Universal Block, a protocol where every block is the same has been released for Nano currency. The release update was tweeted by Colin LeMahieu, the founder of Nano.
This new Universal Block protocol upgrade increases the efficiency of the Nano’s network, helps improve security and simplifies code needed to construct a block for developers and exchange.
Previously the Nano network had four different kind of blocks – open, change, send and receive – each one a little different from other but without any real need for it. With Universal Block, all these four block types will be consolidated into one block. This increases the efficiency of the network.
The Universal Block phase begins with the special “Canary” hash generated to kick off the Universal Block. Once an account produces a Universal Block, it will only produce Universal Block going forward.
The Canary phase will be rolled out in two phases:
Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity
Did you like the news you just read? Please leave a feedback to help us serve you better
Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.
Shocking Crypto Betrayal: in Ruthless Investment Scam In a heartbreaking turn of events, a trusted…
Inside the : How a Private Key Breach Rocked the AI Blockchain World In the…
Introduction: Crypto's Dark Role in Global Tensions Cryptocurrency was meant to free money from banks…
India's Crypto Boom Meets Regulatory Confusion India loves crypto. Indians top the world in crypto…
How proves demand stays strong. Altcoins Join the Party Major altcoins posted gains too. Ethereum…
5 Smart Money Habits Millennials Use to Grow Crypto Wealth Fast Millennials are shaking up…