The crypto market has been in the red a good part of 2018, and many investors are getting frustrated. At this point, any positive news is something good to look forward to. Such news can bring in some much-needed upside momentum. One crypto that has some positive news coming up is Nano (NANO). Nano has some great updates coming up on the 26th of October and on the 23rd of November. These news are about technical updates that could cause short-term FOMO to the price of Nano (NANO).
October 26th update: The release of Version 17.0
On the 26th, the Nano team will launch version 17.0 which will introduce Lazy bootstrapping. According to the Nano team, this simply means that several blocks can be confirmed through a single block. This will be a huge improvement to the current process, which eats up lots of bandwidth, and is slow. It is slow because the bootstrapping process entails trying to import the entire ledger. To quote Bruno Garcia, the Nano community manager,
“Currently the bootstrapping process is active and tries to import the entire ledger to every node, account by account. In order to ensure that the blocks are valid in the face of forks, many blocks have to be voted on during bootstrapping, which is slow, bandwidth intensive, and I/O intensive.”
Once this update is made, it is likely to trigger some level of excitement in the Nano community. That’s because it will make Nano (NANO) more efficient and aid in pushing up its adoption in the market.
November 23rd update: The release of Version 18.0
This version focuses on minor improvements that add to the overall efficiency of Nano (NANO) coin. Some of the key updates on this version include a reduction in CPU usage for representatives, a reduction in bandwidth usage, an improvement to the wallets and the RPC. Though these are just minor changes, they are important and will add to the excitement around Nano (NANO) coin, and could lead to a price surge in the short-term. Besides, this update is coming towards the end of the year, a period when most investors believe that the crypto market could surge. As such, the excitement around version 18.0 and a possible market-wide pump could give Nano (NANO) a significant bump in price.
But even without these short-term pumps, Nano (NANO) could be headed for a significant price rise going into 2019 and beyond. That’s because it is feeless and has instant transactions. These are features that will play a huge role in the growth of Nano (NANO) going into 2019 and beyond. That’s because when it comes to mass adoption, people will go for the most efficient method. Otherwise, there would be no point in shifting given that centralized payment systems are pretty efficient as they are.
Once Nano (NANO) coin gains mass adoption, its value in the market will rise as well. It’s without a doubt one of the coins to watch out for in the next crypto bull run, regardless of when it comes.