDRR) which I am just over the moon about (and hopefully fully secure) this would be a wonderful showcase of how nano has the potential to be incredibly helpful in crisis and disaster zones in the future.”

George Coxon at Reset Connect London

George just keeps going! She also attended the Reset Connect event in London, focused on sustainability and green investments. The aim of her attendance was to catch up with all the developments in the sustainability sector, networking, and meeting some familiar faces!

Reset Connect is the flagship event of the London Climate Action Week, and the UK’s largest sustainability ecosystem, green investment event. George even made a short video announcing her attendance here.

Thiago Silva & Vinicius Barbosa presented at the SESCOMP event!

Nano Foundation Developer Thiago Silva & Brazilian Ambassador Vinicius Barbosa presented at the SESCOMP event, Federal University of Ceara — Campus Russas in Brazil!

Nano Foundation Developer Thiago Silva & Brazilian Ambassador Vinícius Barbosa presented online in Portuguese on April 18th at the SESCOMP event, Federal University of Ceara — Campus Russas in Brazil!

They presented on the topic “What is Nano and how to get involved in this live open source lab”. Great to see the Nano Foundation & a Community Programme member presenting together!

Twitter Space for Nigerian Business Owners

With the growing amount of adoption and awareness of nano in Nigeria, it was time for an awareness session targeted towards small business owners in Nigeria. Twitter Spaces was the perfect place for this as many vendors in Nigeria sell their goods or services on the popular social media platform.
Social Media Lead Forest Horsman spoke with Nigerian Community Ambassador Olapade Samuel and with Abiola, the owner of Diva’s Kitchen, about accepting nano in Nigeria for vendors in this twitter space.

Rust Porting updates and livestreams

Gustav Schauwecker, our developer who is working hard on porting the nano node software to the Rust programming language, has been actively doing livestreams on his YouTube and Twitch channels to show people the process of porting different classes to Rust. He has already done a whole series of streams on his development efforts, and he streams every Tuesday at 19.30 UTC — check out his YouTube channel here!

Web3 Berlin event

Unfortunately due to unforeseen circumstances, the planned 15min talk at the Web3 Berlin conference had to be cancelled. However, that was not the end of NF in Berlin!

Thankfully, Colin was able to meet up with team members such as Dimitrios, Piotr and Gr0vity and have drinks with the wonderful nano community members and app builders from the ecosystem!
Berlin’s Herr Lindemann cocktail bar played host to an exhilarating meetup between the Nano Foundation and passionate members of the Nano community. The evening was full of insightful conversations, as developers delved deep into the latest advancements and future plans.

It’s incredible to witness the growing enthusiasm for blockchain solutions. Together, we are driving the evolution of digital currency and building a more inclusive financial future.

Thank you to all who joined us!

Nano in Nigeria

With a lot of activity happening in Nigeria in the past few months, we’re excited to spotlight the growth of adoption and awareness about nano in Nigeria. It is great to see the progress of nano adoption and people spreading awareness about nano throughout the country. To clearly highlight the recent activities and initiatives, Pim Coffeng, Growth Strategist at the Nano Foundation, outlined a lot that has happened with nano in Nigeria in his Growth Blog. You can read it here!

Since then, a lot more has happened! Let’s dive in together!

Bigeria Pay launched for remittances to Nigeria
Remittances in Nigeria is a huge industry. Yearly, Nigerians send billions of dollars back home! However, there’s a high cost to sending money around the globe, and it often takes a lot of time for that money to arrive. Luckily, there’s a fast and fee-free solution: nano! With nano, people are able to send money around the globe instantly, for free. That’s why one of the major use cases of nano is remittances.

It seems that these remittances have gotten even easier now as people are reporting their experience using Bigeria Pay, a Nigerian service allowing transactions to Nigeria powered by nano with automatic swapping to Naira, which launched recently.

Praiz Ventures now accepts nano

Adoption of nano for payments among vendors in Nigeria is growing steadily as the country goes through heavy times regarding their currency. Whether you need some mobile data, shoes or bags, Praiz Ventures has got you covered. Praiz Ventures, a small business in Nigeria, has now started accepting nano for payments!

Diva’s Kitchen organised an Easter initiative to provide food for the homeless in Ibadan, Nigeria!

The Nano community showcased the true power of blockchain technology in a heartwarming initiative called #FeedTheStreet. Diva’s Kitchen, a food vendor in Ibadan, Nigeria, called upon the Nano community to help provide meals for 300 homeless individuals during the Easter weekend. Through instant and feeless Nano transactions, donors from across the globe contributed generously, surpassing the fundraising target in just one week.

Donations poured in through SendNano and direct wallet transfers, ensuring that every contribution reached Diva’s Kitchen without any transaction fees or intermediaries. On Easter Monday, the team prepared and distributed turkey and Jollof rice to over 300 homeless people in Ibadan.

More than 700 nano was donated by people from the nano community around the globe to feed people on the streets.

Community Action

Martin Niwamanya launched a nano outreach initiative to universities

Ugandan Community Ambassador, Niwamanya Martin, launched an outreach initiative to approach universities and inform students about cryptocurrency and nano. He has already presented at Gulu University and Muni University to spread awareness!

“It was an amazing session with Gulu University students where we started with interactive session to speak of their experiences with crypto payments and how to make nano priority as an alternative payment to traditional means.

Based on the issues raised, we started the session with discussing more about blockchain and how it is a base for fundamental change in our society. We discussed how nano would shape the future of the money economy compared to our traditional means.

We also talked of developers opportunities within nano and general blockchain space.

We commissioned the university students as foot soldiers for nano in their communities and where they should advocate for mind set change within their society, peers and general community to see crypto as future for money.”

Martin has more university sessions planned for the near future and will be one of the first members of the new and soon to be launched University Programme! If you’d like to support his initiative, you can find his SendNano fundraiser here.

NanoCharts gaming demo
NanoCharts created this demo of gaming with nano, earning nano by collecting rings in Sonic! While this is not a full on game integration, it is a great way to showcase what nano could do for the gaming industry, and the amazing potential for nano when it comes to instant and fee-free microtransactions!

NanoCharts also made a proof of concept nano integration in an Earthworm Jim game. Launch a cow and get some nano!

Video about nano for microtransactions
Microtransactions are an interesting concept where people could for instance pay per page they read instead of immediately buying a whole book. Unfortunately, traditional payment methods and most cryptocurrencies don’t work for microtransactions due to high cost of individual transactions, and longer transaction times. This is why so far, microtransactions have had little traction. But that is about to change. Nano has no transaction fees, 30 decimal places, and instant transactions — nano is perfect for microtransactions!
Recently, YouTuber Jay James Invest made a video diving deeper into nano for microtransactions. Check out his video here!

Solar powered nano faucet

One of the amazing things about nano is its energy-efficiency. Nano is one of the most energy efficient ways to send and receive money globally! But did you know you can even run an entire nano node on solar power? Yes, really! Including generating the needed proof of work for transactions! James Coxon created a solar powered nano faucet using his solar powered nano node, which recently got increased payouts.

Mastodon tipping feature
The landscape of social media is rapidly changing this last year. It’s therefore great to see the nano community spread and grow on various platforms, including Mastodon. Even better, nano integrations are spreading to those social media platforms as well! Community Developer Esteban created a nano tipping feature for Mastodon.

Vyanjan QR display

As a business owner selling goods or services for nano in a physical location, it is important to make it as easy as possible for customers to make payments. Avimanyu printed a QR display for Vyanjan, making it easier for people to pay with nano for their food and drinks!

Article translation
Our newly appointed ambassador from Ukraine, Alina Dovzhenko, undertook an impressive feat of language translation, taking an article about the innovative concept of micro-tipping with nano and translating it into Ukrainian. This effort signifies a notable contribution to the global Nano community. With the power of Nano’s instant and feeless transactions, the concept of micro-tipping is revolutionizing how we appreciate and reward services and content online. Dovzhenko’s translation work is a pivotal step in bridging language barriers and spreading this revolution to Ukrainian speakers. The translated article now enables Ukrainians to grasp the potential of micro-tipping with Nano, opening doors for a new wave of global users. This endeavor highlights the power of the Nano community in fostering international cooperation and knowledge sharing, proving that the Nano revolution knows no borders.

WeNano Day Initiative
The Nano community, in an effort to showcase the power of blockchain technology and to assist those in need, launched a new community initiative called WeNano Day. Every last Friday of the month, the community creates WeNano Spots in a specific country. These Spots are essentially digital locations where users can collect or distribute nano, the cryptocurrency. The initiative aims to support communities and enhance the distribution of Nano on a global scale. The first WeNano Day took place in Nigeria on the 28th of April 2023. The community created new WeNano Spots and supported existing ones, allowing Nano to be shared and distributed within the country. This initiative, rooted in the power of instant and feeless Nano transactions, facilitates a global outreach, supporting people around the globe while simultaneously spreading awareness about nano’s potential. With #WeNanoDay, the nano community strives to make a difference, one spot at a time!

Football challenge

Do you like to play football? Or perhaps you are in contact with your local football club? Well, keep an eye on Social Media Lead Forest Horsman’s twitter, as he recently started a football challenge where people could earn nano! The goal was to bounce a ball as many as possible on two feet within 60 seconds, paying out Ӿ0.5 per bounce to the person with the highest score, as well as a random other participant in the challenge. People could donate extra nano to a pot for the person with the highest score.
Forest Horsman’s nano football challenge came to an end with twitter user @wilding_within getting the highscore of 168 bounces, and winning a final 99 nano!

Amazing new SendNano fundraising initiatives
Since SendNano had to pivot their use case after recent twitter API changes, the focus on fundraising has been very successful, with many fundraisers popping up on the website! You can check out all the fundraisers on SendNano here.

Nano Foundation further notices

Forum Deprecation & Instagram archived
In the previous Nano Digest, we announced that the forum will be deprecated and its functionality replaced by Github.

In the theme of efficiency, we also decided to archive our Instagram profile for the time being. Besides trading and investing focused content, which isn’t what we create, Instagram doesn’t have a large (crypto)currency audience and we therefore decide that our time and effort can be better aimed towards other social media platforms.

Trustable notice from Colin and George
It is with great disappointment that Trustable as an entity is in the process of being dissolved due to a multitude of factors, not least the unclear and risky regulatory space that Trustable would reside in.

Trustable was a separate endeavour individually taken on by Colin and George to integrate nano into the banking space.

We will continue to develop the nano protocol as we have though we will refocus expansion efforts toward facilitating partners who already have a foothold in this space.

We continue to believe connecting nano with the banking system is the next logical step toward further adoption of nano and working with our partners who are doing just this will be the best way forward.

Keep reading on our nano blog

How Diva’s Kitchen used nano to feed over 300 homeless people in Nigeria

Vini’s unbanking journey part 4

This month in RsNano: May 2023

Introducing the first solar-powered nano node

Exploring Decentralized Science with a nano: a new perspective

Growth Blog: How Nigeria is voluntarily adopting nano.

V25 Daric is live!

This Month in RsNano: May 2023

V25 Daric is LIVE!

Nano — Thu, 25 May 2023 10:02:11 GMT

It is with great excitement that we announce the official release of V25.0 Daric! As mentioned in the previous development update, V25 is a complementary update to the recently released V24 Siglos and completes this two-pronged update to the nano node software. It includes several great improvements to the node software that increase performance and security.

With this full release, we recommend all node operators to upgrade to V25.0 of the nano node software.

What’s in V25?

So, what has changed with V25? And what do we expect to see? Let’s dive in!

Ascending bootstrap:

One of the significant features added in V25 is the Ascending Bootstrapper which reduces the time it takes for new nodes to join and sync with the network. The bootstrap process of the node has largely been unchanged from the original design and bringing it up to date required an overhaul of multiple parts of the node.

Of significance, the new ascending bootstrapper:

No longer uses the disk (unchecked table) for storing blocks while working
Communicates blocks through existing realtime sockets rather than needing to open separate bootstrap sockets. This makes the bootstrap process firewall and NAT friendly.
Scores bootstrap peers and prioritises requests to the most responsive nodes
Makes smaller requests to more nodes rather than larger requests to a few
Improves general performance of the bootstrap process as a whole

The new mechanism uses stateless bootstrap messages to send bootstrap query/response through the node’s real-time socket, allowing nodes behind a firewall to participate in bootstrapping. Additionally, the Ascending Bootstrap mechanism reduces the consumption disk resources by lightening the burden on the data structure that holds the “unchecked” blocks, resulting in improved efficiency.

Optimistic elections:

Optimistic elections are another major feature that speeds up the cementing process, especially during the bootstrapping phase. The feature introduces a new type of election scheduler, the optimistic scheduler, that operates alongside the default election scheduler. The optimistic scheduler randomly samples accounts with unconfirmed blocks and activates an election for the account head block, reducing the time required to confirm all blocks in an account chain.

Continuous Backlog Population

The Continuous Backlog Population feature improves the scanning process of all accounts in the ledger for uncemented blocks by queuing and prioritising them in proper buckets. This reduces the consumption of node resources and improves efficiency.

Node handshake

The node handshake, responsible for establishing a connection between two nodes, has been upgraded to add an additional layer of security to the network by including salt and genesis block hash fields in the node ID handshake exchange process. The upgrade is backward compatible, and legacy handshake support will be phased out gradually over time.

Test infrastructure

Over the past few months, our team has continued to enhance the nano network’s testing infrastructure. These improvements aim to enable faster development by catching bugs early and facilitating proactive tweaking. Special thanks to Gr0vity and Ricki for volunteering to write and run this testing framework.

To evaluate new features going forward, we have introduced new tools that spin up an arbitrary number of nodes on the beta network. These nodes serve as bootstrapping nodes, putting pressure on the network and allowing us to observe its performance under various conditions. To evaluate the impact, we perform CPS throughput tests against the Beta network, both with and without the bootstrapping nodes.

Another component of the test infrastructure is a series of automated tests that spin up nano networks on GitHub runners. These tests run automatically for each new commit and pull request, ensuring our code is rigorously tested and potential issues are promptly identified and addressed.

Finally, over the past few weeks, we have developed a new tool that enables the creation of configurable nano networks in the cloud. This advancement allows us to better understand network performance under various real-world conditions and ensures more accurate testing.

The benefits of this tool include:

Gaining more reliable test results due to real resource limitations, such as CPU and bandwidth constraints.
Refining and enhancing local test parameters by running our existing test cases against the cloud network and comparing the results for improved accuracy.
Simulating our live network to better understand its behaviour under different scenarios and conditions.

We have designed a cloud network consisting of 30 representative nodes with vote weight and geographical location according to nodes on our live network. This tool enables us to simulate live network behaviour in various situations, such as the impact of network throughput when nodes upgrade to a specific version. This helps us understand the implications of fine-grained changes and upgrading individual nodes.

The following shows a simulation to test network recovery performance with different percentages of nodes running on V25:

As we move forward, our goal is to further integrate these tools into our automated testing pipeline, ensuring a more robust and reliable testing process.

Code hygiene

We’ve improved several parts of the node build process: The code has been upgraded to C++20 and the docker image has been upgraded to Ubuntu 22.04 LTS. Boost was upgraded to 1.81 and is now pulled in directly as a submodule rather than needing to be built externally. A lot of work has been done splitting files and documenting classes.

What to expect in V26.0

Plans for V26 are already underway. Subject to change, current V26 plans include: refactoring of the network code, splitting the block table, improving election scheduler bucket bounding, and refactoring of the block processing pipeline. These changes will improve the network’s flow control and response under heavy load.

We want to thank everyone on the dev team as well as all of nano’s community contributors for their commitment and hard work. Remember, there are many ways to help maintain and improve the nano network with C++ and non C++ contributions.

If you have the skills and drive to help, join our development Discord!

V25 Daric is LIVE! was originally published in Nano on Medium, where people are continuing the conversation by highlighting and responding to this story.

Growth Blog: How Nigeria is voluntarily adopting nano

Nano — Wed, 10 May 2023 14:01:48 GMT

Back in May 2022, we laid out our approach to grassroots community building in Nigeria and explained how multiple macro factors made it fertile soil for nano. In August 2022, we built upon that argument and predicted that Nigeria would become the first country with widespread usage of cryptocurrency and specifically nano. Over the course of the past 8 months, nano has been spreading rapidly in Nigeria. In this article, we’ll give you context, a lay of the land of progress, the underlying dynamics and the outlook for the rest of 2023.

The currency crisis accelerated

The Nigerian Naira has a long history of inflation. To quote the president of ABCON: “People are losing confidence in the value of the naira because of depreciation, nobody wants to keep naira. Before you know it, inflation is about 16.5 percent and the naira is losing value. So, the best thing any rational human being will do is to do currency subscription. We are seeing speculation; we are seeing hoarding. You don’t need money now, but you are scared that if you don’t buy now, in the next six months, it may be N800. So, this is the issue.”

This loss in confidence has been further accelerated by the attempt by the Nigerian government to force citizens to use the newly formed e-Naira. Nigeria is largely a cash economy, so to accelerate the shift, the government introduced new Naira bank notes and forced their citizens to turn in their old bank notes before a certain date. When people tried to do this, they found there was no cash: “No ATM are giving money. I went to 10 banks, there are no new notes,” said Okwori to Al Jazeera, who wonders how he will manage to buy food for the day.

This led to violent protests around the country. Legal intervention made the government backtrack on this plan, but the damage in terms of further decrease in confidence was already done.

How to conceptualise adoption

Nano is a network of people that is brought together by technology and a set of beliefs. The economic transactions between the network participants is the true value. Increasing this over time is what adoption of nano looks like. The current status is that a couple of hundred thousand people transact in nano for some things and a subset of those people transact in nano for a lot of things.

The increase in economic transactions is the recipe for adoption, but like any recipe it requires ingredients. You need a seller of goods or services. You need a buyer of goods or services. They need a digital or physical place to connect and they must meet at the same time. When all the ingredients are there, we can make the recipe.

Some of the ingredients

Against the backdrop of further decrease in confidence in the Naira, our ambassador Samuel worked relentlessly to drive awareness for nano through charitable work and education.

At the same time, various new exciting startups were introduced to the network including SendNano which enabled tipping on Twitter and Persevee which enables earning nano through live streaming.

One of the recipes

The SendNano tipping feature on Twitter led Diva’s Kitchen to organise a fundraiser to feed 300 homeless people in Ibadan, Nigeria during Easter. This was very successful and led her to introduce nano to her supplier Yelam Foods. This in turn inspired various other businesses (1, 2, 3) to accept nano, SendNano to innovate its platform and various other individuals to start fundraisers (1, 2, 3). The Espada Kids Football Academy has been able to get funding for nano branded jerseys and training kits and convinced their supplier to accept nano.

People from all over the world came together at the same time on Twitter and made meaningful economic transactions powered by nano. This benefits the network because the array of possible economic transactions is increasing for its participants and the positive productive output of the transactions is driving awareness for the network.

What’s next and how to contribute?

To increase the economic activity of the network in Nigeria, we’ll need to make sure that more:

People are aware of nano
People are educated about nano, the networks, products and use cases
People have access to nano through currency exchange, remittance or labour
Businesses accept nano
Entrepreneurs build products on nano

Any activity that contributes to this is an ingredient that can become part of a recipe. The recipes are the economic transactions that ultimately determine the true value of the network.

A couple of recent ingredients we have already observed are:

Samuel the Nigerian nano ambassador, Abiola from Diva’s Kitchen and a Nano Foundation representative hosted a Twitter Space to educate local business owners on how to accept nano.
Abiola from Diva’s Kitchen adding WeNano flyers to all customer orders
Fundraiser for WeNano Day in Nigeria
People trialling remittances through Bigeria

Any action in any of these directions, no matter how small, increases the true value of the network which ultimately compounds.

In conclusion: we can see validation that an increasing number of people in Nigeria are open to accepting nano as a currency for goods and services. We can also see that our grassroots approach is effective. The significance of this can hardly be understated. The challenge that arises now is: How to sustainably (so not only funded by generosity) drive awareness and bring nano into circulation at scale? We believe that entrepreneurship and labour are crucial answers to this question, but I’ll explore this in more detail in a later article.

If you would like to become part of the global nano network, find us on Twitter and Reddit, or join our community program.

Growth Blog: How Nigeria is voluntarily adopting nano was originally published in Nano on Medium, where people are continuing the conversation by highlighting and responding to this story.

V25 Daric development update — formal testing begins!

Nano — Fri, 05 May 2023 14:02:22 GMT

V25 Daric development update — formal testing begins!

We are very excited to announce that the first release candidate for V25 Daric is now ready for formal testing! V25 is a complementary update to the recently released V24 Siglos and completes this two-pronged update to the nano node software. This version includes several enhancements that improve the performance and security of the nano network.

Behind the scenes, a significant amount of work and cleanup has gone into adding the V25 features. These changes have improved testing, modularity, and maintainability of the node codebase and will make future updates easier to validate and merge.

Firstly, a quick note to our node operators. Thank you for sharing our effort and enthusiasm in continually working to improve nano. Please remember, release candidate versions are subject to rapid change, so representative nodes shouldn’t update until the official release. We’ll let you know exactly when testing is complete and it’s time to upgrade.

What’s in V25?

So, what has changed with V25? And what do we expect to see? Let’s dive in!

Ascending bootstrap:

Of significance, the new ascending bootstrapper:

No longer uses the disk (unchecked table) for storing blocks while working
Communicates blocks through existing realtime sockets rather than needing to open separate bootstrap sockets. This makes the bootstrap process firewall and NAT friendly.
Scores bootstrap peers and prioritises requests to the most responsive nodes
Makes smaller requests to more nodes rather than larger requests to a few
Improves general performance of the bootstrap process as a whole

Optimistic elections:

Continuous Backlog Population

Node handshake

Test infrastructure

The benefits of this tool include:

Gaining more reliable test results due to real resource limitations, such as CPU and bandwidth constraints.
Refining and enhancing local test parameters by running our existing test cases against the cloud network and comparing the results for improved accuracy.
Simulating our live network to better understand its behaviour under different scenarios and conditions.

The following shows a simulation to test network recovery performance with different percentages of nodes running on V25:

As we move forward, our goal is to further integrate these tools into our automated testing pipeline, ensuring a more robust and reliable testing process.

Code hygiene

Expectations for V25

The enhancements introduced in V25 significantly improve the efficiency of the bootstrapping process by optimising node resource usage and increasing the speed of block cementing. The Ascending Bootstrap mechanism, stateless bootstrap messages, and Continuous Backlog Population feature improve the node’s resource usage in disk and bandwidth, while optimistic elections increase the speed of block cementing during bootstrapping. These features work together to provide a smoother, more efficient user experience on the nano network.

What comes next?

We can’t wait to formally release V25 — an important step on the road towards commercial grade. We want to thank everyone on the dev team as well as all of nano’s community contributors for their commitment and hard work. Remember, there are many ways to help maintain and improve the nano network with C++ and non C++ contributions.

If you have the skills and drive to help, join our development Discord!

V25 Daric development update — formal testing begins! was originally published in Nano on Medium, where people are continuing the conversation by highlighting and responding to this story.

Stories by Nano on Medium

The Nano Foundation takes a step forward on its open-source journey

A Dual-Pillared Mission

Why we have changed our operating model:

Why speak now?

Development

V24 Siglos

V25.1 Daric

V26 upcoming

Adoption: Integrations, merchants

Blog pieces:

Alliances & Media

Why does this matter?

Why don’t you approach VC funding?

Will you increase the maximum supply of nano in circulation?

Will the Nano Foundation continue to work without private funding?

What will happen to the remaining Ӿ300,000 in the Dev Fund

What does this mean for the Nano Foundation’s future?

Will development continue?

Will Colin and George continue to work with nano?

Will nano’s adoption campaign continue without funding?

Will the website and socials under the control of Nano Foundation be kept alive?

What does the push to a more open-source setup look like?

Public Weekly Developer Meetings

Streamlining development inroads

How can I contribute to the nano network?

How can I contribute without knowing C++?

I’m not technical — how can I contribute to nano’s future?

Progress Toward Achieving Commercial Grade

Milestones Achieved in the Past Year

Ensuring Rapid and Reliable Development

Our Upcoming Challenges and Commitments towards commercial grade

Beyond Commercial Grade: Future Innovations and Developments

Free Money Day 2023: Nano’s Remarkable Contribution to a Day of Generosity

Participation using WeNano

Social media activity

Celebrate 2023’s Free Money Day with nano and spread the message of generosity

What is Free Money Day?

Nano Foundation & Post Growth Institute

Nano and Free Money Day, a match made in heaven

How can you participate in Free Money Day 2023 with nano?

WeNano spots

Social Media

Pamphlets

The Rise of Nano in Nigeria: How Small Merchants are Embracing the Future of Payments

Nano: a perfect currency for Nigeria

The power of nano for merchants

Diva’s Kitchen

Yelam Foods

Everythingkaffy

Praiz Ventures

The future of nano in Nigeria

Building the Best Version of Digital Cash: A Call to all the Builders, Tinkerers, and Changemakers

In the pioneering spirit of exploration and discovery, amidst skeptics and freedom advocates, a new vision emerges. It’s time to redefine our financial future.

The Power of Decentralized Digital Cash

Dreaming Up the Future of Money

Nano Digest: V25 Release, a new team member, News Page launched, and more!

V25 is live!

Community Programme update and a new NF member

Team Changes

Partner news

Exchanges & Services Updates

Wallet updates

New ways to use nano

Partner Media

Events & Media

Nano in Nigeria

Community Action

Nano Foundation further notices

Keep reading on our nano blog

Other articles

V25 Daric is LIVE!

What’s in V25?

Ascending bootstrap:

Optimistic elections:

Continuous Backlog Population

Node handshake

Test infrastructure

Code hygiene

What to expect in V26.0